NVIDIA Q3 FY26 Results: AI Dominance Drives $57B Revenue Amid Geographic Shifts

NVIDIA just dropped its latest quarterly report, and the numbers are nothing short of spectacular. As a dominant force in the AI revolution, NVIDIA's performance is often seen as a barometer for the entire tech industry. Let's dive into the details from their Q3 fiscal year 2026 10-Q filing to see what's driving this incredible momentum.

For the quarter ending October 26, 2025, NVIDIA posted a staggering $57.0 billion in revenue, a 62% increase from the same period last year. This translated into a net income of $31.9 billion, or $1.30 per diluted share, representing a 65% jump in profitability year-over-year.

To better understand how NVIDIA generates this income, the following flow diagram breaks down the company's revenues and costs for the quarter.

The Data Center is the Engine Room

The undisputed driver of this growth is the company's Data Center business. This segment, which includes everything from GPUs for training large language models to high-speed networking equipment, has become the heart of NVIDIA's operations.

Key highlights from the quarter include:

• Data Center Revenue: Reached $51.2 billion, up 66% from the prior year. This single market now accounts for nearly 90% of the company's total revenue.
• Graphics Revenue: The segment NVIDIA is traditionally known for also saw strong results, with revenue growing 51% year-over-year to $6.1 billion, driven by sales of its new Blackwell architecture products. This includes the Gaming market, which posted revenue of $4.3 billion.
• Other Markets: Professional Visualization and Automotive also posted solid double-digit growth, at 56% and 32% respectively, but are dwarfed by the scale of the Data Center business.

A Shifting Global Footprint

The filing also reveals a significant shift in where NVIDIA's revenue is coming from. Geopolitical factors, particularly U.S. export controls, are clearly impacting sales.

• United States: Revenue from customers headquartered in the U.S. nearly doubled to $39.2 billion, now making up 69% of the total, up from 56% a year ago.
• China (including Hong Kong): Revenue plummeted to $3.0 billion from $8.1 billion in the same quarter last year.
• Taiwan: While sales to Taiwan-based customers were a strong $13.8 billion, a footnote clarifies the complexity of the global supply chain: NVIDIA estimates that 86% of this revenue is ultimately for end customers located in the U.S. and Europe.

Capitalizing on Success

With soaring profits and cash flow, NVIDIA is actively returning capital to its shareholders. During the quarter, the company repurchased approximately $12.6 billion of its own stock. In a major sign of confidence, the Board of Directors also approved a new $60.0 billion share repurchase authorization in August, leaving over $62 billion available for future buybacks at the end of the quarter.

In conclusion, NVIDIA's latest report paints a picture of a company operating at the peak of its powers, capitalizing on the insatiable demand for AI infrastructure. The growth is almost entirely fueled by its Data Center dominance. However, the stark geographic revenue shift highlights the company's increasing reliance on the U.S. market and its sensitivity to international trade regulations, a key factor for investors to monitor as NVIDIA continues to navigate the dynamic global tech landscape.