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Nvidia (NASDAQ: NVDA) is set to announce its fiscal 2026 third-quarter results on November 19, 2023. Analysts expect the company to report revenue of approximately $54 billion, in line with Wall Street’s consensus estimate of $54.8 billion, representing a projected year-over-year growth of 56%. The average estimate for adjusted earnings per share (EPS) is $1.25, reflecting a 54% increase from the previous year.
Notably, Nvidia has historically exceeded earnings expectations, surpassing estimates by an average of 6.5% over the last four quarters. The company’s CFO indicated that production of its new GB300 chips is expected to accelerate, driven by increased demand for AI infrastructure from major cloud service providers and growing interest from AI start-ups.
Despite positive growth expectations, Nvidia’s current valuation suggests that significant growth prospects are already priced in, cautioning investors to temper their enthusiasm ahead of the earnings report.
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