Nvidia beat Wall Street’s revenue and profit estimates for the third quarter of its fiscal 2026, which ended Oct. 26. The chipmaker reported on Nov. 19 that its revenue rose 65% year-over-year to a record $57.01 billion. Analysts, according to LSEG, had expected $54.92 billion, CNBC reported. Adjusted earnings per share came in at $1.3, compared with Wall Street’s estimate of $1.25.
Nvidia expects its revenue to grow to $65 billion, plus or minus 2%, for the current quarter. Even the lower end of that range — $63.7 billion — is above analysts’ consensus estimates of $61.66 billion, CNBC reported. It was the strong sales forecast that drove the chipmaker’s shares higher after the report was published, Bloomberg said.
Data center equipment remains a key area for Nvidia. Revenue in this segment increased 66% year over year and set a record, reaching $51.2 billion. Of this amount, AI chips accounted for $43 billion, and sales of equipment that allows hundreds of chips to be connected into one computing cluster brought in $8.2 billion.
The company singles out robotics as one of the most promising growth areas. Sales in the automotive solutions and robotics division last quarter increased by 32% and amounted to $592 million.