Nvidia (NVDA) Stock: What Wall Street Expects from Earnings Today
TLDR
- Nvidia reports Q2 earnings Wednesday, with Wall Street expecting EPS of $2.09 and revenue of $92.3 billion, roughly double year-over-year
- NVDA stock snapped a 7-day losing streak Tuesday, closing up 2.19%, its longest losing streak since 2022
- Data Center revenue is forecast to top $85.4 billion, up 107% year-over-year
- Despite beating earnings estimates in each of the last 8 quarters, NVDA stock has fallen the next day on 6 of those occasions
- Key risks include fading AI data center demand, rising political opposition to data centers, and growing competition from hyperscalers building their own chips
Nvidia is set to report its second quarter results Wednesday afternoon, and all eyes on Wall Street are on the AI chip leader once again.
Analysts expect adjusted EPS of $2.09 and revenue of $92.3 billion. That would represent roughly 96% growth in revenue year-over-year.
NVDA stock closed at $213.05 on Tuesday, up 2.19% after ending a 7-day losing streak, its longest since 2022.
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