Nvidia Faces Potential Disappointment for Wall Street Analysts on November 19

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Key Facts

Nvidia is set to release its highly anticipated third-quarter operating results for fiscal 2026 after the closing bell on November 19, 2023. Analysts expect the company to report nearly $55 billion in sales, a 56% increase from the previous year, and a profit of $1.25 per share, translating to about $30.4 billion.

Currently, Nvidia holds over 90% of the AI-GPU market in high-compute data centers, benefiting from strong demand outpacing supply and a gross margin exceeding 70%. However, rising competitive pressures from companies like Advanced Micro Devices and internal developments among major clients could challenge Nvidia’s market dominance, potentially affecting its pricing power and growth expectations.

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