Nvidia has sold more AI chips than ever before, surpassing its forecast for third-quarter 2026 earnings. Not only did it generate $57 billion in revenue – and net profits of about $4,000 per second – it grew its data center business by $10 billion in one quarter alone. It reported record earnings of $51.2 billion from that data center business, up 66 percent from the previous year.
A lot of eyes are on Nvidia’s data center revenue right now as a sign for an overall “AI bubble.” Despite fears of a bursting bubble, Nvidia doesn’t expect its data center growth to slow down — its Q4 outlook is for $65 billion, which would require it to increase quarterly revenue by $8 billion in just three more months.
Nvidia CEO Jensen Huang says the company is selling every AI server chip it can make: “Blackwell’s sales are off the charts, and cloud GPUs are sold out.” Nvidia says its Blackwell Ultra chip is playing a big role in this: “Blackwell Ultra is now our leading architecture across all customer categories, while our previous Blackwell architecture has seen continued strong demand.”
Additionally, gaming revenue is up 30 percent year-over-year, which is a good sign for Nvidia’s Blackwell gaming chips, which had a bit of a rocky start earlier this year with some mixed reviews for its RTX 50-series GPUs.
We’re listening to Nvidia’s investor call right now and will update you if we hear additional notable details.