Analysts forecast NVDA revenue to surge 96% to $91.85 billion for Q2, with EPS nearly doubling to $2.08.
Nvidia (NASDAQ: NVDA) is poised for volatility ahead of its Aug. 26 earnings report, with analysts projecting a 96% revenue jump to $91.85 billion for the fiscal second quarter. Earnings per share are expected to rise to $2.08, nearly double the $1.05 reported a year earlier.
The company has consistently exceeded Wall Street profit targets by 3% to 6% in each of the past four quarters. However, shares have moved sharply post-earnings, reflecting high market sensitivity to results.
August’s report could break NVDA’s recent stagnation, as the stock’s 8% year-to-date gain trails broader market performance. Analysts anticipate a strong quarter, potentially reigniting investor interest.