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Nvidia to report third-quarter earnings after the bell

Kif Leswing @kifleswing
Key Points
  • Nvidia third-quarter revenue is expected to be $33.16 billion, according to LSEG estimates. Fourth-quarter sales is forecast at $37.08 billion due to AI demand.
  • Nvidia could also reveal demand for company's next-gen AI chip, Blackwell, which is the key to the company's future growth.
  • Nvidia's share price has tripled in 2024, but sales growth is slowing.

Nvidia reports fiscal third-quarter earnings Wednesday after the market closes.

Here's what Wall Street is looking for, per LSEG consensus estimates:

  • Revenue : $33.16 billion
  • Earnings per share : 75 cents, adjusted

How Nvidia sees the current quarter shaping up is even more important than the results. Investors want to see if the chipmaker can continue to grow at a fierce rate, even as the artificial intelligence boom enters its third year. Wall Street expects Nvidia to forecast 82 cents per share on $37.08 billion in sales.

Much of that future growth will have to come from Blackwell, its next-generation AI chip for data centers currently shipping to customers Microsoft , Google and Oracle .

Analysts will listen carefully to comments from CEO Jensen Huang to hear what he says about the demand for Blackwell. The company could also address reports that some of the systems based on Blackwell chips are experiencing  overheating issues.

In August, Nvidia said it expected about "several billion" in Blackwell sales during the January quarter.

Nvidia stock has nearly tripled since the start of 2024.

The company reported a 122% growth in sales in the most recent quarter, but that was a slowdown from the 262% year-over-year growth it reported in the April quarter and the 265% growth in the January quarter.

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