Nvidia reports record $57bn quarterly revenue in Q3 FY2026

Nvidia reported revenue of $57.0 billion for its fiscal third quarter, up 22% from the previous quarter and 62% from a year earlier. Data-centre revenue, the segment covering the GPUs that power AI training and inference, reached a record $51.2 billion, up 66% year on year. Chief executive Jensen Huang said “Blackwell sales are off the charts, and cloud GPUs are sold out,” describing compute demand as accelerating across both training and inference workloads.

The results landed in the same week as two developments that cut against the unqualified strength of the headline numbers: Michael Burry’s disclosed short position against Nvidia, and Nvidia’s own SEC filing acknowledging no guarantee that its $100 billion pact with OpenAI would be finalised. Taken together, the week captured the two competing readings of the AI infrastructure buildout current at the time — record, verifiable revenue and demand that Nvidia’s own management described as still accelerating, set against warnings that much of the spending underpinning that demand rested on interlocking, non-binding commitments between a small number of companies rather than diversified end-customer revenue.

Nvidia’s results were audited financial disclosures rather than projections, making the revenue and growth figures among the more solidly evidenced data points in a debate that was, on the demand side, otherwise argued largely from projected rather than realised figures.