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NVIDIA (NVDA) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 19, 2025
NVIDIA (NVDA) reported revenue of $57.0B for the third quarter fiscal 2026 (Q3 FY26), +62% from a year earlier and +22% from the quarter before. Operating margin was 63.2%, net earnings $31.9B (56.0% of revenue).
NVIDIA, Q3 FY26: revenue $57.0B (+62% year over year), operating margin 63.2%, net earnings $31.9B, operating cash flow $23.8B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.0B | +22% | +62% |
| Gross profit | $41.8B | +24% | +60% |
| Operating profit | $36.0B | +27% | +65% |
| Net earnings | $31.9B | +21% | +65% |
| Operating cash flow | $23.8B | +55% | +35% |
| Free cash flow | $22.1B | +64% | +32% |
What changed
Revenue was $57.0B in Q3 FY26, up 62% year over year and up 22% from the previous quarter. Compute was the largest line at 75% of revenue. Compute added $15.4B year over year (up 56%), 70% of the total change.
Gross margin was 73.4%, down 1.1 points from a year earlier. Operating profit was $36.0B, a 63.2% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 65% reached operating profit, above the 62% margin then. Operating expenses grew 36% against revenue growth of 62%. The fastest-growing cost line was Research & development (+39%). Net earnings were $31.9B, up 65% year over year. The effective tax rate was 15.9%.
Operating cash flow was $23.8B (up 35% year over year), 74% of net earnings. Non-cash charges added back $0.75B of depreciation and amortization and $1.7B of share-based compensation. Working capital and other items used $10.6B. Capital expenditures of $1.6B left free cash flow of $22.1B.
Questions
What was NVIDIA's revenue in the third quarter fiscal 2026?
NVIDIA (NVDA) reported revenue of $57.0B for the third quarter fiscal 2026 (Q3 FY26), +62% from a year earlier and +22% from the quarter before.
Was NVIDIA profitable in the third quarter fiscal 2026?
Operating profit was $36.0B (63.2% of revenue) and net earnings $31.9B.
Source: NVIDIA 10-Q on SEC EDGAR.