Nvidia Expects Continuous Strong Growth in Q4

Nvidia announced it expects revenue growth in the current quarter to maintain the swift pace of fiscal Q3 that ended on 26 October. The company bases its optimism on an increasing demand for its AI chips.

The chipmaker expects its Q4 sales to jump 65% year-on-year to $65 billion. CEO Jensen Huang said Blackwell sales are off the charts, and cloud GPUs are sold out. CFO Colette Kress noted in its earnings call that the Q3 results position it towards a $500 billion opportunity for Blackwell and Rubin platforms to end-2026, with aggregate demand likely to increase. “There’s definitely an opportunity for us to have more on top of the $500 billion that we announced.” She added that the sizable purchase orders never materialized in the quarter due to geopolitical issues and the increasingly competitive market in China.

Net profit in Q3 jumped 65% to $31.9 billion, while revenue grew 62% to $57 billion. Data center sales increased 66% to $51.2 billion, driven by what it called three platform shifts: accelerated computing, powerful AI models, and agentic applications. Gaming revenue increased 30% to $4.3 billion. R&D expenses for the first nine months grew 41% to $13 billion.

The company continues to have more demand than it knows what to do with, meaning revenue is mostly driven by how much capacity it has reserved at Taiwan Semiconductor Manufacturing Company. This is how Nvidia has managed to shrug off the impact of China going to zero with barely a ripple to its financial performance.