Nvidia's Q3 revenue is 35 billion
Nvidia's financial report shows that Nvidia's Q3 revenue was $35.08 billion, a year-on-year increase of 94%, exceeding analysts' expectations of $33.1 billion; under GAAP rules, net profit was $19.309 billion, a year-on-year increase of 109%, also higher than the market expectation of $17.4 billion; adjusted earnings per share was $0.81 (non-GAAP rules), higher than the market expectation of $0.74.
In terms of specific business, Nvidia's Q3 data center business revenue was $30.8 billion, exceeding the market expectation of $28.82 billion. This part of the business contributed most of Nvidia's revenue and included the AI chips that the market paid the most attention to. The gaming business had Q3 revenue of $3.28 billion, which was expected by analysts to be $3.03 billion; the graphics workstation chip and automotive chip had Q3 revenue of $486 million and $449 million, respectively.
Compared with the revenue and net profit data, the market is more concerned about Nvidia's Blackwell chip.
According to reports, analysts have been closely watching the impact of Nvidia's new generation chip Blackwell launched earlier this year on short-term revenue growth and whether the chip encounters any technical problems during large-scale application.
According to the latest reports from foreign media, the Blackwell chip has encountered overheating problems in servers. Earlier this year, the chip had already faced production problems. Nvidia's CEO said in a statement that the Blackwell chip is now in full production and customers are looking forward to it, while demand for the previous generation chip Hopper remains strong.
It is also worth noting that the overall revenue growth rate continued to slow down, with a year-on-year increase of 94% in the quarter, failing to achieve the triple-digit growth that has appeared many times in previous quarters.
Nvidia expects its fourth-quarter revenue to be US$37.5 billion, higher than the average analyst expectation of US$37.1 billion, however, the highest expectation can reach US$41 billion.
Nvidia CEO said: "The era of artificial intelligence is in full swing, driving the world's shift to Nvidia computing. As basic model creators expand the scale of pre-training, post-training and inference, there is a demand for Nvidia's next-generation GPU architecture Hopper and expectations for the full production of Blackwell." In addition, Nvidia CFO said that the company sent 13,000 Blackwell samples to customers in the third fiscal quarter. Each customer is competing to be the first to deploy Blackwell, and in the fourth fiscal quarter, it is expected to exceed the previous estimate of Blackwell revenue of billions of dollars.
