Nvidia shows strong AI demand as enterprises grapple with ROI

The company sustained its streak of record revenue growth in Q3, propelled by massive AI infrastructure investments from hyperscalers and model developers.

Dive Brief: 

• Soaring demand for AI infrastructure helped Nvidia realize record revenues of $57 billion for the third quarter, up 22% from Q2 and 62% year over year, according to the company’s Q3 2026 earnings call for the period ending Oct. 26. 
• Nvidia said its cloud graphics processing units are sold out as the company’s revenue in the data center segment reached $51.2 billion, a 66% increase year over year.  
• “Compute demand keeps accelerating and compounding across training and inference – each growing exponentially,” Jensen Huang, CEO and founder of Nvidia, said in a Q3 results announcement. “The AI ecosystem is scaling fast – with more new foundation model makers, more AI startups, across more industries, and in more countries.”