NVIDIA, the behemoth in the AI chip sector, has unveiled its financial results for the third quarter of the fiscal year 2026 (culminating on October 26). The figures reveal that the quarter's revenue soared to $57.01 billion, outstripping market forecasts, and the net profit soared to $31.91 billion, showcasing a remarkable 65% year-on-year upswing. Additionally, adjusted earnings per share also outperformed projections. The data center segment emerged as the linchpin of NVIDIA's growth, generating $51.2 billion in revenue during the quarter. Within this, the 'computing' division contributed $43 billion, while the 'networking' arm added $8.2 billion. The second-generation Blackwell chip, dubbed 'Blackwell Ultra,' emerged as the top-selling product line, with cloud GPUs also experiencing a complete sell-out. NVIDIA anticipates its fourth-quarter revenue to hover around the $65 billion mark, once again surpassing market expectations. In the wake of the earnings announcement, NVIDIA's stock price catapulted by over 6% in after-hours trading.
