Overview
- NIvida reports fiscal Q3 2026 results after the close, with consensus near $54.8–55.0 billion in revenue and about $1.17–$1.25 in non‑GAAP EPS.
- Wall Street is pressing for a beat‑and‑raise, with Q4 revenue guidance around $61.5–$62 billion viewed as supportive and anything below $60 billion seen as a caution signal.
- Options pricing suggests a 6%–8% swing as the stock’s nearly 7% S&P 500 weight heightens market impact after shares fell about 2.8% Tuesday and global equities turned cautious.
- Focus areas include data‑center sales tied to Blackwell, supply and pricing, chip depreciation and accounting questions, order visibility into 2026, and rising competition from AMD and in‑house hyperscaler silicon.
- Guidance already excludes restricted China shipments, Beijing’s domestic‑chip rules add uncertainty, and despite bullish analyst calls and new tie‑ups like Microsoft–Anthropic, valuation and bubble worries—amplified by Michael Burry’s critiques—linger.