NVIDIA is set to report second-quarter fiscal 2027 earnings on August 26 after market close, with Wall Street consensus expecting revenue of approximately $91.9 billion, according to Investing.com and FinBold. The forecast represents a 97% year-over-year increase from the prior year, driven by surging demand for AI accelerators and data center chips.
Analysts also expect earnings per share of roughly $2.07 to $2.08 for the quarter, according to multiple sources. The company forecasted Q2 revenue of $91 billion plus or minus 2% in its May guidance, which already excludes shipments to China due to export restrictions, as reported by the Globe and Mail.
NVIDIA enters the earnings report with a four-quarter beat streak, according to Yahoo Finance. In the first quarter ended April 26, 2026, the company reported record revenue of $81.6 billion, up 85% year-over-year and beating the $78.86 billion consensus estimate, as reported by The Guardian and Yahoo Finance. Data center revenue in Q1 reached $75.2 billion, up 92% year-over-year, representing nearly all of the company’s sales for the period.
The anticipated $91.9 billion Q2 result would mark another sequential jump from Q1’s record, continuing a streak of explosive growth. This growth has been fueled by major tech companies’ accelerating capital expenditures on AI infrastructure—Alphabet, Amazon, Meta, and Microsoft projected combined spending of $610 billion for 2026, with each firm citing growing demand for AI products, according to Forbes.
NVIDIA’s guidance suggests the company is on track to capture a substantial portion of the trillion-dollar AI infrastructure opportunity. At GTC 2026 in March, CEO Jensen Huang indicated the company can see $1 trillion in AI infrastructure revenue over the next three years, up from a prior $500 billion forecast, according to Reuters and YouTube.
The earnings report comes as the stock has faced some recent headwinds, with NVIDIA shares falling after four of its last five earnings reports, according to an Instagram post from DukascopyTV. However, market expectations remain high, with a 95% Polymarket beat odds probability as of August 21, per Yahoo Finance.
Sources
- Investing.com — Q2 FY27 earnings date, revenue consensus of $91.9 billion, and EPS expectation
- FinBold — Q2 revenue forecast of $91.9 billion and $2.07 EPS, comparison to prior quarter
- The Globe and Mail — 97% year-over-year revenue growth forecast, $91 billion guidance excluding China revenue
- Yahoo Finance — Q1 revenue of $81.6 billion, beat of $78.86 billion estimate, four-quarter beat streak, Polymarket odds
- The Guardian — Q1 revenue of $81.6 billion and 85% year-over-year growth
- Reuters — Q1 revenue beat and CEO Huang’s $1 trillion AI infrastructure forecast
- Forbes — Big Tech combined AI spending projection of $610 billion for 2026
- DukascopyTV (Instagram) — Stock performance after recent earnings reports
