Nvidia(US:NVDA) 3 6 Ke·2025-11-20 00:09Core Insights - Nvidia reported Q3 FY26 revenue of $57.006 billion, a 62% increase year-over-year and a 22% increase quarter-over-quarter, surpassing analyst expectations of $54.92 billion [3][5] - Net income for the quarter was $31.91 billion, up 65% from $19.31 billion in the same quarter last year, and up 21% from the previous quarter [3][6] - The company provided strong guidance for Q4 FY26, contributing to a nearly 6% increase in stock price in after-hours trading [5] Financial Performance - Revenue: $57,006 million, up 62% YoY and 22% QoQ [4] - Gross Margin: 73.4%, down 1.2 percentage points YoY but up 1 percentage point QoQ [6] - Operating Income: $36,010 million, a 65% increase YoY and 27% increase QoQ [4][6] - Net Income: $31,910 million, a 65% increase YoY and 21% increase QoQ [4][6] - Diluted Earnings Per Share: $1.30, up 67% YoY and 20% QoQ [4][6] Business Segments - Data Center Revenue: $51.215 billion, a 66% increase YoY and 25% increase QoQ [8] - Gaming Revenue: $4.265 billion, a 30% increase YoY but a 1% decrease QoQ [9] - Professional Visualization Revenue: $760 million, a 56% increase YoY and 26% increase QoQ [10] - Automotive Revenue: $592 million, a 32% increase YoY and 1% increase QoQ [11] Management Commentary - CEO Jensen Huang noted that demand for Blackwell architecture products exceeded expectations, with cloud GPUs sold out [12] - Huang emphasized the rapid expansion of the AI ecosystem, indicating a positive feedback loop in AI development [12] Shareholder Returns - Nvidia returned $37 billion to shareholders through stock buybacks and cash dividends in the first nine months of FY26 [13] - The company has $62.2 billion remaining in its stock buyback authorization [13] Cash Position - As of October 26, 2025, Nvidia's cash, cash equivalents, and marketable securities totaled $60.608 billion, up from $43.21 billion on January 26, 2025 [14] Future Outlook - Nvidia expects Q4 FY26 revenue to be around $65 billion, exceeding analyst expectations of $61.66 billion [17] - The company anticipates a gross margin of 74.8% and operating expenses of approximately $6.7 billion [17]