Overview
- Nvidia reports fiscal Q3 2026 results after the close on Nov. 19, with consensus revenue near $54.8–$54.94 billion, non-GAAP EPS roughly $1.17–$1.25, and gross margin expectations around 73.7%.
- Analysts say a positive stock reaction likely requires revenue closer to $55–$56 billion and a classic beat‑and‑raise, with Q4 guidance viewed favorably only if above roughly $61.5–$62 billion.
- Wall Street focus centers on data-center sales projected around $49 billion, execution on the Blackwell (B200) rollout, an expected sequential step-up of roughly $8 billion, and margins holding near 74%.
- Nvidia’s outlook already excludes certain China-bound shipments due to U.S. export rules, while Beijing’s push for domestic chips heightens structural risk to that market.
- Scrutiny persists over depreciation and accounting after Michael Burry disclosed a short position, as well as concerns that recent strategic investments, including with OpenAI, could enable perceived circular financing.