Nvidia Q3 results: Net income soars 65% to $31.9 billion, shares surge after strong Q4 outlook — Key takeaways

Leading chipmaker Nvidia Corp reported its third-quarter earnings for the current fiscal year on 20 November 2025. The company announced $57 billion in revenue, marking a 22% increase from the previous quarter and a substantial 62% year-over-year rise.

Nvidia’s net income increased 65% in the quarter. It rose to $31.91 billion, up from $19.31 billion in the same period last year.

From Nvidia Q4 outlook to share price update, here are the top key takeaways from the chipmaker's earnings announcement —

Nvidia share price

The company's forecast for the fourth quarter is $65 billion in sales, easily surpassing analyst estimates of $62 billion. Following the announcement, Nvidia shares rose 4%. They have now gained 39% this year, Bloomberg reported.

The strong outlook indicates high demand for Nvidia's artificial intelligence accelerators. These are the expensive and powerful chips used to develop AI models. Still, Nvidia has faced growing concerns that the high spending on these chips might not be sustainable.

The earnings and outlook of the chipmaking giant are highly monitored by the tech industry as an indicator of the AI boom's overall health.

Revenue breakdown

Nvidia’s primary data centre division generated $51.2 billion in revenue for the quarter, beating the expected $49.3 billion. Chips for gaming PCs, which were once Nvidia's primary revenue source, generated $4.3 billion, slightly below the estimated $4.4 billion, according to the Bloomberg report.

Update on dividends

In the first nine months of fiscal 2026, Nvidia returned $37.0 billion to shareholders through share repurchases and cash dividends. By the end of the third quarter, the company still had $62.2 billion available under its share repurchase authorisation.

Nvidia will pay its next quarterly cash dividend of $0.01 per share on 26 December 2025, to all shareholders of record on 4 December 2025.

Jensen Huang on Q3 earnings

Commenting on the Q3 performance, Jensen Huang, founder and CEO of Nvidia, said, “Blackwell sales are off the charts, and cloud GPUs are sold out.”

He added, “Compute demand keeps accelerating and compounding across training and inference, each growing exponentially. We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling rapidly with the emergence of new foundation model makers and AI startups across multiple industries and in numerous countries. AI is going everywhere, doing everything, all at once.”

What did Jensen Huang say about AI bubble?

“There’s been a lot of talk about an AI bubble,” Chief Executive Officer Jensen Huang said on a conference call with analysts. “From our vantage point, we see something very different.”

Huang's remarks come amid growing concerns about an AI bubble, a scenario where investor interest or expectations drive the valuation of AI-related companies. This situation arises when expectations for future AI profits inflate stock prices. In case these high expectations are not met, the bubble could burst.

“I don’t believe we’re in an AI bubble,” Huang earlier told Bloomberg Television.