gg2
Nvidia earnings report
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Nvidia reports Q2 earnings Aug 26, projected record $92.16B revenue.
AI spending worries and Fed uncertainty make this a market-defining test.
Background
Nvidia, whose chips underpin much of the AI infrastructure buildout, is set to report fiscal Q2 2027 earnings on Aug 26. The report comes amid concerns about an AI bubble and sustainability of AI spending, with the stock down about 8% from May highs despite a 16% gain this year. Analysts expect record revenue and earnings, roughly doubling year-over-year, driven by data center demand.
How it unfolded
- May 20, 2026Nvidia reported fiscal Q1 2027 revenue of $81.6 billion, up 85% year over year, with data center revenue at a record $75.2 billion.
- Aug 17, 2026Nvidia stock was on track for its sixth consecutive loss, facing pressure ahead of earnings.
- Aug 21, 2026Reuters reported that Nvidia's earnings and Jackson Hole symposium will test the stock market rally's assumptions.
- Aug 26, 2026Nvidia is scheduled to report fiscal Q2 2027 earnings after the market close.
Who’s saying what
- Analysts
- All but one of 13 analysts tracked by Visible Alpha recommend buying, with a mean target of $296 suggesting over 35% upside.
- Caution
- Worries about an AI bubble and sustainability of AI spending have weighed on sentiment, with the stock down from May highs.
Still unverified
Some analysts predict a 'parabolic' move after earnings based on a $2.3 trillion revenue backlog, but this is speculative and not confirmed.