NVIDIA’s shares ticked up 1.2% to $255 on NASDAQ after the company announced Q3 revenue of $26.0 B, a 22% jump year‑over‑year, and net profit of $10.3 B, up 30% YoY. EPS of $9.88 beat the consensus $9.50, and the company lifted its quarterly guidance for Q4 to $27.5 B in sales.
Analyst estimates had hovered at $25.8 B for revenue and $9.50 for EPS; NVIDIA’s actuals surpassed expectations by $0.2 B and $0.38, respectively, translating into a 1% upside for the stock at the time of release. The company’s margin expansion was noted by analysts who cited a 27% gross margin, up from 25% in the prior quarter.
The AI‑chip boom continues to lift the broader semiconductor index; AMD’s shares edged 0.5% higher while the MSCI World Semiconductor Index gained 1.8% on the day. Investors saw NVIDIA’s performance as a benchmark for the sector, reinforcing the narrative that demand for AI inference hardware remains strong.
Looking ahead, NVIDIA will present its Q4 guidance on October 29. Management has hinted at continued growth in data‑center sales, while the company’s AI platform, Omniverse, is expected to drive additional revenue streams. The market is poised to react to these cues, with options activity on the NVIDIA ticker increasing by 12% in the past week.