Nvidia Earnings Live Updates: Stock Falls After Q3 Revenue, EPS Beats

• Nvidia reported third-quarter earnings on Wednesday.
• The chipmaking giant reported revenue and earnings per share that beat consensus estimates.
• Nvidia stock fell 2% in volatile after-hours trading ahead of its 5 p.m. ET call with analysts.

Nvidia reported third-quarter earnings on Wednesday after the closing bell.

The company reported revenue for the period of $35.08 billion, beating the consensus analyst estimate of $33.25 billion.

Nvidia also forecast fourth-quarter sales of $37.5 billion, plus or minus 2%, lining up with estimates of $37.1 billion.

The chipmaking giant said production for its Blackwell chip — its follow-up to the wildly popular Hopper chip favored by many Big Tech companies — will continue ramping up into fiscal 2026.

“Demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference,” Nvidia CEO Jensen Huang said in the earnings release.

Nvidia CFO Colette Kress said that demand for Blackwell “is expected to exceed supply for several quarters in fiscal 2026.”

Nvidia’s stock fell 2% in volatile after-hours trading shortly after the results. The stock dropped 1% during regular trading on Wednesday, though it is up 194% so far in 2024.