• NVDA is lagging behind market performance. Get the inside scoop here.
Here are the earnings estimates, what experts are saying ahead of the report and key items to watch.
Earnings Estimates: Analysts expect Nvidia to report third-quarter revenue of $54.84 billion, up from $35.08 billion in last year's third quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in 12 straight quarters.
The analyst prediction would see the company post record quarterly revenue, beating the $46.74 billion posted in the second quarter.
Analysts expect Nvidia to report third-quarter earnings per share of $1.25, up from 81 cents per share in last year's third quarter.
The company has beaten analyst estimates in 11 straight quarters.
Guidance from the company calls for third-quarter revenue to be in a range of $52.92 billion to $55.08 billion.
Read Also: Nvidia Vs. AMD: The Gap Isn’t Closing, It’s Getting Wider
What Experts Are Saying: Nvidia reports third quarter results amid a "solid micro, choppy macro" environment, Bank of America analyst Vivek Arya said.
The analyst reiterated a Buy rating on Nvidia with a $275 price target ahead of earnings.
Arya said Nvidia has a solid pipeline and the debate now becomes more around the macro environment.
"NVDA near-term is facing the tough task of meeting high expectations and high skepticism around AI capex, likely only resolved with broader market volatility subsides," Arya said.
The analyst said the report turns to reassurance for demand.
With concerns of a potential AI bubble, Nvidia's report comes at an interesting time, Wedbush analyst Dan Ives said in a new investor note.
"Street awaits Godfather of AI Jensen and Nvidia's earnings," Ives said.
The analyst ...
