Nvidia Exceeds Expectations, Doubles Revenue

Highly anticipated financial statements of Nvidia did not disappoint as the company once again announced record-breaking revenue, effectively doubling last year's performance. Nvidia continues its impressive rise.

With the AI boom accelerating, Nvidia has become the most anticipated company for quarterly reports, drawing attention to what new records it will break each term. This year’s third-quarter report followed the trend.

Nvidia Continues Breaking Records

In its third-quarter report, Nvidia achieved $35.1 billion in revenue, surpassing analyst expectations by 6% and marking a 94% increase compared to the same period last year.

Most of the revenue came from data centers, where Nvidia reported an 112% increase to reach a record $30.8 billion. Gaming revenue also rose by 15% to $3.3 billion this quarter.

The company’s net profit reached a new high of $19.31 billion, doubling year-over-year. With Blackwell sales expected to continue, Nvidia’s revenue for the final quarter is projected to hit $37.5 billion.