NVIDIA Q3 Data Center Sales Jump 66% to $51.2B, Forecast 2026 Revenue at $168.2B

NVDANVDA

Shares of NVIDIA gained 2.53% over the past five sessions after a 1.59% rise previously but remain nearly 10% below the October 29 record high. Q3 revenue hit $57.0B with EPS of $1.30 on a 66% y/y data center surge to $51.2B, and analysts forecast revenue of $168.2B in 2026.

1. Recent Stock Performance and Volatility

Over the past ten trading weeks, Nvidia shares have advanced by nearly 4.12%, building on a 1.59% gain in the preceding period. Despite this momentum, the stock remains roughly 10% below its October 29 all-time high, though it still outperforms broader markets with a 57.46% rise over the last 12 months. This juxtaposition of strong long-term gains and short-term consolidation highlights both investor enthusiasm for Nvidia’s AI leadership and the market’s sensitivity to valuation concerns.

2. Record Third-Quarter Earnings Drive Growth

In its fiscal third quarter ending November 19, 2025, Nvidia delivered record results, reporting revenue of $57.0 billion and diluted earnings per share of $1.30, each surpassing consensus estimates. Data center sales were the primary growth engine, totaling $51.2 billion—a 66% increase year-over-year—as hyperscalers and enterprise customers accelerated AI infrastructure deployments. Gross margin expanded to 76.1%, underscoring operating leverage from higher-margin GPU sales.

3. Unprecedented Market Capitalization Milestones

Nvidia achieved historic market cap milestones in 2025, becoming the first publicly traded company to exceed $4 trillion in early July and then topping $5 trillion in late October. These achievements followed its ascent past both Apple and Microsoft to join the $3 trillion club just a month earlier, reflecting Nvidia’s dominant position in supplying AI compute across the Magnificent Seven and other major technology players.

4. Medium- and Long-Term Financial Forecasts

Analysts project Nvidia’s revenue to grow from $168.15 billion in 2026 to $265.52 billion by 2030, representing a compound annual growth rate of approximately 13.7%. Net income is expected to rise from $95.25 billion to $175.41 billion over the same period, with diluted EPS climbing from $3.83 to $7.24. Consensus forecasts assume a stable price-to-earnings multiple near 50×, implying continued upside potential if AI demand sustains its rapid expansion.

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