- Record revenues of $57.006 billion, +62,5% year-on-year
- Data centers contribute 51.200 billion and account for almost 90% of revenue
- Guidance for the next quarter: $65.000 billion (+/- 2%)
- Strong cash reserves (60.600 billion) and share buybacks of 37.000 billion
Nvidia has presented some accounts which again exceed market consensus, with revenues of $57.006 billion in its third fiscal quarter (August-October), which This represents a year-on-year growth of 62,5% and an increase of 22% compared to the previous quarter..
The driving force behind this leap has been the business of data centers, which contributed $51.200 billion and marked an all-time high, while the company It anticipates sales of around $65.000 billion for the current quarter. (+/- 2%) thanks to a demand that, according to management, It continues to accelerate in training and inference.
Record revenues and segment distribution
In addition to beating analysts' forecasts, the technology company has reported that Earnings per share stood at $1,30, above consensus, and that the AI business continues to lead financial performance quarter after quarter.
In the main segment breakdown, revenues from Computing in data centers reached 43.000 billion (+56% year-on-year), while Networks added 8.200 billion (+162%), driven by NVLink compute fabric and adoption on GB200/GB300 systems for large-scale AI deployments.
Beyond the cloud, the area of Gaming grew by 30% year-on-year y It fell by 1% compared to the previous quarter due to the normalization of inventories ahead of the Christmas season, maintaining a sustained demand for Blackwell architecture.
The division of Professional Visualization advanced 56% year-on-year (+26% quarterly) following the launch of DGX Spark and the strength of Blackwell, while Automotive increased 32% year-on-year (+1% quarterly) thanks to the adoption of its autonomous driving platforms.
Revenue and margin guidance for the next quarter
For the fourth fiscal quarter, the company anticipates revenue of $ 65.000 billionwith a variation range of 2%. In terms of margins, it projects a 74,8% GAAP gross (75,0% non-GAAP), reflecting a growing mix of Blackwell systems and associated cost improvements.
On the spending front, Nvidia anticipates GAAP opex of approximately 6.700 billion and not GAAP of 5.000 billion, with other income and expenses of around 500 million (excluding effects on unlisted securities), and a tax rate estimated 17% (+/- 1%).
Cash, cash flow and return to shareholder
The liquidity position continued to strengthen: the company closed the quarter with 60.600 billion in cash and equivalents, up from 38.500 billion a year ago, supported by a operating cash flow of 23.800 million.
In the first nine months of the fiscal year, Nvidia returned $37.000 billion to shareholders through buybacks and dividendsand maintains a repurchase authorization for 62.200 billionIn addition, it has announced a quarterly cash dividend of 0,01 dollars per share with payment scheduled for December 26, 2025.
Factors that drive and condition income
The demand for the platform Blackwell is "over the moon"According to management, the company has an order book that, as Jensen Huang announced, totals around $500.000 billion by 2025-2026including the upcoming Rubin chip, whose volume distribution will begin next year.
Meanwhile, trade restrictions are limiting China's contribution: the company indicated that It is not generating significant revenue in the Data Center in that country and that, without these limitations, the quarter could have totaled up to additional 5.000 billionSales of the H20 chip, designed for that market, were insignificant in the period.
To sustain the offer, the firm increased its supply commitments up to 50.300 billion and raised inventories to 19.800 billion, while the agreements Multi-year cloud storage doubled broadly up to 26.000 billion, supporting its roadmap of products and services such as DGX Cloud.
Reading in Europe and market reaction
In European terms, the reported $57.006 billion is equivalent to approximately 49.187 millones de euros at the reported exchange rate, and the $51.200 billion in data centers are around 44.177 millones de euros, demonstrating the importance of the AI business for customers in the region as well.
Among the companies with a presence in Spain, XTB described the results as AI investment cycle validation and a catalyst for technology, while independent analyses focus on the fact that Data Center traction Maintain the pace of revenue as inventories normalize in other lines.
On the stock exchange, the share It closed with an increase of approximately 2,85%. and advanced around 4% in after-hours trading following the release of the results and guidance, in a context where some investors are questioning the growth sustainability after the strong revaluation of recent years.
With record-breaking revenue figures, a data center segment that is approaching nine out of every ten dollars earned and a guide that aims to continue setting new records, Nvidia keeps its finger on the pulse of the AI market; the evolution of margins, the execution of the supply and the long-term cloud contracts These will be key to confirming that the revenue boost translates into sustained growth.
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