The American manufacturer of microchips and graphics cards NVIDIA achieved in its third fiscal quarter, ended in October, a net profit of 19,309 million dollars, A figure that represents a 109% increase in profits from the same quarter of the previous year, as reported by the technology company.
Nvidia’s revenue between August and October totaled a record of $35,082 million, 93.6% more than a year before, which represents a new slowdown with respect to year-on-year growth of the multinational’s sales from 122% in the previous quarter, as well as 262% in the first quarter of the current fiscal year and compared to the 265% increase observed in the last quarter of the previous fiscal year.
Nvidia’s data center business revenue in the third quarter grew 112% year-on-year and 17% quarterly, up to 30,771 million dollars, while the games and AI area brought in 3,279 million dollars, 15% more than a year before and 14% more compared to the second quarter.
In such a way, In the first nine months of its fiscal year Nvidia obtained a net profit of 50,789 million dollars which implies an improvement of 190.6% over the same period of the previous year, while revenues totaled 91,166 million dollars (86,134 million euros), 134.8% more.
“The AI era is in full swing, driving a global shift toward Nvidia computing,” said Jensen Huang, founder and CEO of the company, who called as “incredible” the demand for the AI superchips ‘Hopper’ and ‘Blackwell’, in full production.
“AI is transforming every industry, company and country,” added the executive, adding that investments in industrial robotics are increasing with advances in physical AI “and countries have realized the importance of developing their AI and national infrastructure”.
However, Nvidia CFO Colette Kress has noted that shipments of Blackwell chips are scheduled to begin in the current quarter and will increase in the next year, after recognizing that like the Hoppers they have certain supply limitations.
The first reaction of the market after knowing the results was a drop of 4.46% initial that has later been qualified to cuts in the afterhours of half a percentage point.