Core Viewpoint - Nvidia reported better-than-expected Q3 earnings, with revenue of $57.01 billion, a 62% year-over-year increase, surpassing market expectations of $55.19 billion. The company anticipates Q4 revenue of approximately $65 billion, exceeding the market forecast of $62 billion [2][4][9]. Financial Performance - Q3 revenue reached $57.01 billion, up 62% year-over-year, compared to analyst expectations of $55.19 billion and Nvidia's own guidance of $52.92 billion to $55.08 billion [4][8]. - Adjusted EPS for Q3 was $1.30, a 60% increase year-over-year, exceeding analyst expectations of $1.26 [4][9]. - Adjusted gross margin for Q3 was 73.6%, a slight decline of 1.4 percentage points year-over-year, with analyst expectations at 73.7% [4][9]. - Adjusted operating expenses for Q3 were $4.215 billion, up 38% year-over-year, aligning closely with analyst expectations [4][9]. Segment Performance - Data Center revenue for Q3 was $51.2 billion, a 66% year-over-year increase, surpassing analyst expectations of $49.34 billion [5][8]. - Gaming and AI PC revenue for Q3 was $4.3 billion, a 30% year-over-year increase, slightly below analyst expectations of $4.42 billion [5][6]. - Professional Visualization revenue for Q3 was $760 million, a 56% year-over-year increase, exceeding analyst expectations of $612.8 million [5][6]. - Automotive and Robotics revenue for Q3 was $59.2 million, a 32% year-over-year increase, below analyst expectations of $62.16 million [6]. Guidance and Future Outlook - For Q4, Nvidia expects revenue in the range of $65 billion, with a margin of error of 2%, compared to analyst expectations of $61.98 billion [7][9]. - The company anticipates an adjusted gross margin of 75.0% for Q4, with a margin of error of 50 basis points, exceeding analyst expectations [7][10]. - Nvidia's Q4 operating expenses are projected to be $5 billion, higher than analyst expectations of $4.59 billion [7][10]. Market Reaction - Following the earnings report, Nvidia's stock rose nearly 3% in after-hours trading, with gains expanding to over 5% shortly thereafter [3].

美东时间11月19日周三美股盘后，英伟达再次公布了超出预期的季报。数据显示，英伟达第三财季营收570.1亿美元，同比增长62%，市场预期551.9亿美 元；预计第四财季营收约为650亿美元，市场预期620亿美元。 英伟达第三财季数据中心营收为512亿美元，同比增长66%，市场预期为493.4亿美元。英伟达第三财季调整后每股收益1.30美元。英伟达第三财季调整后营 业利润为377.5亿美元，同比增长62%，市场预期为364.6亿美元。英伟达第三财季研发支出47.1亿美元，同比增长39%，市场预期为46.6亿美元。 英伟达CEO黄仁勋在财报公告中表示，公司最新一代Blackwell架构的芯片"销量远超预期，云端GPU也已售罄"。 财报公布后，收涨近3%的英伟达盘后涨幅迅速扩大，盘后涨幅超5%。 主要财务数据： 营收：三季度营业收入570.1亿美元，同比增长约62%，分析师预期551.9亿美元，英伟达自身指引529.2亿至550.8亿美元，前一季度同比增长56%。 EPS：三季度非GAAP口径下调整后的每股收益（EPS）为1.30美元，同比增长60%，分析师预期1.26美元，前一季度同比增长54%。 毛利率：三季度 ...