Nvidia’s Q3 Revenue Soars to $35.1B, Yet Q4 Outlook Fails to Impress Investors
Nvidia has announced a record-breaking third-quarter revenue of $35.1 billion, marking a 17% increase from the previous quarter and a staggering 94% rise from the same period last year. The AI chipmaker’s adjusted earnings per share also reached 81 cents, surpassing analyst predictions.
Despite these impressive figures, Nvidia’s stock experienced a 2% drop in after-hours trading. This was largely due to investor concerns over the company’s fourth-quarter guidance of $37.5 billion, which fell short of some analysts’ ambitious forecasts. Nvidia’s CEO, Jensen Huang, emphasized that the demand for the company’s next-generation Blackwell chip is outpacing supply, with production now operating at full capacity.
The recent results highlight the challenges Nvidia faces in meeting the immense GPU demand, which has become the baseline expectation from investors. Even though the company nearly doubled its sales compared to last year, the growth rate showed signs of slowing down from previous quarters.
Source: Nvidia’s Q3 Financial Results