Zacks Research Adjusts NVIDIA Q3 Earnings Forecast for 2026

NVIDIA Co. (NASDAQ:NVDA) has recently been the subject of an analytical report by Zacks Research, which has raised its earnings expectations for the company's Q3 2026 results. This update was shared with clients and investors on March 25th. The analyst team, led by R. Department, now projects that NVIDIA will earn $1.06 per share for the upcoming quarter, which is an increase from the earlier estimate of $1.03 per share. For the current full fiscal year, the consensus forecast for NVIDIA's earnings is $2.77 per share.

Furthermore, Zacks Research also provided estimates for NVIDIA's earnings in subsequent quarters. These include expectations of $1.14 per share for Q4 2026, $1.15 for Q1 2027, and $1.22 for Q4 2027. For fiscal year 2027, the projected earnings stand at $4.83 per share, with an anticipated growth to $5.84 per share for fiscal year 2028.

NVIDIA's Recent Earnings Performance

NVIDIA last reported its quarterly earnings on February 26th. During this quarter, the company recorded earnings of $0.89 per share, which surpassed analysts' consensus estimate of $0.84 by $0.05. NVIDIA's performance was supported by a remarkable return on equity of 114.83% and a net profit margin of 55.69%. The company generated revenues of $39.33 billion, exceeding the estimated $38.16 billion.

Analyst Ratings and Price Targets

A series of other research firms have also provided their insights on NVIDIA. Needham & Company reiterated a “buy” rating, setting a price target of $160.00 for the stock. Morgan Stanley assigned an “overweight” rating with a target price of $162.00. Similarly, Bank of America maintained a “buy” rating and issued a target price of $200.00. Meanwhile, Susquehanna and KeyCorp set price targets of $180.00 and $190.00, respectively. Among analysts following the stock, four have given it a hold rating, thirty-seven recommend buying, and two have rated it as a strong buy. MarketBeat indicates that NVIDIA currently holds an average rating of “Moderate Buy” with a price target averaging $171.51.

NVIDIA Stock Overview

As of Friday, NVDA shares opened at $109.67. The company displays a solid financial position reflected by a debt-to-equity ratio of 0.13, a current ratio of 4.10, and a quick ratio of 3.64. NVIDIA is valued at $2.68 trillion, featuring a P/E ratio of 43.16 and a P/E/G ratio of 1.76, accompanying a beta of 1.77. The stock has fluctuated between a 12-month low of $75.61 and a high of $195.95, with current moving averages at $125.01 (50-day) and $131.34 (200-day).

Dividend Announcement

NVIDIA also announced that it will pay a quarterly dividend of $0.01 per share to shareholders of record as of March 12th, with the payment scheduled for April 2nd. This translates to an annualized dividend yield of 0.04% and a dividend payout ratio of 1.36%.

Insider Activities

Recent insider trading activities showed that EVP Ajay K. Puri sold 36,462 shares of Nvidia on January 6th at an average price of $151.10, totaling approximately $5.51 million. Post-transaction, Puri holds about 3.9 million shares valued at around $589.73 million, indicating a 0.93% decrease in ownership. Additionally, Director Aarti S. Shah sold 20,000 shares on March 20th for about $2.37 million, lowering her stake by 27.32%. Observations over the last 90 days account for insiders selling 183,609 shares valued at $22.64 million, with insiders currently owning 4.23% of the stock.

Institutional Investor Activities

Several institutional investors have adjusted their holdings in NVIDIA recently. Capital Performance Advisors LLP increased its stake by 59.3%, acquiring an additional 9,944 shares to hold 26,700 shares in total, valued at $3.59 million. Palisade Asset Management LLC slightly raised its position by 0.5%, now owning 15,363 shares post-acquisition. Notably, SMART Wealth LLC significantly expanded its holdings by 289.5%, bringing its total to 72,311 shares valued at nearly $9.71 million. Collectively, 65.27% of NVIDIA's stock is held by institutional investors.

NVIDIA Company Overview

NVIDIA Corporation specializes in graphics processing and computing solutions, with operations spread across the United States, Taiwan, China, Hong Kong, and other international markets. The company's offerings include GeForce GPUs designed for gaming and personal computers, the GeForce NOW game streaming service, enterprise workstation graphics via Quadro/NVIDIA RTX GPUs, virtual GPU software for cloud-based computing, automotive platforms, and software for creating metaverse applications.

NVIDIA, Earnings, Forecast