NVIDIA (NASDAQ:NVDA) will release its Q2 earnings after the market close today. NVIDIA is not just a leading AI firm and top chip provider; it is a benchmark for the entire AI sector. Largely fueled by hyperscalers and the race not to be left behind as AI takes over, NVIDIA has been looking for ways to diversify revenue while investing in other tangential firms.
Analysts hold a consensus estimate for top-line revenue of around $91.9 to $92.2 billion, representing a year-over-year growth of 97%. Nvidia has guided toward the lower end of that range, but some analysts expect a bigger beat in revenue.
Earnings per Share (EPS) is expected to land around $2.08 a share, almost double from the same quarter last year.
Gross margin is expected to be flat, and the company has guided around 75%.
Full-year revenue has a consensus estimate in the high $380 billion–$390 billion range.
As for analysts, below are some of their pre-earnings expectations:
- Raymond James – Simon Leopold: Strong Buy$352Raised from $330 (Aug 25)
- Bank of America – Vivek Arya: Buy$350 Reiterated ahead of earnings
- Cantor Fitzgerald – C.J. Muse: Overweight$350Reiterated
- BMO Capital – Harsh Kumar: Buy / Outperform$340Maintained / recent coverage
- KeyBanc – John Vinh: Overweight: $330 Reiterated
- Rosenblatt – Kevin Cassidy: Buy$325 Reiterated
- DA Davidson / Benchmark: Buy$335 Recent targets set
- Wells Fargo – Aaron Rakers: Overweight $315 Recent reiteration
- J.P. Morgan – Harlan Sur: Buy / Overweight $280 Reiterated
- Jefferies- Blayne Curtis: Buy $300 Bullish on larger revenue beat potential
Baird has a $500 price target.
If Nvidia disappoints, tomorrow could be a tough day for markets. If it tops expectations, this will be bullish for the AI sector and help lift markets in general.
The earnings call is scheduled for 5 PM ET.
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