Nvidia earnings: As AI stocks slide and Wall Street holds its breath, here's what top analysts expect

"The most anticipated quarterly earnings of the month will be announced on Wednesday, November 19, as AI chip giant Nvidia Corporation (Nasdaq: NVDA) reveals financial results for its 2026 fiscal third quarter. A lot is riding on these results-and not just for Nvidia. Investors are increasingly on edge about a possible AI bubble, and if Nvidia posts good or better than expected earnings, it could give those investors faith that AI infrastructure is on solid ground and has plenty of room to grow."

"But if Nvidia's earnings disappoint-or show signs of upcoming weakness-it could spell bad news not just for NVDA stock, but for the stock prices of all companies operating in the AI space. Here is what Nvidia has previously forecast for its Q3 2026, and what investors are expecting when the company releases its earnings results tomorrow after markets close."

"On August 27, Nvidia announced its Q2 2026 results. That same day, the company released its forecast for the quarter that it is currently operating in. Here is what the company said it expected for its Q3 2026, which ran from July 28 to October 26: Revenue: $54 billion (plus or minus 2%) GAAP gross margins: 73.3% (plus or minus 50 basis points) Non-GAAP gross margins: 73.5% (plus or minus 50 basis points) GAAP operating expenses: approximately $5.9 billion Non-GAAP operating expenses: approximately $4.2 billion"

Nvidia will announce fiscal third-quarter 2026 results on Wednesday, November 19. Investors are anxious about a potential AI bubble and view Nvidia’s results as a litmus test for AI infrastructure demand. Strong or better-than-expected earnings could boost investor confidence and support growth across the AI sector. Weakness or disappointing results could depress Nvidia shares and drag down valuations of other AI-related companies. Nvidia provided Q3 guidance on August 27 including revenue of $54 billion (±2%), GAAP gross margin 73.3% (±50 bps), non-GAAP gross margin 73.5% (±50 bps), GAAP operating expenses about $5.9 billion, and non-GAAP operating expenses about $4.2 billion. Analysts maintain independent estimates that form a consensus ahead of the report.

Read at Fast Company