NVIDIA Corporation NVDA

Q3 FY2026 投资简报
2025-11-19 · ASTRO RESEARCH

01 · 损益表

季度指标

指标 Q3 FY2026 Q2 FY2026 Q/Q Q3 FY2025 Y/Y
营收 Revenue $57,006M $46,743M +22% $35,082M +62%
毛利率 Gross Margin (GAAP) 73.4% 72.4% +1.0 ppt 74.6% -1.2 ppt
毛利率 Gross Margin (Non-GAAP) 73.6% N/A
研发费用 R&D $4,705M $4,291M +10% $3,390M +39%
销售及管理 SG&A $1,134M $1,122M +1% $897M +26%
折旧摊销 D&A $752M $669M +12% $478M +57%
股权激励 SBC $1,655M $1,624M +2% $1,252M +32%
营业利润 Operating Income (GAAP) $36,010M $28,440M +27% $21,869M +65%
利息费用 Interest Expense $61M $62M -2% $61M +0%
净利润 Net Income (GAAP) $31,910M $26,422M +21% $19,309M +65%
净利润 Net Income (Non-GAAP) $31,767M N/A

补充指标

指标 Q3 FY2026 Q2 FY2026 Q/Q Q3 FY2025 Y/Y
每股收益 EPS (GAAP) $1.30 $1.08 +20% $0.78 +67%
每股收益 EPS (Non-GAAP) $1.30 N/A
稀释股数 Diluted Shares 24,483M 24,532M -0% 24,774M -1%
实际税率 Effective Tax Rate N/A 15.3% 13.5%

end_market

板块 收入 占比 QoQ YoY
Data Center $51,200M 89.8% +25% +66%
Gaming $4,300M 7.5% +0% +31%
Professional Visualization $760M 1.3% +26% +56%
Automotive $592M 1.0% +1% +32%

OEM & Other 未单独披露;残差 ~$154M vs 总收入 $57,006M

geography

本filing未披露

customer

本filing未披露

02 · 资产负债表

现金及等价物
Cash & Equivalents
$60,608M
总债务
Total Debt
$8,467M
股东权益
Shareholders' Equity
N/A

03 · 现金流量表

本季度数据

经营现金流
Operating Cash Flow
$23,750M
资本开支
CapEx
$1,637M
自由现金流
Free Cash Flow
$22,089M
股票回购
Share Buyback
N/A
债务偿还
Debt Repayments
N/A

04 · 动态指标

指标 Q3 FY2026 Q2 FY2026 变化
暂无动态指标配置

06 · 管理层观点

"Blackwell 销售火爆,云 GPU 供不应求。训练和推理的计算需求持续加速和复合增长——两者都在指数级扩展。我们已进入 AI 的良性循环。AI 生态系统正在快速扩展——更多新基础模型开发者、更多 AI 初创公司、覆盖更多行业、遍及更多国家。AI 无处不在,无所不能,同时发生。" — Jensen Huang, NVIDIA Corporation

07 · 其他补充数据

指引指标(未注册)

暂无数据

动态指标(未注册)

指标数值备注
shareholder_returns_9m $37.0B FY2026 前三季度股东回报总计 $37.0B(回购+股息)
buyback_authorization_remaining $62.2B Q3 末剩余回购授权额度
nine_month_revenue $147,811M FY2026 前三季度累计收入 $147.8B(去年同期 $91.2B,同比+62%)
nine_month_fcf $61,675M FY2026 前三季度自由现金流 $61.7B
h20_charges_note insignificant in Q3 H20 charges/(releases) net: Q1 $4.5B, Q2 ($180M), Q3 insignificant