Leading designer of graphics chips Nvidia (NASDAQ: NVDA) will be announcing earnings results this Wednesday after the bell. Here’s what investors should know.
Nvidia met analysts’ revenue expectations last quarter, reporting revenues of $46.74 billion, up 55.6% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but an increase in its inventory levels.
Is Nvidia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Nvidia’s revenue to grow 58.1% year on year to $55.45 billion, slowing from the 93.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.25 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nvidia has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.7% on average.
Looking at Nvidia’s peers in the processors and graphics chips segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Qorvo delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 1.9%, and Qualcomm reported revenues up 10%, topping estimates by 4.6%. Qorvo traded down 7.7% following the results while Qualcomm’s stock price was unchanged.
Read our full analysis of Qorvo’s results here and Qualcomm’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the processors and graphics chips stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.9% on average over the last month. Nvidia is up 1.5% during the same time and is heading into earnings with an average analyst price target of $232.79 (compared to the current share price of $185.68).
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