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Nvidia Reports Record Revenue
Nvidia (NASDAQ: NVDA) reported a record quarterly revenue of $57 billion for its fiscal third quarter of 2026, a 62% increase year-over-year and a 22% increase from the previous quarter. The company’s data center segment contributed significantly with $51.2 billion in sales, up 66% compared to last year. The gross margin stood at 73.4% and net income was $31.9 billion, reflecting a 65% increase from the prior year.
Nvidia’s CEO, Jensen Huang, noted strong demand for cloud GPUs and a rapidly expanding AI ecosystem. For the fiscal fourth quarter, the company anticipates revenue of $65 billion with margins expected to improve to between 74.8% and 75%.
The stock jumped 4% in after-hours trading following the earnings announcement, with notable increases in other AI-related stocks: Advanced Micro Devices rose 3%, Broadcom increased by 2%, and Palantir Technologies gained 2.5%.
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