NVIDIA (NVDA) Q3 2026 earnings summary

Executive summary

• Achieved record Q3 FY26 revenue of $57.0 billion, up 62% year-over-year and 22% sequentially, driven by strong Data Center, Compute & Networking, and AI platform demand.

• Net income reached $31.9 billion (GAAP), up 65% year-over-year, with diluted EPS of $1.30, up 67% year-over-year.

• Data Center revenue led performance, up 66% year-over-year to $51.2 billion, fueled by accelerated computing and AI demand.

• Visibility to $500 billion in Blackwell and Rubin revenue through 2026, with Blackwell Ultra ramping across all customer categories.

• Strategic partnerships and investments with leading AI companies (OpenAI, Anthropic, xAI, Intel) and hyperscalers are expanding the CUDA ecosystem and driving adoption across industries.

Financial highlights

• Q3 FY26 GAAP revenue: $57.0 billion (+62% YoY); GAAP net income: $31.9 billion (+65% YoY); GAAP diluted EPS: $1.30 (+67% YoY).

• Data Center revenue: $51.2 billion, up 66% year-over-year; Networking revenue: $8.2 billion, up 162% year-over-year.

• Gaming revenue: $4.3 billion, up 30% year-over-year; Professional Visualization: $760 million, up 56%; Automotive: $592 million, up 32%.

• GAAP gross margin: 73.4%; non-GAAP gross margin: 73.6%, both exceeding outlook.

• Free cash flow for Q3 FY26 was $22.1 billion; cash and marketable securities totaled $60.6 billion at quarter end.

Outlook and guidance

• Q4 FY26 revenue expected at $65.0 billion, plus or minus 2%, driven by Blackwell architecture momentum.

• GAAP and non-GAAP gross margins projected at 74.8% and 75.0%, respectively, ±50 bps.

• Operating expenses for Q4: GAAP $6.7 billion, non-GAAP $5.0 billion; tax rate expected at 17% ±1%.

• No Data Center compute revenue from China assumed in guidance; export controls and regulatory changes present ongoing uncertainty.

• Working to maintain gross margins in the mid-70% range for fiscal 2027 despite rising input costs.