Nvidia (NVDA) has once again delivered a powerful “beat-and-raise” quarter, reporting a record-breaking $57 billion in Q3 revenue that far surpassed Wall Street estimates. The 62% year-over-year growth was driven by unprecedented demand for its AI platforms, particularly the new Blackwell architecture, which is ramping up at full speed. The company’s exceptional performance and a stronger-than-expected forecast for the next quarter have fuelled a bullish response from analysts, with major investment banks raising their price targets.
● Total Revenue: $57 billion, a 62% increase year-over-year (YoY).
A 62% YoY increase at this scale shows that the demand for Nvidia’s products is not just strong but accelerating at a high rate. It confirms that the company’s technology is at the heart of the global AI build-out and its sales are expanding far faster than the overall tech market.
● Data Centre Revenue: $51.2 billion
It shows that the data centre segment now accounts for 90% of the company’s total revenue, proving that Nvidia has successfully transformed into an AI-first company.
● Earnings Per Share (EPS): $1.30, a 60% increase YoY
EPS grew 60%, nearly in line with the 62% revenue growth, demonstrating profitability even while investing heavily in search and development (R&D). It shows that the company is not just growing, but doing so in a highly efficient and profitable manner, delivering substantial value directly to its shareholders.
● Free Cash Flow: $22.1 billion.
This is the cash generated by the company’s operations after paying for all its capital expenditures. Generating over $22 billion in cash in a single quarter is a sign of financial strength. It means Nvidia is a cash-generating machine, providing it with immense financial flexibility to fund massive share buybacks, invest in moonshot R&D projects and make strategic acquisitions without needing to take on debt.
The rapid adoption of the new Blackwell Ultra architecture across all customer segments was central to this performance, validating Nvidia’s technical lead and execution capability as data centre revenue surged to $43 billion and networking revenue reached $8.2 billion, positioning Nvidia as the largest networking business globally. Analysts responded decisively to this momentum, with major institutions such as Goldman Sachs and JPMorgan lifting their 12-month price targets to around $250, while investor confidence strengthened further as Cathie Wood’s ARK Innovation ETF resumed buying Nvidia stocks for the first time since August.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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