Nvidia Q3 results beat, but guidance underwhelms lofty expectations

Investing.com – Nvidia reported fiscal third-quarter results that topped Wall Street estimates, but its current-quarter guidance underwhelmed lofty investor expectations amid red-hot AI demand.

NVIDIA Corporation (NASDAQ:NVDA) shares fell more than 2% in after-hours trade following the report.

The company announced Q3 earnings per share of $0.81 on revenue of $35.1B. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $33.09B

Data center revenue was $30.8B, up 17% from Q2 and up 112% from a year ago. That compared with estimates for $28.84B.

Looking ahead to Q4, revenue is expected to be $37.5B, plus or minus 2%, compared with estimates of $37.09B.

GAAP gross margins were expected to be 73.0%, plus or minus 50 basis points.

Nvidia’s Blackwell AI chips, which some believe represents the next frontier for the company,  is expected to face supply constrains amid red-hot demand.

“Both Hopper and Blackwell systems have certain supply constraints, and the demand for Blackwell is expected to exceed supply for several quarters in fiscal 2026,” Nvidia said on Wednesday.