Nvidia designs the graphics chips (GPUs) that power most of the world's AI — plus gaming graphics cards and data-center hardware.
NVIDIA Corporation (NVDA) reported Q3 FY26 results on August 26, 2026. Earnings per share came in at $2.22 against a $2.09 consensus, so the company beat on the bottom line. Revenue of $96.22B landed above the $92.27B estimate. NVDA has beaten consensus EPS in 8 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
President and Chief Executive Officer: “In Q2, Meta reported over a 5% increase in ad conversions on Instagram and a 3% gain on the Facebook feed driven by generative AI-based GEMMA.”
Analyst, Morgan Stanley: “You talked about the $500 billion of revenue for Blackwell plus Rubin for 2025 and 2026 at GTC.”
Executive Vice President and Chief Financial Officer: “We are working into our $500 billion forecast, and we are on track for that as we have finished some of the quarters.”
Analyst, Cantor Fitzgerald: “So the question is this: when you look at that as the backdrop, do you see a realistic path for supply to catch up with demand over the next twelve to eighteen months, or do you think it can extend beyond that timeframe?”
Analyst, Bank of America Securities: “I'm curious what you're making of content per gigawatt in that $500 billion number, because we have heard numbers as low as $25 billion per gigawatt to as high as $30 or $40 billion per gigawatt.”
What moved the stock
Nvidia beat on both lines for fiscal Q3, with EPS of $2.22 against the $2.09 consensus and revenue of $96.2B versus $92.3B expected, a 4.3% top-line beat. Post-print coverage has centered on how much of the market's advance now rests on Nvidia and Microsoft alone, along with elevated insider selling, keeping the debate between AI-buildout bulls and skeptics very much alive.