Nvidia Corp., the AI chip maker at the center of a seven-month-long market rally, reported revenue soared 62% from a year ago to a record $57 billion in its latest quarter, soothing market nerves.
Revenue soared 62% to $57 billion from $35.1 billion, net income advanced 65% to $31.9 billion from $19.3 billion, and diluted earnings per share jumped to $1.30 from 78 cents a year ago.
Data-center segment revenue soared to a record $51.2 billion, up 25% from the previous quarter and up 66% from a year ago.
During the first nine months of fiscal 2026, the company returned $37 billion to shareholders in the form of shares repurchased and cash dividends.
The company had $62.2 billion remaining under its share repurchase authorization at the end of the fiscal third quarter.
The company's current-quarter revenue guidance exceeded market expectations, easing worries that surging valuations were ahead of fundamentals.
The company estimated revenue in the fiscal fourth quarter of $65 billion, plus or minus 2%, and earlier the company announced a strategic partnership with
OpenAI to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation AI infrastructure.
Nvidia's strong revenue growth eased market worries that the race to build data centers could slow down in the near future, after CEO Jensen Huang said that demand for its Blackwell chips is "off the charts."
Following Nvidia's stronger-than-expected quarterly results and outlook, AI supply chain-driven stocks rallied in Japan, South Korea, and Taiwan.
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