- Nvidia is set to report Q2 earnings on Aug. 26, with analysts expecting revenue around $93-94 billion.
- Nvidia projects $91 billion in revenue for Q2, while analysts are anticipating figures in the $93-94 billion range.
- Analysts predict that Nvidia will reach a $6 trillion market cap before the end of 2026, with a significant rally expected to begin this week.
- In Q4 FY 2026, Nvidia reported revenue of $68 billion, surpassing its guidance of $65 billion.
- For Q1 FY 2027, Nvidia generated $82 billion in revenue, exceeding its guidance of $78 billion.
Nvidia is poised to report its Q2 earnings on August 26, with analysts forecasting revenue between $93 billion and $94 billion, significantly higher than last year's $46.7 billion. This anticipated growth is expected to propel Nvidia's market cap to exceed $6 trillion by the end of 2026.13
The company's previous earnings reports have shown a trend of outperformance, with Q4 FY 2026 revenue reaching $68 billion against an expectation of $65 billion, and Q1 FY 2027 generating $82 billion compared to a forecast of $78 billion. This consistent overachievement has led to heightened expectations for the upcoming report, with many investors anticipating a revenue figure that could double last year's Q2 results.45
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Analysts are particularly optimistic, suggesting that if Nvidia delivers a strong quarter and provides robust guidance for Q3, the stock could rally significantly. Currently, Nvidia's stock is trading at 24 times forward earnings, a decrease from 35 times in previous years. A successful earnings report could push the stock up by 46%, potentially elevating its market cap to $7.65 trillion.
With a 14% increase needed to reach the $6 trillion mark, many analysts view Nvidia as a strong buy ahead of the earnings announcement, indicating a potential upside that could double its returns for the year.
“Nvidia's stock trades at 24 times forward earnings, well below its typical 35 times, suggesting a potential 46% upside if it reverts. Analysts project fiscal 2027 revenue near $400 billion, with a fair value estimate of $6.59 trillion based on free cash flow.”
