Nvidia Reports Strong Revenue Growth of $35.1 Billion in the AI Era

World's largest company Nvidia reported strong results for its third quarter, which ended on October 27, at $35.1 billion, up 17 per cent from the previous quarter and up 94 per cent from a year ago. Nvidia has been a leader in AI, making it the most valuable company in the world with a market capitalisation of over $3.6 trillion.

"The age of AI is in full steam, propelling a global shift to Nvidia computing. Demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference," Jensen Huang, founder and CEO of Nvidia said.

Although the company's revenue at the third quarter reached a 94 percent increase, this still falls for the fourth consecutive quarter that has started by growing 122 per cent, 262 per cent and 265 per cent in the first three quarters. In the fourth quarter, Nvidia is foreseeing sales to amount to $37.5 billion plus minus 2 per cent.

Nvidia declared next quarterly cash dividend of $0.01 per share which will be paid to all shareholders on December 27.

"To every industry, company, and country, AI is changing everything. Enterprises are embracing agentic AI to transform the way work gets done. Industrial robotics investments are exploding as breakthroughs in physical AI unfold. And nations have arisen, recognizing the imperative for developing their national AI and infrastructure," Huang said.

Shares in the graphics chip giant closed marginally low at $145.89 on Wednesday, US time.

Data centre revenue was a record $30.8 billion, up 17 per cent from the previous quarter and up 112 per cent from a year ago.

The gaming and AI PC revenue was $3.3 billion, up 14 per cent from the previous quarter and up 15 per cent from a year ago, said the company.

Automotive and robotics revenue was $449 million, a 30 per cent increase from the last quarter, and up 72 percent from a year ago.