Q3 2026 NVIDIA Corp Earnings Call Transcript
Key Points
- NVIDIA Corp (NVDA) reported a record revenue of $57 billion for the third quarter, marking a 62% increase year over year.
- The company achieved a record sequential revenue growth of $10 billion, or 22%, driven by strong demand for AI infrastructure.
- Data center revenue reached a record $51 billion, up 66% year over year, highlighting the company's strength in AI and accelerated computing.
- NVIDIA's partnerships with major companies like Meta, OpenAI, and Anthropic are driving significant growth and adoption of their AI technologies.
- The company is strategically investing in AI infrastructure projects, including a partnership with AWS and HUMAIN to deploy up to 150,000 AI accelerators.
- Geopolitical issues and competitive market conditions in China have impacted NVIDIA's ability to ship competitive data center compute products to the region.
- The company faces rising input costs, which could pressure gross margins despite efforts to maintain them in the mid-70s.
- Inventory levels grew by 32% quarter over quarter, indicating potential challenges in managing supply and demand.
- NVIDIA's reliance on a complex global supply chain poses risks, especially as the company scales its operations.
- The company is not assuming any data center compute revenue from China for the fourth quarter, which could impact future growth projections.
Good afternoon. My name is [Sarah]. I will be your conference operator today.
At this time, I would like to welcome everyone to NVIDIA's third-quarter earnings call.
(Operator Instructions) Thank you.
Toshiya Hari, you may begin your conference.
Thank you. Good afternoon, everyone. Welcome to NVIDIA's conference call for the third quarter of fiscal 2026.
With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer; and Colette Kress, Executive Vice President and Chief Financial Officer.
I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the fourth quarter of fiscal 2026.
The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent.
During this call, we may make forward-looking
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