"NVIDIA guided for $65 billion in Q4 FY2026 revenue, plus or minus 2%, alongside its Q3 results in November 2025. Management said demand for AI infrastructure 'continues to exceed our expectations' and noted that 'the clouds are sold out'. The midpoint outlook implies 14% sequential growth driven by continued momentum in the Blackwell architecture."
"If cloud capacity is effectively spoken for, growth is no longer about convincing customers to buy Blackwell. It becomes about how fast NVIDIA and its partners can build and deploy new AI factories. That shifts the story from chip demand to infrastructure expansion - and puts networking, system integration, and next-generation architectures at the center of the next leg of growth."
"The $65 billion figure reflects the accelerating commercial ramp of Blackwell, the GPU architecture that drove $51.2 billion in Data Center revenue during Q3 - 89.8% of total Q3 revenue. Within that segment, networking revenue alone grew 162% year over year, signaling that demand extends well beyond compute chips into the full AI infrastructure stack."
NVIDIA provided Q4 FY2026 revenue guidance of $65 billion, plus or minus 2%, representing a range of $63.7 billion to $66.3 billion. Management reported that demand for AI infrastructure continues to exceed expectations and noted that cloud capacity is sold out. The midpoint guidance implies 14% sequential growth driven by Blackwell architecture momentum. With cloud capacity effectively spoken for, growth dynamics have shifted from convincing customers to purchase Blackwell chips to how rapidly NVIDIA and partners can build and deploy new AI factories. This transition emphasizes infrastructure expansion, networking, system integration, and next-generation architectures as primary growth drivers. Data Center revenue reached $51.2 billion in Q3, representing 89.8% of total revenue, with networking revenue growing 162% year over year.
Read at 24/7 Wall St.
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