NVIDIA (NVDA.US) is set to report its fiscal 2026 third-quarter earnings after the market closes on November 19. Analysts expect another earnings beat, with adjusted EPS projected at $1.26. Revenue for the quarter is forecast at $55.28 billion, representing year-over-year growth exceeding 55%.

**Data Center Remains Core Growth Driver** NVIDIA's Q3 performance is likely powered by continued strength in its data center business. The growing adoption of cloud solutions amid hybrid work trends has boosted demand for its chips in this segment. Accelerated hyperscale demand and increasing inference market adoption are expected to provide tailwinds. The data center business benefits particularly from surging demand for generative AI and large language models running on NVIDIA's Blackwell architecture GPUs. Strong chip demand from major cloud service providers and consumer internet companies should drive significant revenue growth this quarter, with data center revenue estimated at $48.04 billion (up 56.1% YoY).

**Gaming and Pro Visualization Show Recovery** The company's gaming and professional visualization segments continue their rebound. Gaming revenue has shown YoY improvement in seven of the past nine quarters as channel inventory levels normalize. Robust demand across most regions is expected to push gaming segment revenue to $4.71 billion (up 43.7% YoY). The professional visualization business has delivered eight consecutive quarters of growth, with Q3 revenue projected at $678.9 million (up 39.7% YoY).

**Automotive Momentum Builds** NVIDIA's automotive division shows improving trends over the past six quarters, supported by increased investment in autonomous driving and AI cockpit solutions. Automotive revenue is estimated at $624.8 million for Q3 (up 39.1% YoY).

**Generative AI Boom's Primary Beneficiary** NVIDIA's revenue surge over the past year stems from overwhelming demand for chips powering generative AI models. As the dominant player in generative AI chips, NVIDIA's solutions serve multiple industries including marketing, healthcare, automotive, and gaming. The global generative AI market is projected to reach $967.65 billion by 2032, growing at a 39.6% CAGR (2024-2032).

**Stock Rally and Wall Street Confidence** NVIDIA's AI chips (A100, H100, B100/B200/B300, GB200/GB300 series) have become the preferred choice for building advanced AI applications, cementing its leadership position. Analysts at Jefferies and Wedbush anticipate the AI giant will "beat estimates and raise guidance." Wedbush maintains a $210 price target, noting hyperscalers' expanding AI investments ultimately flow disproportionately to NVIDIA.

However, some investors question how long tech giants will sustain heavy spending before demanding clearer ROI. Bank of America ($275 target) expects NVIDIA management to reassure investors about supply capabilities amid high earnings expectations and growing AI skepticism. Oppenheimer recently raised its price target, calling NVIDIA "the single most likely winner" in AI.