NVIDIA Corporation Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Top Highlights

  • Q3 revenue reached $57 billion, up 62% year over year and up 22% sequentially ($10 billion increase).
  • Data Center revenue hit a record $51 billion, up 66% year over year.
  • Management reaffirmed visibility into approximately $500 billion in Blackwell + Rubin revenue from early 2025 through end of 2026.
  • NVIDIA expects Q4 revenue of $65 billion (+14% sequential growth at midpoint).
  • Gross margins exceeded outlook: 73.4% GAAP, 73.6% non-GAAP.

Business Segment Performance

Data Center
  • Q3 revenue: $51 billion, +66% year over year.
  • Compute revenue grew 56% year over year, led by GB300 ramp.
  • Networking revenue more than doubled year over year, reaching $8.2 billion (+162%).
  • Cloud GPU supply remains fully sold out across Blackwell, Hopper, and Ampere generations.
  • Major AI factory announcements total approximately 5 million GPUs across CSPs, sovereigns, enterprises, and model builders.
  • Blackwell platform gaining traction: GB300 now accounts for two-thirds of Blackwell revenue.
  • Hopper generated ~$2 billion in Q3; H20 contributed only ~$50 million amid China restrictions and geopolitical challenges.
Gaming
  • Q3 revenue: $4.3 billion, up 30% year over year.

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Sarah: Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA Corporation's third quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. Toshiya Hari, you may begin your conference. Thank you. Toshiya Hari: Good afternoon, everyone, and welcome to NVIDIA Corporation's conference call for the 2026. With me today from NVIDIA Corporation are Jensen Huang, president and chief executive officer, and Colette Kress, executive vice president and chief financial officer. I'd like to remind you that our call is being webcast live on NVIDIA Corporation's 2026. The content of today's call is NVIDIA Corporation's property. It cannot be reproduced or transcribed without our prior written consent. During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent forms 10-K and 10-Q, and the reports that we m

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