pexels
Following the release of Nvidia's financial results for the third quarter of fiscal year 2026, the company's stock price increased. The results beat analyst expectations, and the company provided positive outlook for the fourth quarter, as reported by CNBC.
The company's revenue rose by 62% compared to the same period last year, reaching a record $57 billion. Its net income increased by 65% to $31.91 billion, and its adjusted earnings per share were $1.30. According to CNBC, analysts predicted revenue of $54.92 billion and earnings per share of $1.25.
Nvidia anticipates revenue of around $65 billion in its fourth fiscal quarter, which is about $3 billion more than what analysts had forecasted. The company also mentioned that its cash flow in the upcoming quarters might be even higher than the projected $500 billion. This positive outlook indicates that demand for Nvidia's AI accelerators continues to be strong.
Recently, there have been concerns in the market that tech firms may not sustain high spending on these high-cost chips for developing AI models. However, Nvidia's CEO, Jensen Huang, pointed out that while there has been much discussion about an AI bubble, the company is observing a "very different" situation.
source: cnbc.com
The company's revenue rose by 62% compared to the same period last year, reaching a record $57 billion. Its net income increased by 65% to $31.91 billion, and its adjusted earnings per share were $1.30. According to CNBC, analysts predicted revenue of $54.92 billion and earnings per share of $1.25.
Nvidia anticipates revenue of around $65 billion in its fourth fiscal quarter, which is about $3 billion more than what analysts had forecasted. The company also mentioned that its cash flow in the upcoming quarters might be even higher than the projected $500 billion. This positive outlook indicates that demand for Nvidia's AI accelerators continues to be strong.
Recently, there have been concerns in the market that tech firms may not sustain high spending on these high-cost chips for developing AI models. However, Nvidia's CEO, Jensen Huang, pointed out that while there has been much discussion about an AI bubble, the company is observing a "very different" situation.
source: cnbc.com
