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NVIDIA Company (NASDAQ:NVDA) continued its streak of better-than-expected results, with revenue and earnings per share ahead in the third quarter. of Street estimates Wednesday
Nvidia’s key figures for the third quarter: Nvidia reported third-quarter revenue of $35.1 billion, up 94% year over year, beating the Street consensus estimate of $33.12 billion, the data showed. by Benzinga Pro.
The company reported earnings per share of 81 cents, above the Street consensus estimate of 75 cents per share.
The company has beaten analysts’ revenue estimates for nine consecutive quarters.
The company has beaten analysts’ earnings per share estimates for eight consecutive quarters.
Analysts and Benzinga readers predicted Nvidia is expected to meet or exceed third-quarter expectations before the report is released.
“What’s your boldest prediction for Nvidia’s earnings report on Wednesday? » Benzinga asked readers.
The results were as follows:
-
Meets expectations: 45%
-
Bright beat: 42%
-
Does not meet expectations: 13%
The majority of Benzinga readers expected the company to meet or beat analyst estimates. While more readers expected the company to meet estimates, 42% thought the company would beat estimates on Wednesday.
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Nvidia Q3 Performance by Segment: The data center business recorded record quarterly revenue in the third quarter.
Here is an overview of revenue performance by operating business segment.
|
Segment |
Income |
Change from year to year |
Quarter-to-quarter variation |
|
Data Center |
$30.8 billion |
+112% |
+17% |
|
Gaming and AI PC |
$3.3 billion |
+15% |
+14% |
|
Professional visualization |
$486 million |
+17% |
+7% |
|
Auto |
$449 million |
+72% |
+30% |
“The AI era is in full swing, propelling a global transition to NVIDIA computing,” Nvidia CEO Jensen Huang said.
“The demand for Hopper and the anticipation for Blackwell – in full production – is incredible as core model creators scale pre-training, post-training and inference.
Huang said countries have “realized the importance” of AI.
“AI is transforming every industry, business and country. Businesses are adopting agentic AI to revolutionize workflows. Investments in industrial robotics are increasing thanks to breakthroughs in physical AI.
Nvidia Q4 Outlook: Nvidia said it expects fourth-quarter revenue of $37.5 billion, plus or minus 2 percent.
