American chip giant Nvidia (NVDA) is set to release its third-quarter fiscal 2026 results after the market closes on Wednesday, November 19. According to TipRanks’ Options Tool, options traders expect about a 7.38% move in either direction in NVDA stock in reaction to Q3 FY26 results. This implied move is higher than Nvidia stock’s average post-earnings move (in absolute terms) of 4.06% over the past three quarters.
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Nvidia’s earnings are closely watched because they reveal the strength of demand for AI chips and provide insight into the health of the semiconductor and cloud industries, especially amid the current AI-driven market frenzy.
Expectations from Nvidia
Wall Street expects Nvidia to report a 54% year-over-year rise in earnings per share (EPS) to $1.26. Similarly, revenue is estimated to grow by nearly 56% to $54.89 billion.
NVDA stock has surged 41.6% so far this year, backed by continued demand for its advanced artificial intelligence (AI) chips. Nvidia’s graphics processing units (GPUs) power the AI systems of major hyperscalers such as Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN).
What Analysts Are Saying About Nvidia
Ahead of the Q3 print, several analysts reaffirmed their Buy ratings on NVDA, while some even raised their price targets, citing improved growth prospects.
Bank of America analyst Vivek Arya kept his Buy rating with a price target of $275, implying 47.2% upside potential. Arya pointed to Nvidia’s GTC event, where the company revealed a $500 billion backlog in Blackwell and Rubin orders for 2025–2026. While this massive order book underscores strong demand and market confidence, analysts will also be watching broader factors such as hyperscaler spending, supply constraints, and rising competition.
Meanwhile, Wells Fargo analyst Aaron Rakers raised his price target from $220 to $265, implying 41.7% upside potential. Rakers’ optimism stems from Nvidia’s ability to meet growing chip demand by increasing supply and having clear insights into customer orders through 2026 and beyond. He predicts Nvidia’s EPS could exceed $9 in 2027, slightly above the current forecast of $8.90.
Overall, analysts’ bullish views are driven by Nvidia’s leadership in the booming AI sector, strong financial performance, and expanding market opportunities, positioning the company as a key beneficiary of AI-driven growth across multiple industries.
Is NVDA Stock a Buy Ahead of Earnings?
Yes, on TipRanks, NVDA stock has a Strong Buy consensus rating based on 37 Buys, one Hold, and one Sell rating. The average Nvidia price target of $242 implies 29.4% upside potential from current levels.
