Nvidia reported another set of blockbuster results for its latest quarter, easing fears of an “AI bubble” and underscoring its dominance in the market for chips that power artificial intelligence.
Entrance of Endeavor headquarters building in 2018
For its third quarter of fiscal 2026, which ended October 26, 2025, Nvidia posted: (Nvidia Investor Relations)
- Revenue: $57.0 billion,
- +22% versus the previous quarter
- +62% year-over-year
- Data center revenue: $51.2 billion,
- +25% quarter-on-quarter
- +66% from a year earlier
- GAAP and non-GAAP gross margin: about 73.5%
- GAAP diluted EPS: $1.30, up roughly 67% year-over-year
The results beat Wall Street expectations and sent Nvidia shares higher in after-hours and Asian trading, lifting broader tech indices and even risk assets like bitcoin, as investors took the numbers as confirmation that AI demand remains resilient.
AI demand still “off the charts”
Nvidia’s performance continues to be driven overwhelmingly by its data center business, where its GPUs power cloud-based AI training and inference for major tech platforms and startups alike. The company highlighted ongoing “off the charts” demand for its Blackwell-based AI platforms and related systems, even as some market watchers have warned of overheating in the AI sector.
CEO Jensen Huang downplayed concerns about an AI bubble on the company’s earnings call, arguing that Nvidia is at the center of a multi-year shift toward accelerated computing, generative AI, and emerging “agentic” and physical AI applications such as robotics and autonomous systems.
Outlook: Even stronger quarter ahead
Nvidia guided for fourth-quarter fiscal 2026 revenue of about $65.0 billion (±2%), comfortably above analyst forecasts, implying another strong jump in sales if realized. The company also signaled gross margins could edge toward 75%, reflecting the premium pricing power of its AI chips and software stack.
Despite continued export controls that limit some high-end chip shipments to China, Nvidia said demand across hyperscale cloud providers, enterprise customers, and sovereign AI projects remains robust. Analysts noted that the results and guidance helped calm recent market jitters after high valuations, profit-taking, and large stake sales by major investors had sparked volatility in the stock.
With record revenue, surging profit and a confident forecast, Nvidia’s latest quarter reinforces its role as the central hardware supplier to the global AI boom — and, for now, suggests that demand for AI computing power is still catching up to the hype.
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