NVIDIA reports second-quarter earnings tomorrow, August 26, after market close, with Wall Street expecting record revenue around $91.85 billion and earnings per share of $2.08 as the chipmaker continues to benefit from surging demand for AI processors.
Analysts have set a consensus revenue forecast of roughly $91.85 billion to $92.06 billion for the quarter ending July 27, representing growth of nearly 97 percent year over year, according to FactSet and Wedbush Securities. The expected earnings per share of $2.08 to $2.09 would mark a 98 to 99 percent increase from the same period last year.
NVIDIA has beaten analyst expectations on earnings per share in 20 of its past 22 quarters, according to Yahoo Finance, establishing a strong track record heading into tomorrow’s report. During the company’s most recent earnings call in May 2026, NVIDIA reported revenue of $81.62 billion and adjusted earnings of $1.87 per share, both surpassing Wall Street forecasts.
The surge in expected revenue reflects the relentless demand for NVIDIA’s data center and AI chips. Data center revenue alone hit a record $75.2 billion in the first quarter of 2026, a 92 percent year-over-year increase, driven by hyperscale companies racing to build out AI infrastructure. CEO Jensen Huang is expected to discuss NVIDIA’s $1 trillion cumulative GPU opportunity through 2027, a figure that underscores the scale of the AI infrastructure buildout underway across the industry.
NVIDIA’s dominance in the AI accelerator market remains nearly uncontested. The company commands an estimated 85 to 92 percent share of the AI accelerator market as of mid-2026, according to analyst reports. This commanding position has allowed the chipmaker to sustain triple-digit revenue growth even as the overall semiconductor industry faces cyclical pressures.
Wall Street remains broadly bullish on NVIDIA ahead of the earnings announcement. According to a Stocktwits poll released August 25, over 76 percent of retail investors expect NVIDIA to beat earnings expectations again. Consensus analyst ratings favor the stock, with 37 to 62 analysts assigning a “Buy” or “Strong Buy” rating and a 12-month price target averaging around $304 to $308, implying further upside from current levels.
The earnings report arrives amid broader market uncertainty. NVIDIA stock has endured a seven-day losing streak leading into tomorrow’s release, and some options traders are pricing in asymmetric downside risk, suggesting that even a beat might not prevent a sharp decline if guidance disappoints. Still, the company’s track record of beating expectations and the unrelenting demand for AI chips position it as a potential bright spot in an otherwise cautious market environment.
Sources
- Wedbush Securities — consensus revenue estimate of $91.85 billion and EPS of $2.08 for Q2 fiscal 2027
- FactSet — Q2 revenue consensus of $91.9 billion and adjusted EPS of $2.08
- Yahoo Finance — NVIDIA’s history of beating analyst estimates in 20 of 22 past quarters
- CNBC — May 2026 earnings report showing $81.62 billion revenue and $1.87 adjusted EPS
- Kiplinger — May 2026 earnings details confirming $81.62 billion revenue and $1.87 EPS beat
- Reuters — data center revenue of $75.2 billion in Q1 2026, up 92 percent year over year
- Intellectia — NVIDIA’s 85–92 percent share of the AI accelerator market
- TradingView/Stocktwits — retail investor poll showing 76 percent expect NVIDIA to beat earnings
- Seeking Alpha — analyst consensus on asymmetric post-earnings risk and options market pricing
