NVIDIA, Q3 revenue 'record high'…Jensen Huang "AI enters a virtuous cycle"

Q4 revenue $65 billion…"AI order backlog surges"

Data center revenue drives results at $51.2 billion

Jensen Huang "Blackwell sales explosive, cloud GPUs sold out"

NVIDIA has once again broken its quarterly record.

NVIDIA announced on the 19th (local time) that in fiscal 2026 Q3 (ended October 26, 2025) it recorded revenue of $57.01 billion, the company said on the 19th (local time). It is the largest ever, up 22% from the previous quarter and up 62% year-on-year.

NVIDIA CEO Jensen Huang said in the earnings release, "AI has entered a stage of doing everything, everywhere, all at once," and "Blackwell sales are explosive, and cloud GPUs are sold out."

The company provided strong guidance, saying Q4 revenue is expected to reach $65 billion (about ±2%), exceeding market estimates. Gross margin was also guided to be around 75%, indicating continued excess demand.

In a statement, CEO Huang emphasized, "Both training and inference are growing exponentially, and computing demand continues to accelerate. The AI ecosystem has entered a 'virtuous cycle.' New AI startups worldwide, foundational model developers, major industries, and countries are all scaling on NVIDIA's platform."

Revenue for the data center segment, where AI demand is concentrated, rose 66% year-on-year to $51.2 billion, driving results. Blackwell (B100/B200) GPUs showed a 10-fold improvement over the previous generation not only in inference performance but also in energy efficiency.

NVIDIA showed balanced growth across businesses beyond the AI data center business. Gaming (GPU chips for games) revenue was $4.3 billion, up 30% year-on-year.

Professional visualization, which provides graphics solutions for film, design, and 3D work, saw revenue surge 56% year-on-year to $760 million.

Automotive & robotics, which includes autonomous driving chips and AI platforms for robots, also continued steady growth with revenue of $592 million, up 32% year-on-year.

AI PC proliferation, expansion of the RTX ecosystem, and the unveiling of autonomous driving platform Hyperion 10 also supported growth. NVIDIA also presented a plan to work with Uber from 2027 to build a 100,000-vehicle Level 4 robotaxi network.

NVIDIA's Q4 outlook included ultra-strong guidance of $65 billion in revenue (±2%) and a gross margin around 75%. The company said demand is surging from cloud, big tech, and hyperscaler companies.

CEO Huang also recently said, "Orders in 2025–2026 alone reach $500 billion," adding, "AI is becoming the fundamental infrastructure across industries."

NVIDIA has executed $37 billion in share buybacks and dividends over the past nine months this year. As of the end of Q3, $62.2 billion of share buyback authorization remains. The next dividend will be paid on December 26 at $0.01 per share.

New York=Park Shin-young, correspondent nyusos@hankyung.com