Nvidia delivered a strong third quarter, reporting $57 billion in revenue and $32 billion in GAAP net income, both sharply exceeding expectations and marking year-over-year increases of 62% and 65%. The performance was driven overwhelmingly by the company’s data center division, which generated a record $51.2 billion, reflecting surging global demand for AI training and inference infrastructure.
CEO Jensen Huang and CFO Colette Kress highlighted accelerating adoption of advanced computing, powerful AI models, and agentic applications as the primary growth engines. Nvidia announced AI factory and infrastructure projects totaling 5 million GPUs, with its Blackwell architecture leading sales and cloud GPU inventory fully sold out.
While geopolitical constraints limited shipments of its H20 data center GPU to China, Nvidia maintained engagement with U.S. and Chinese regulators. Looking ahead, the company projects $65 billion in Q4 revenue, reinforcing Huang’s view that AI expansion remains in a sustained growth cycle rather than a market bubble.
