Nvidia Doubles Data Center Revenue Amid Blackwell GPU Anticipation

Jensen Huang, Nvidia’s CEO and co-founder, says demand for the AI computing giant’s Hopper-based GPUs and anticipation for its recently launched Blackwell GPUs ‘are incredible as foundation model makers scale pretraining, post-training and inference.’

Nvidia said revenue in its third quarter nearly doubled, growing 94 percent year-over-year to $35.1 billion and beating Wall Street’s expectations by a couple billion dollars.

The Santa Clara, Calif.-based company also said in its Wednesday earnings release that revenue for the third quarter of its 2025 fiscal year, which wrapped up at the end of October, was 17 percent higher than the previous three-month period. It also reported diluted earnings per share of 81 cents, up 19 percent sequentially and up 103 percent year-over-year.

The largest contributor of third-quarter revenue was Nvidia’s data center business, which more than doubled, increasing by 112 percent year-over-year to $30.8 billion. This also marked a 17 percent increase from the previous quarter.

Nvidia estimates that fourth-quarter revenue will come out to roughly $37.5 billion, which would represent a 6.8 percent sequential increase and a nearly 70 percent year-over-year increase.

Jensen Huang, Nvidia’s CEO and co-founder, said demand for the AI computing giant’s Hopper-based GPUs and anticipation for its recently launched Blackwell GPUs “are incredible as foundation model makers scale pretraining, post-training and inference.”

“The age of AI is in full steam, propelling a global shift to Nvidia computing,” he added.

The company beat Wall Street’s expectations on revenue by nearly $2 billion while exceeding the average analyst estimate for earnings per share by 6 cents. However, its fourth-quarter revenue estimate was only slightly higher than what Wall Street analysts have been anticipating.

Nvidia’s stock price was down by almost 2 percent in after-hours trading.