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Based in Santa Clara, California, NVIDIA Corporation (NVDA) is a leading technology company specializing in graphics processing units (GPUs) and artificial intelligence (AI) solutions. With a market cap of $2.74 trillion, NVIDIA is renowned for its cutting-edge innovations in gaming, data centers, and AI-driven applications. The company is set to announce its fiscal Q2 earnings results after the market closes on Wednesday, Aug. 28.
Ahead of the event, analysts expect NVDA to report a profit of $0.59 per share, up 136% from $0.25 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
NVIDIA's adjusted earnings of $0.58 per share for the last quarter surpassed the consensus estimate by 13.7%. Surging demand for generative AI in data centers drove NVIDIA's performance.
For fiscal 2025, analysts expect NVDA to report EPS of $2.53, up 114.4% from $1.18 in fiscal 2024.
NVDA stock is up 125.3% on a YTD basis, outperforming the broader S&P 500 Index's ($SPX) 14.5% gains and the S&P Semiconductor SPDR's (XSD) 7.7% returns over the same time frame.
NVDA beat analysts' expectations in Q1, with a 262% year-over-year revenue increase to $26.04 billion. The company also provided strong revenue guidance of $28 billion for the next quarter. Following the release of these results, the stock gained by over 9% in the next trading session.
The consensus opinion on NVDA stock is bullish, with an overall “Strong Buy” rating. Out of 39 analysts covering the stock, 33 advise a “Strong Buy” rating, two suggest a “Moderate Buy” rating, and four recommend a “Hold.”
This configuration is less bullish than three months ago when the stock had 35 “Strong Buy” ratings. NVDA's average analyst price target is $141.29, indicating a potential upside of 26.6% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
