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Neodymium doped yttrium aluminum garnet (Nd:YAG) transparent ceramics were fabricated from Nd:YAG nanopowders synthesized via a reverse precipitation method by vacuum sintering and successive hot isostatic pressing (HIP) post-treatment. The powders obtained by calcining the precursor at 1100 °C for 4 h and then ball milling for 2 h with 0.5 wt% TEOS as sintering aid were used to fabricate Nd:YAG ceramics. The green bodies were vacuum sintered at 1500–1800 °C for 10 h, followed by the HIP at 1600 °C for 3 h in 200 MPa Ar atmosphere. Influence of the calcination temperature on the phase, morphology and particle size evolution of the nanopowders, as well as the optical transparency and microstructure of the obtained Nd:YAG ceramics before and after the HIP post-treatment was investigated in detail. It was found that for the post-treated 1800 °C-vacuum-sintered Nd:YAG ceramic sample, the in-line transmittance increased from 48.0% up to 81.2% at the lasing wavelength of 1064 nm. [ABSTRACT FROM AUTHOR]