Nvidia Q3 Earnings Skyrocket: Revenue Surpasses Expectations, Stock Soars

Nvidia has delivered a strong showing in its third quarter earnings report, with revenue reaching $57 billion – an impressive 62% jump compared to the previous year. Data center sales were particularly strong, exceeding expectations at $51.2 billion, even surpassing the projected $49 billion mark. The company forecasts fourth-quarter revenue of around $65 billion, significantly higher than analysts’ average estimate of $61.6 billion. Following the earnings announcement, Nvidia stock saw a surge of over 4% in after-hours trading. CEO Jensen Huang highlighted exceptional sales for Blackwell products and the complete sellout of cloud GPUs.