Nvidia Posts 62% Revenue Surge to $57B, Guides Q4 $65B and Gains China Chip Approval
Nvidia’s fiscal third-quarter revenue jumped 62% year-over-year to $57 billion and rose 22% sequentially, driven by surging AI data center demand and Blackwell-architecture GPUs. The company forecasts fourth-quarter revenue of roughly $65 billion (±2%) and secured U.S. approval to ship H200 AI chips to China.
1. Q3 Financial Results
Nvidia reported fiscal third-quarter revenue of $57 billion, up 62% from a year earlier and 22% sequentially, fueled by record demand for its AI-optimized data center GPUs under the Blackwell architecture. The segment accounted for the bulk of revenue growth, while overall gross margin expanded to 73.4%.
2. Q4 Revenue Guidance
Management projects fiscal fourth-quarter revenue of $65 billion, plus or minus 2%, reflecting strong backlog and ongoing investments by hyperscalers and enterprises in AI infrastructure. The guidance underscores confidence in sustained chip demand despite broader semiconductor market pressures.
3. China Shipment Approval
U.S. regulators have authorized shipments of Nvidia’s next-generation H200 AI accelerators to selected Chinese customers, easing previous export restrictions. This approval opens a critical growth avenue in the world’s second-largest cloud market and could boost international sales.
4. Comparative Profitability
Nvidia’s robust profitability, with a 73.4% gross margin and 99.2% return on equity, sharply outpaces competitors like Supermicro, which reported a 6.3% margin and 17.8% ROE. This gap highlights Nvidia’s dominant position in high-end AI hardware and superior pricing power.