Nvidia heads into earnings as its star chip continues to glitch 

Revenue estimates for the third quarter come in at $33 billion, which would be an 83% increase from the prior year

article-image

Novikov Aleksey/Shutterstock modified by Blockworks

share


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.


It’s a high-stakes day for tech stocks as the grand finale to earnings season looms: Nvidia’s third quarter report, set to drop today after the bell. 

As the world’s largest public company by market cap, Nvidia has been the definitive winner of the AI boom. Shares are up almost 200% year to date and 1,000% since September 2022. 

Analysts are expecting big things from Nvidia tonight. Wall Street has consistently upped its predictions for the report, increasing earnings per share estimates to $2.84 (from $2.81 in September). Earnings per share from the second quarter came in at $2.70, a 148% increase year over year. 

Revenue estimates for the third quarter come in at $33 billion, which would be an 83% increase from the prior year. Second quarter earnings showed revenue was $30 billion. 

Investors are going to be looking for signs that Nvidia’s Blackwell GPU, a high-performance chip expected to drive the next AI wave, is in high demand and functioning well. Tonight’s call comes as reports of Blackwell GPUs overheating continue to swirl. Nvidia has invested more than $2 billion in developing Blackwell, so shareholders (and the broader market) are going to want to see signs that these issues are being worked out. 

Check back tomorrow for a full recap of Nvidia’s Q3 earnings and what will no doubt be some interesting market moves to follow.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

morpho 2 graphic.png

Research

Utilizing a ‘DeFi Mullet’ approach, Coinbase’s Bitcoin-backed loans integration with Morpho demonstrates a powerful blueprint for CEXs to monetize dormant assets by expanding adoption of wrapped products (cbBTC, USDC) while also supporting native and/or preferred DeFi ecosystems (Base) which can further lead to downstream growth in onchain liquidity and increased utilization of the related assets.

article-image

The fate of Coinbase has been intertwined with Bitcoin long before the company went public in 2021

article-image

Forward Guidance’s Felix Jauvin noted that he’s bullish on both crypto and bitcoin on a “mean reversion basis”

article-image

This is the largest equity investment that Framework Ventures has ever made,” Framework’s Michael Anderson exclusively told Blockworks

article-image

The stickiness could be the result of bear market conditions where users are swapping out of riskier tokens to hold stablecoins on Solana apps instead, a Blockworks Research analyst said

article-image

The dollar index is down 3.7% today from Wednesday, and consumer sentiment fell to lower than expected

article-image

Ethereum core developers finalize Pectra’s May 7 launch and wrap scoping of the next upgrade