Nvidia Prepares to Report Quarterly Earnings on November 19 as AI Market Awaits Key Signals
Nvidia is set to release its fiscal third-quarter 2026 earnings later than the U.S. market closes on November 19, an event widely viewed as a pivotal moment for the broader artificial intelligence and semiconductor sectors. Analysts expect this earnings cycle to reflect the company’s continued dominance in AI infrastructure, fuelled by surging demand from hyperscalers and enterprise clients. Nvidia will also host its earnings call on the identical day, offering insight into the company’s performance for the quarter ending October 26, 2025.
Expectations are high heading into the announcement. Wall Street consensus forecasts project quarterly revenue in the range of $54 billion to $55 billion, alongside adjusted earnings per share between $1.23 and $1.26. These estimates imply year-on-year growth exceeding 55%—a continuation of Nvidia’s extraordinary momentum from earlier quarters. In the first quarter of fiscal 2026, Nvidia reported revenue of $44.1 billion, marking a 69% jump from the previous year and underscoring the strength of its data centre segment.
AI-driven growth and the Blackwell upgrade cycle
Much of the market’s attention is centred on Nvidia’s data centre division, which has become the core driver of company-wide revenue as generative AI adoption accelerates. Analysts expect this segment alone to contribute approximately $49 billion to $50 billion in revenue for the quarter. This surge is supported by significant capital expenditure from major cloud providers—including Amazon, Microsoft and Google—as they expand their AI computing capabilities.
A critical component of this growth is the rollout of Nvidia’s Blackwell architecture and its associated rack-scale systems. These next-generation GPUs are anticipated to support strong sequential growth into 2026, with analysts highlighting that cloud providers are increasing AI-related spending at rates approaching 70% year-on-year. Market participants will also be monitoring commentary regarding the upcoming Rubin platform, potential supply constraints, and competition from AMD as well as custom in-house accelerators developed by hyperscalers.
Beyond its data centre operations, investors will be watching secondary segments such as gaming, professional visualisation and automotive. Although these divisions contribute less to Nvidia’s total revenue, they offer insights into broader adoption trends and the company’s ability to diversify beyond AI-specific demand.
Market implications and investor positioning
Nvidia’s valuation has soared, placing it as the most valuable company in the S&P 500 and elevating expectations for its performance. This has made the upcoming earnings release a focal point for global markets. Options traders are pricing in an approximate 8% swing in Nvidia’s stock price following the announcement, underscoring both heightened anticipation and uncertainty.
Some analysts caution that even if Nvidia surpasses expectations, the stock could face pressure if its forward guidance does not reinforce long-term confidence in continued AI-driven growth. Others argue that Nvidia’s outlook remains robust, supported by increasing adoption of high-performance computing and the expanding influence of its next-generation GPU platforms.
As November 19 approaches, investors will pay close attention not only to headline earnings figures but also to key guidance metrics such as data centre growth rates, margin performance, hyperscaler demand trends and updates on supply-chain dynamics. Nvidia’s results have the potential to influence sentiment far beyond the semiconductor sector, shaping market expectations for the trajectory of the global AI industry as a whole.
