By Daniel Sparks
Publication Date: 2025-11-19 09:36:00
Nvidia’s earnings will test investors’ appetite for high expectations in AI.
Investors are bracing for another closely watched earnings update from Nvidia (NVDA 2.66%) this afternoon, when the AI (artificial intelligence) chip designer will report results for the third quarter of its fiscal 2026. The company now supplies many of the graphics processors that power large language models and other intensive AI workloads, so its results influence sentiment across the broader market.
The stock has moved sharply around recent earnings announcements in both directions, and another dramatic move would not be surprising after this release. No one can predict ahead of time whether the market will cheer or punish the next set of numbers, so investors buying now should be prepared for volatility either way and focus on making any investment decision based on their expectations for the shares over the long term rather than the short term.
Viewed through that lens, Nvidia looks compelling. But there are real risks.
Image source: Nvidia.
Recent performance and outlook
In the second quarter of fiscal 2026, Nvidia’s revenue grew 56% year-over-year to $46.7 billion as demand for its data center chips remained intense. Data center sales, which now drive most of the business, also rose 56% year-over-year to $41.1 billion, powered by customers adopting the new Blackwell platform. Non-GAAP earnings per share climbed 54% year-over-year to $1.05, reflecting strong volumes and high gross…
