Nvidia beat Wall Street expectations again in its third quarter, reporting on Wednesday revenue of $57 billion, above analysts’ forecasts of $55.2 billion.
The chipmaker also topped profit estimates, posting net earnings of $1.30 per share compared with expectations of $1.25.
Data center revenue reached $51.2 billion for the quarter, exceeding projections of $49.3 billion. Nvidia raised its guidance for the current quarter to $65 billion in revenue, up from analysts’ forecasts of $62 billion.
Nvidia CEO Jensen Huang said the results reflected broad strength across the business. “The AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once,” he said, adding that demand for the company’s Blackwell GPU chips was “off the charts.”