Surging AI demand leads NVIDIA to another record quarter, with data centre revenue exploding and Blackwell GPUs driving one of the strongest earnings performances in tech history.
Chip giant NVIDIA has reported record quarterly revenue of $57.0 billion for the three months ended 26 October 2025, up 22% from the previous quarter and 62% year-on-year. The growth was driven by surging demand for its AI and data centre products.
Data centre revenue reached an all-time high of $51.2 billion, up 25% quarter-on-quarter and 66% from a year earlier. GAAP gross margin stood at 73.4%, while diluted earnings per share came in at $1.30, up 20% from Q2.
Chief executive Jensen Huang said demand for Blackwell GPUs had exceeded expectations, noting that cloud providers had sold out their allocations. He described AI adoption as entering a “virtuous cycle”, with accelerating workloads across training and inference.
The company continued returning capital to shareholders, distributing $37 billion via buybacks and dividends in the first nine months of fiscal 2026. NVIDIA also confirmed a quarterly dividend of $0.01 per share, payable on 26 December.
Operating income rose to $36 billion, up 27% from the previous quarter. Net income increased to $31.9 billion, a 65% annual rise. NVIDIA ended the quarter with $62.2 billion remaining under its share repurchase authorisation.
The company highlighted significant partnerships, including a deal with OpenAI to deploy at least 10GW of NVIDIA systems. It also announced progress on new AI supercomputers, expanded collaborations with cloud providers, and fresh advances in semiconductor manufacturing through TSMC’s Arizona facility.
Gaming revenue reached $4.3 billion, while professional visualisation hit $760 million. Automotive revenue rose to $592 million, supported by new autonomous and robotics platforms.
For the fourth quarter, NVIDIA expects revenue of around $65 billion, plus or minus 2%. Gross margins are forecast to edge higher to 74.8% on a GAAP basis.
