By Sirisha Bhogaraju
Publication Date: 2025-11-16 21:38:00
Chip giant Nvidia (NVDA) is set to announce its results for the third quarter of Fiscal 2026 after the market closes on Wednesday, November 19. Despite concerns about rising competition, uncertainty about Nvidia’s China business, and valuation concerns related to artificial intelligence (AI) stocks, most Wall Street analysts are upbeat about the AI GPU (graphics processing unit) provider’s Q3 earnings. Top Evercore analyst Mark Lipacis expects Nvidia to deliver beat-and-raise results. The analyst reiterated a Buy rating on NVDA stock with a price target of $261, saying that Evercore continues to view it as “a top pick and core semiconductor holding” ahead of the Q3 earnings.
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Meanwhile, Wall Street expects Nvidia to report a 54.3% year-over-year rise in Q3 FY26 earnings per share (EPS) to $1.25. Revenue is estimated to grow by 56.3% to $54.83 billion.
Top Evercore Analyst Is Bullish on NVDA Stock Ahead of Q3 Earnings
Lipacis stated that he expects Nvidia to surpass Q3 expectations and raise its guidance, as Evercore’s channel checks reflect that GB200 and GB300 availability has notably improved, though demand continues to surpass supply.
Interestingly, the 5-star analyst noted that while Wall Street’s estimates for Nvidia’s Blackwell and Rubin platforms, along with their related networking revenue, currently add up to about $335 billion, CEO Jensen Huang recently pointed to a $500 billion pipeline by the end of calendar…
