Nvidia(US:NVDA) Ge Long Hui·2025-11-24 06:06Core Viewpoint - Nvidia (NVDA.US) reported a strong performance in Q3 of fiscal year 2026, with revenue of $57 billion, a year-on-year increase of 62%, and net profit of $31.8 billion, up 59%, exceeding market expectations [1] Financial Performance - Revenue for Q3 FY2026 reached $57 billion, reflecting a 62% year-on-year growth [1] - Non-GAAP gross margin was 73.6%, a decrease of 1.4 percentage points year-on-year [1] - Net profit attributable to shareholders was $31.8 billion, representing a 59% increase year-on-year [1] Market Position and Future Projections - The strong demand for Blackwell products and successful shipments of the GB300 series contributed to the positive performance [1] - The company raised its revenue forecast for FY2026 by 3% to $213.6 billion, while maintaining its non-GAAP net profit estimate [1] - Revenue and non-GAAP net profit forecasts for FY2027 were increased by 16% and 13% to $341.5 billion and $191.1 billion, respectively [1] Valuation and Rating - The current stock price is trading at a 23.9x P/E ratio for FY2027 [1] - The rating is maintained at "Outperform" with a target price increase of 14% to $228, corresponding to a 29.2x P/E ratio for FY2027, indicating an upside potential of 22% [1]