NVIDIA Corporation (NVDA) reported a 62% year-over-year revenue increase to $57 billion for the third quarter of fiscal 2026, driven by its dominant position in the AI chip market and robust demand for its data center products. The data center segment alone generated $51.22 billion in revenues, accounting for nearly 90% of total sales, with a staggering 66% year-over-year growth.
Applied Materials, Inc. (AMAT) experienced a decline in revenues and non-GAAP EPS by 3% and 6%, respectively, in its most recent quarter. The company is focused on expanding its semiconductor fabrication equipment business, expecting industry growth in DRAM and NAND products. However, it faces challenges due to U.S.-China tensions affecting its market in China, which is critical to its revenue stream.
NVIDIA’s strong growth projections contrast with Applied Materials’ modest expectations, with NVDA anticipated to achieve a revenue surge of 62% and 55.2% increase in earnings per share for fiscal 2026, while AMAT expects only 2% revenue growth and 1.4% EPS increase over the same period.
