Peanut Butter Hot Fudge is a rich and smooth sauce made with chocolate and peanut butter melted perfectly together! Drizzle it over ice cream, brownies (my favorite), or even fresh fruit! If you love this peanut butter twist on classic hot fudge, you have got to try my Salted Hot Fudge, too! It’s just as rich and velvety, with the perfect balance of sweet and salty.

Jar of Peanut Butter Hot Fudge on a plate with peanut butter in the background.

Ingredients & Substitutions

Sweetened Condensed Milk: Sweetened condensed milk makes the hot fudge base extra sweet and creamy. Just be sure to grab the right can—evaporated milk won’t work here! (Trust me, that mix-up is not a fun surprise.)
Chocolate Chips: The semi-sweet chocolate chips give the fudge its deep, rich chocolate flavor and smooth texture, balancing the sweetness of the condensed milk. You can swap them for dark chocolate chips for a bolder taste or milk chocolate chips for extra sweetness. Chopped chocolate bars also work well.
Peanut Butter: For a creamy consistency, use creamy peanut butter. But, if you prefer a little crunch, use crunchy peanut butter! Either works just fine.
Butter: I used unsalted butter to give the hot fudge a rich, silky texture. Salted butter would work, too, if that is what you have.
Vanilla Extract: Even though I only used 1/2 teaspoon of vanilla extract, it makes a difference in the final flavor. It also helps balance the richness so the fudge isn’t too heavy.

Pouring Peanut Butter Hot Fudge into a jar on a wooden table with creamy peanut butter.

Delicious Ways To Use Peanut Butter Hot Fudge

Besides as a topping for my no-churn vanilla ice cream, there are many other delicious ways to use peanut butter hot fudge! Here are some of my favorites:

Pour it over warm brownies.
Make a sundae with whipped cream, crushed nuts, and a cherry on top.
Blend it into milkshakes or smoothies. It would be a delicious addition to my peanut butter banana smoothie!
Drizzle it over pancakes and waffles for a sweet breakfast treat. Yum! (Is it time for breakfast, yet?!?)
Layer it with whipped cream and granola for a fun, layered dessert.
Pour a little over no-bake granola bars.
Dip sliced apples, strawberries, or bananas into it for a sweet snack.

What are your favorite ways to use this hot fudge?

Pouring Peanut Butter Hot Fudge over vanilla ice cream.

How To Store Peanut Butter Hot Fudge

To store peanut butter hot fudge, first, let it cool completely. Next, store it in an airtight container in the refrigerator. It will last up to 2 weeks. For longer storage, freeze the hot fudge. Reheat it in a saucepan over low heat or the microwave.

How To Freeze Peanut Butter Hot Fudge

If you are not going to use the peanut butter hot fudge within a couple of weeks, freeze it! To freeze hot fudge, let it cool, then transfer it to an airtight container or freezer-safe bag. It will stay good in the freezer for up to 3 months. When ready to use it, thaw it in the fridge overnight and reheat as needed.

Peanut Butter Hot Fudge

Prep Time 5

Cook Time 5

Total Time 10

Peanut Butter Hot Fudge is a rich and smooth sauce made with chocolate and peanut butter blended perfectly with sweetened condensed milk, butter, and a hint of vanilla extract. Drizzle it over ice cream, brownies (my favorite), or even fresh fruit!

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Ingredients

▢ 1 can (14 ounces) sweetened condensed milk
▢ 1 cup (168 g) semi-sweet chocolate chips
▢ ¼ cup (64 g) creamy peanut butter
▢ 2 tablespoons unsalted butter
▢ ½ teaspoon vanilla extract

Instructions

To a medium saucepan over medium heat, add sweetened condensed milk, chocolate chips, and peanut butter. Stir frequently until the chocolate is fully melted and the mixture is smooth.
Remove from heat. Add butter and vanilla, stirring until the butter has melted completely.
Serve warm. Or, let the fudge cool completely before storing it in a sealed jar in the refrigerator for up to 2 weeks.

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