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Editor’s note: This story has been updated with additional information.
The company NVIDIA (NASDAQ:NVDA) continued its streak of beating expectations for third-quarter revenue and earnings per share coming in ahead of street estimates on Wednesday.
Nvidia’s key numbers for Q3: Nvidia reported third-quarter revenue of $35.1 billion, up 94% year-over-year, beating the consensus estimate of $33.12 billion, according to data from Benzinga Pro.
The company reported earnings per share of 81 cents, beating the Street consensus estimate of 75 cents per share.
The company has beaten analyst estimates for earnings for nine straight quarters.
The company beat analyst estimates for earnings per share for eight straight quarters.
Analysts and Benzinga readers predicted that Nvidia would meet or exceed expectations for the third quarter ahead of the report.
“What’s your bold prediction for Nvidia’s earnings report on Wednesday?” Benzinga asked the students.
The results were:
-
It meets expectations: 45%
-
Blowout Beat: 42%
-
Missing expectations: 13%
Most Benzinga readers expected the company to meet or beat estimates from analysts. While most readers expect the company to meet estimates, 42% believe the company will beat estimates on Wednesday.
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Nvidia’s Q3 performance by segment: The data center business posted record quarterly revenue in the third quarter.
Here’s a look at revenue performance by operating business segment.
|
Part |
Net worth |
It changes from year to year |
Quarter over quarter change |
|
Data Center |
$30.8 billion |
+112% |
+17% |
|
Games and AI PC |
$3.3 billion |
+15% |
+14% |
|
Professional Visualization |
$486 million |
+17% |
+7% |
|
Default |
$449 million |
+ 72% |
+30% |
“The age of AI is in full swing, driving global innovation at NVIDIA,” Nvidia CEO. Jensen Huang said.
“The need for Hopper and the expectation of Blackwell – in full production – is surprising as the basic modelers measure pre-training, post-training and mean.
Huang said countries are “awakening to the importance” of AI.
“AI is changing every industry, company and country. Businesses are using agent AI to transform workflows. Investments in industrial robots are increasing with advances in virtual AI. “
Nvidia Q4 Outlook: Nvidia said it expects fourth-quarter revenue to be $37.5 billion, or minus 2%.
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