AI giant Nvidia (NVDA) will report its Q3 FY26 results on Wednesday, November 19. The stock is up about 42% over the past year, driven by strong demand for its AI chips. The company’s new Blackwell GPUs are gaining adoption among hyperscalers and large enterprise customers building AI systems. Wall Street expects Nvidia to post earnings of $1.25 per share, which would mark a 53% increase from the same period last year.
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Similarly, revenues are expected to rise by 56% from the same quarter last year, reaching $54.85 billion, according to data from the TipRanks Forecast page. Importantly, Nvidia has topped Wall Street’s earnings forecasts in each of the last nine quarters.
Analysts’ Opinions Ahead of Q3 Results
Ahead of the Q3 print, KeyBanc analyst John Vinh reiterated his Overweight rating on Nvidia and kept his $250 price target. The 5-star analyst expects the company to report strong numbers and offer upbeat guidance for the next quarter. Vinh said better production of Nvidia’s GB300 rack systems and rising shipments of the new Blackwell B300 chips should help lift revenue.
Similarly, Wedbush analyst Matt Bryson also reaffirmed his Outperform rating on Nvidia and kept his $210 price target. The 5-star analyst said Nvidia may beat expectations again, as it has done in past quarters, helped by strong demand for AI chips. Bryson noted that spending from major cloud players like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) is still rising, and he expects that trend to continue over the next year.
What Do Options Traders Anticipate?
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 7.38% move in either direction.
Is NVDA a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $242.00 per share implies 29.69% upside potential.
