NVIDIA Corp. (NVDA) reported strong third-quarter fiscal 2026 earnings, with adjusted earnings per share of $1.30, surpassing estimates and the year-ago figure. Revenues reached $57.01 billion, exceeding expectations and marking a 62.5% year-over-year increase.

Data center revenues surged, with a 66% increase driven by higher shipments of Blackwell GPU computing platforms. CEO Jensen Huang highlighted strong Blackwell sales, while CFO Colette Kress noted Blackwell Ultra’s success across customer categories.

NVIDIA announced innovation plans for Rubin Next in 2027 and Feynman AI chips in 2028. Major clients, including Microsoft, Alphabet, Meta Platforms, and Amazon, plan to invest $380 billion in AI infrastructure development in 2025.

Automotive revenues rose 31.9% in Q3, with a focus on advanced driver-assistance systems and autonomous vehicles. Gaming business sales reached $4.27 billion, and NVDA expects automotive segment revenue to exceed $5 billion in fiscal 2026.

NVIDIA stock shows strong fundamentals with an ROE of 108%, forward P/E of 41.4%, and expected revenue and earnings growth rates of 36.1% and 43.9%, respectively, for next year. The stock has a Zacks Rank #2 (Buy) and a positive outlook for short-term growth.

NVIDIA has provided a 34.5% return year to date, with a short-term average price target representing a 32.3% increase from the last closing price. The stock is expected to see solid near-term upside based on its potential in the AI revolution and strong guidance.

Read more at Nasdaq: Should You Buy NVIDIA After Solid Q3 2026 Results and Guidance?