3-Ingredient Peanut Butter Hot Fudge

3-Ingredient Peanut Butter Hot Fudge-you only need three ingredients to make this peanut butter hot fudge sauce. It is great drizzled on ice cream, cake, brownies, or fruit. 

3-Ingredient Peanut Butter Hot Fudge Recipe

Ice cream has always been a staple dessert in our family and during the summer months our freezer is stocked. So stocked that every time I open the freezer, ice cream falls out. Maxwell giggles every time it happens because I scream. I guess the saying is true, “I scream, you scream, we all scream for ice cream!

I also keep a lot of yummy toppings on hand to go with our ice cream. Some of our favorites include: sprinkles, nuts, chocolate chips, fruit, chopped up candy bars, salted caramel sauce, and hot fudge.


My current obsession is this 3-Ingredient Peanut Butter Hot Fudge. It is the BEST ice cream topping!

3-Ingredient Peanut Butter Hot Fudge Recipe

I have always been a hot fudge fan, but this easy 3-Ingredient Hot Fudge Sauce is my FAVORITE! The peanut butter and chocolate combo is dreamy!

3-Ingredient Peanut Butter Hot Fudge Sauce Recipe

And the best part? You can make it in under ten minutes and you only need three ingredients. I make it in the microwave so you don’t even have to turn on the stove, which is a big time bonus during the hot summer months.

It sounds too good to be true, huh? Well, get out some sweetened condensed milk, chocolate chips, and peanut butter and see for yourself. Don’t blame me if you end up in a chocolate peanut butter coma. I guarantee you won’t be able to stop licking the spoon.

3-Ingredient Peanut Butter Hot Fudge Recipe

Try to save some to spoon over your favorite ice cream for the perfect summer dessert. Or you can drizzle it over cake, brownies, cupcakes, or fruit. Banana slices with peanut butter hot fudge, just do it. You can thank me later. And if you need an easy dessert to take to a party, make this peanut butter hot fudge and pick up some ice cream. Everyone will be thanking YOU!

Up your ice cream game this summer by adding 3-ingredient Peanut Butter Hot Fudge Sauce to the mix. It is all kinds of wonderful. And make sure you come back on Monday to see what dessert I made with this easy hot fudge sauce. Trust me, you DON’T want to miss it!

3-Ingredient Peanut Butter Hot Fudge Recipe

3-Ingredient Peanut Butter Hot Fudge

Did you make this recipe? Leave a review »

This easy hot fudge sauce is great drizzled on ice cream, cake, brownies, cupcakes, or fruit!

Yield: Serves 12

Prep Time: 5 minutes

Cook Time: 2 minutes

Total Time: 7 minutes


  • 1 1/2 cups semi-sweet chocolate chips
  • 1 can (14 oz) sweetened condensed milk
  • 1/3 cup creamy peanut butter


  1. In a microwave-safe bowl, combine the chocolate chips, sweetened condensed milk, and peanut butter. Microwave for 1 minute. Remove from microwave and stir until hot fudge sauce is creamy and smooth. If the sauce is still a little lumpy, microwave for 15 more seconds. Remove from the microwave and stir again. The sauce will be thick. If it is too thick for your liking, you can add 2 tablespoons of hot water. Serve the hot fudge warm over ice cream, frozen yogurt, cake, pie, or brownies.

Note-you can make the hot fudge on the stovetop. Heat in a saucepan and stir until creamy and smooth. Again, add a little hot water if the sauce is too thick, but note it should be thick! Store hot fudge in the fridge for up to 2 weeks. Reheat in the microwave for 15 to 30 seconds and stir.

All images and text ©.

Follow twopeasandpod on Instagram and show us what recipes you are making from our blog! Use the hashtag #twopeasandtheirpod! We want to see what you are making in your kitchen!