Jensen Huang: “Blackwell Sales are Tremendous… Cloud GPUs Sold Out”
Amid concerns about a potential artificial intelligence (AI) bubble, NVIDIA has dispelled fears by posting record-breaking earnings. On the 19th (local time), NVIDIA announced sales of $57.006 billion for the third quarter of the fiscal year (August to October).
This represents a 62% increase compared to the same period last year, surpassing the market forecast of $54.92 billion collected by market research firm LSEG. Earnings per share (EPS) also stood at $1.30, higher than the forecasted $1.25.
Operating profit was $36.001 billion, and net profit was $31.91 billion, each an increase of 65% from the previous year. By business sector, data center revenue hit a record high of $51.215 billion, marking a 66% increase compared to the same period last year.
Gaming revenue was $4.265 billion, a 1% decrease from the previous quarter but a 30% increase from a year ago. Professional visualization revenue rose 56% year-on-year to $760 million. Automotive and robotics revenue reached $692 million, rising 1% from the previous quarter and 32% from a year earlier.
NVIDIA provided a fourth-quarter sales forecast of $65 billion (with a margin of error of ±2%), exceeding market expectations. Jensen Huang, NVIDIA’s CEO, stated, “Sales of Blackwell are rising sharply and cloud GPUs are completely sold out,” adding, “The demand for computing is growing exponentially in learning and inference fields. We have entered the virtuous cycle stage of AI.”