This 3 Ingredient Peanut Butter Ice Cream Sauce recipe is so rich and decadent. It is mildly sweet, so easy to make and is delicious on ice cream, pancakes, waffles, and more. This recipe comes together in less than 10 minutes and makes enough for a small crowd to enjoy.

Peanut Butter Ice Cream Sauce is a sweet, salty, thick, and creamy sauce. If you are a fan of peanut butter, you will love this easy and rich sauce.

Peanut Butter Ice Cream Sauce Ingredients

See the Recipe card below for exact measurements of ingredients.

Creamy Peanut Butter: Of course a good peanut butter sauce is going to have peanut butter! This ingredient gives this sauce its signature nutty flavor and decadent richness. I highly recommend using Jif or Skippy creamy peanut butter in this recipe.
Sweetened Condensed Milk: This thick and rich ingredient is used in this recipe to give it some delicious sweetness and added smooth consistency.
Heavy Cream: Gives this recipe a pourable and smooth texture.

How to Make Peanut Butter Ice Cream Sauce

In a saucepan over medium heat combine Peanut Butter, Sweetened Condensed Milk, and Heavy Cream.
Stir until all ingredients are combined, turn off the heat, and let cool slightly.
Pour the sauce into a glass jar with a lid and let cool completely.
Store In Fridge for up to 2 weeks! Reheat slightly in the microwave if necessary.
Enjoy this sauce on pancakes, waffles, crepes, ice cream, pound cake, Frozen Yogurt, Fruit, and more!

Here’s why peanut butter ice cream sauce is a great recipe to try:

Simple and quick: This sauce can be made with just a few ingredients and comes together in a short amount of time, making it perfect for busy weeknights or when you want a last-minute dessert upgrade.
Super versatile: This sauce isn’t just for ice cream! Drizzle it over waffles, pancakes, or fruit, or even use it as a dip for pretzels or cookies.
Customizable: Want a richer sauce? Use creamy peanut butter. Prefer a bit of crunch? Opt for chunky peanut butter. You can even add a pinch of salt or a drizzle of honey to adjust the flavor to your preference.
Pantry staples: Chances are you already have most of the ingredients on hand – peanut butter, sweetened condensed milk, and heavy cream – making it a budget-friendly treat.
Delicious: Need I say more? The combination of peanut butter and ice cream is a classic for a reason! It’s a guaranteed crowd-pleaser.

3 Ingredient Peanut Butter Ice Cream Sauce

This 3 ingredient peanut butter ice cream sauce is so easy to make and comes together in less than 10 minutes!

Ingredients

1/2 Cup Creamy Peanut Butter (NOT natural peanut butter)
1/2 Cup Sweetened Condensed Milk
1/4 Cup Heavy Cream or Milk

Instructions

In a saucepan over medium heat combine Peanut Butter, Sweetened Condensed Milk, and Heavy Cream.
Stir until all ingredients are combined, turn off the heat, and let cool slightly.
Pour the sauce into a glass jar with a lid and let cool completely.
Store In Fridge for up to 2 weeks!
Enjoy on pancakes, waffles, crepes, ice cream, and more!

Notes

Jif or Skippy plain creamy peanut Butter is recommended for this recipe.

This peanut butter sauce is mildly sweet. If you want your sauce to be a little sweeter, add some more sweetened condensed milk or a bit of powdered sugar to the recipe.