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The biggest names in semiconductors, housing, and retail are all putting up numbers this week. This is Motley Fool Money. Tyler Crowe Welcome to Motley Fool Money! I'm Tyler Crowe, and today I'm joined by longtime Fool contributors, Matt Frankel and John Quast.
We're going to talk about earnings and more earnings and more earnings, because we had Walmart, we had Lowe's, we had Home Depot, we had Target, we had a whole bunch of other companies. We normally do stocks on a radar, but frankly, we just didn't even have time this week. But we're going to start with the biggest company in the world reporting earnings, and that's Nvidia.
It would almost be malpractice if we didn't talk about it. It's a $4.4 trillion company. It reported earnings yesterday and delivered another quarter of, frankly, in my opinion, hard-to-believe earnings. I'm still wrapping my head around the idea that a company of this size getting $185 billion in annualized earnings is still putting up 65% year-over-year revenue growth.
It's just blowing my mind at this point. All of it's surprising. I'm sure you guys had surprises as well. I want to go around the room here and see what were your biggest takeaways from this earnings report.
Tyler, these are big numbers. You look at the trailing 12-month revenue, it's up 65% from the comparable trailing 12-month revenue. That's a huge growth rate. It expects 65% revenue growth rate in the next quarter, so fiscal fourth quarter. At this scale, that's almost incomprehensible. But here's the quote from CFO Colette Kress.
We currently have visibility to half a trillion in Blackwell and Rubin revenue from the start of this year through the end of calendar year 2026. So, basically, according to this quote, 11 months of that, it's already in the book, so we're looking at the next 13 months.
If this is correct, and this isn't orders, this isn't revenue in the bag, but this is visibility, it's implying roughly $300 billion in data center revenue in calendar 2026, so next year. That's an ongoing incredible growth rate. Astronomically large, incomprehensible growth rate at this scale. And that's keeping its margins high right now at 63% operating margin in Q3.
I don't know if we've ever seen anything like this.
For me, and I'm glad John brought up a quote from their management, because for me also, the biggest takeaways might be qualitative, not quantitative. For example, Jensen Huang said that the cloud GPUs that Nvidia makes, John mentioned a couple of their products, are essentially, quote, sold out, and that compute demand keeps accelerating and compounding across training and inference.
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