Nvidia turned in another outsized quarter, with the data center once more carrying the results. The company, which designs the graphics processors now at the center of the artificial intelligence buildout, posted fiscal third-quarter revenue of $57.0 billion, a 62% jump from a year earlier. Data-center sales alone reached $51.2 billion. The stock trades at 210.69 USD, up 2.95% on the session.
At a Glance
- Q3 revenue of $57.0 billion, up 62% year over year; data center contributed $51.2 billion.
- Net income of $31.9 billion, or $1.30 a share.
- Management guided to roughly $65 billion in revenue for the current quarter, above analyst forecasts.
- Shares at 210.69 USD with a market cap of 5.10T and a P/E of 32.12.
| Price | 210.69 USD |
|---|---|
| Day change | +6.04 (+2.95%) |
| 52-week range | 171.37 – 236.54 |
| Market cap | $5.10T |
| P/E ratio | 32.12 |
| EPS (ttm) | 6.56 |
| Dividend yield | 0.47% |
| RSI (14) | 50.3 |
| Volume | 240,971,407 |
The line that drew the most attention was Blackwell, the newest GPU architecture. Chief executive Jensen Huang described demand as "off the charts" and said the latest systems are sold out deep into next year. Cloud operators, he noted, are leasing their Blackwell capacity almost as quickly as it can be installed. Finance chief Colette Kress told analysts the company expects about $65 billion in revenue this quarter, comfortably ahead of Wall Street's projections.
China and the Margin Question
Not every figure was tidy. Nvidia again recorded essentially no data-center revenue from China, where U.S. export rules continue to bar its most advanced chips. Huang said the company has largely written off its China expectations and now treats any future sales there as a bonus rather than a planned figure. Some analysts caution that a long lockout could give domestic Chinese competitors room to close the gap.
Gross margin held near 73%, a number most hardware makers would envy, though it has eased slightly as the more complex Blackwell systems scale up. Kress said margins should climb back into the mid-70s next year as production matures. Gaming, the business that once defined Nvidia, generated $4.3 billion, a marker of how thoroughly AI has reshaped where the money comes from.
What the Numbers Say
At 210.69 USD, Nvidia carries a P/E of 32.12 against trailing EPS that supports a quarterly print of $1.30 a share. For a company growing revenue at 62%, that multiple looks less stretched than the eye-watering valuations of past AI cycles, though the 5.10T market cap leaves little margin for disappointment. The dividend yield of 0.47% is token; this is a growth story, not an income one.
Momentum sits squarely in the middle. The relative strength index reads 50.3, neither overbought nor oversold, which fits a stock that has more than doubled over the past year and is now digesting those gains. The 52-week range runs from 171.37 to 236.54, and the current price sits closer to the upper half than the floor.
The bull case is straightforward: sold-out Blackwell systems, guidance above estimates, and Huang's argument that the move from general-purpose to accelerated computing is a multitrillion-dollar transition still early in its arc. The bear case rests on concentration and expectations. The China shutout removes a large potential market, slipping margins signal the cost of ramping new systems, and the entire AI trade now leans heavily on whether the hundreds of billions pouring into infrastructure ever earn a return. Nvidia's results have become a referendum on that question.
Frequently Asked Questions
How much of Nvidia's revenue comes from the data center?
Data-center sales were $51.2 billion of the $57.0 billion total in the fiscal third quarter, the dominant share of the business.
Why is Nvidia reporting no China data-center revenue?
U.S. export restrictions block Nvidia's most advanced chips from sale in China. The company has written off most of its China expectations and treats any future sales there as upside.
What is Nvidia guiding for next quarter?
Management expects roughly $65 billion in revenue for the current quarter, ahead of analyst estimates.
Where Things Stand
Shares swung in volatile after-hours trading as investors balanced the strong guidance against the high bar already set in the price. For now, the orders keep coming and the AI economy still runs largely on Nvidia's chips. The open question is how long that demand holds, and whether the broader spending that fuels it pays off.
This article is general information only and not investment or financial advice.
