Nvidia reports strong Q3 earnings, forecasts positive Q4 results, and future growth with Blackwell chip

From CNBC: 2024-11-20 12:00:01

Nvidia CEO Jensen Huang unveils supercomputer Gefion in Denmark. The company reports Q3 earnings with expectations of $33.16 billion in revenue and 75 cents EPS. Investors keen on Q4 forecast of 82 cents EPS and $37.08 billion in sales. Future growth relies on Blackwell chip for data centers, shipped to Microsoft, Google, and Oracle.

CEO Jensen Huang’s comments on Blackwell chip demand crucial for investors. Reports of overheating issues with Blackwell systems may be addressed. Nvidia expected “several billion” in Blackwell sales in January quarter. Since 2024, Nvidia stock has nearly tripled, with a 122% sales growth in the latest quarter, a slowdown from previous 262% and 265% growth.



Read more at CNBC:: Nvidia (NVDA) earnings report Q3 2025