NVIDIA Q3 Financial Report: Revenue of $35.10 billion, a 17% quarter-over-quarter increase, and net profit of $19.31 billion, a 109% year-over-year increase.

According to TechFlow news on November 21, citing Jin10 data, NVIDIA released its third-quarter financial report for the fiscal year 2024, with revenue reaching $35.10 billion, a quarter-over-quarter increase of 17%. The net profit was $19.31 billion, a year-on-year increase of 109%, both exceeding market expectations. Among them, the revenue from the data center business reached $30.80 billion, a year-on-year increase of 112%; gaming business revenue was $3.30 billion. The company expects fourth-quarter revenue to reach $37.50 billion, indicating strong demand for its next-generation AI chips from clients such as Microsoft, Google, Meta, and xAI. The company plans to start mass production of the Blackwell series products in the fourth quarter of fiscal year 2025, but expects to face a supply-demand imbalance in fiscal year 2026. Due to overly high investor expectations, NVIDIA's stock price dropped by 5% in after-hours trading following the release of the financial report.