Nvidia counters AI bubble fears as its Q3 earnings report reveals record-breaking revenue; check global tech giant’s expectations as it forecasts 14% revenue jump in Q4; here’s what you need to know

Nvidia Earnings Report: Nvidia, an AI chipmaker and a global tech giant, has released its earnings report for the third quarter of the fiscal year 2026, reporting record revenue for the third quarter ended October 26, 2025, of $57.0 billion, up 22% from the previous quarter and up 62% from a year ago.

For the quarter, GAAP and non-GAAP gross margins were 73.4% and 73.6%, respectively. Besides announcing the Q3 results, the AI chipmaker has also revealed its projections for the fourth quarter of fiscal 2026. The tech giant has expected revenue of $65.0 billion, plus or minus 2%. GAAP and non-GAAP gross margins are projected at 74.8% and 75.0%, respectively, plus or minus 50 basis points.

GAAP operating expenses are expected to be approximately $6.7 billion, while non-GAAP operating expenses are projected at $5.0 billion, the company said in its press release. GAAP and non-GAAP other income and expense are both expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly held equity securities.


The record-breaking results come amid increasing talk among Wall Street analysts of an AI bubble, with all eyes on how Nvidia, the industry's bellwether company, will weather the doubts. Nvidia reported a profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 3 percent.


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It also took in some 60 percent more money in the quarter than it did during the same period the prior year, according to earnings figures. The company also expects GAAP and non-GAAP tax rates of 17.0%, plus or minus 1%, excluding any discrete items. Nvidia was valued at more than $4.5 trillion based on the number of outstanding shares.