Nvidia Earnings Preview: What to Watch Ahead of November 19, 2025 Results

Nvidia Set to Announce Q3 2025 Results Amid AI Chip Demand Surge

Nvidia Corporation will report its third-quarter earnings for fiscal year 2025 on November 19, drawing intense scrutiny from investors and analysts following a year of record growth driven by demand for artificial intelligence chips.

Key Expectations Ahead of Earnings

Wall Street expects Nvidia to post another robust quarter, with consensus estimates from Refinitiv projecting revenues above $27 billion, a substantial increase from the $18.1 billion reported a year prior. Earnings per share are also forecast to significantly improve, reflecting soaring demand for the company’s data center and AI products.

Analysts highlight continued momentum in Nvidia’s data center division, which includes sales of its high-performance graphics processing units (GPUs) powering AI models globally. The performance of Nvidia’s flagship H100 and H200 chips is expected to be a central focus.

Market Drivers and Industry Context

Nvidia’s share price rose over 150% in 2025, making it one of the most valuable listed semiconductor firms worldwide. The company’s valuation crossed $3 trillion in June as interest in generative AI and accelerated computing fueled orders from major cloud providers and enterprise customers.

According to a recent report by Gartner, spending on AI infrastructure is on pace to grow over 40% this year, benefiting Nvidia as the dominant supplier of AI accelerators. Competition remains subdued, though rival chipmakers including AMD and Intel are launching competing products.

Guidance and Risks

Investors will examine Nvidia’s forward guidance for any signals on the pace of AI-related growth into 2026. Comments on supply constraints, export restrictions affecting shipments to China, and major customer activity, like the top cloud computing companies, are also expected to attract attention.

Martin Reynolds, technology analyst at Gartner, noted, “Any sign that AI demand is moderating, or that supply chain challenges are worsening, could impact sentiment and valuation.”

Nvidia’s call will be webcast at 2 p.m. Pacific Time on November 19. The results are considered a bellwether for the semiconductor industry and the broader technology sector.