What to Expect From NVIDIA's Next Quarterly Earnings Report

With a market cap. of $5.2 trillion, NVIDIA Corporation (NVDA) is a global computing infrastructure company that provides advanced graphics, compute, and networking solutions across gaming, data center, professional visualization, and automotive markets. It delivers AI platforms, accelerated computing technologies, and software solutions to enterprises and industries worldwide.

The Santa Clara, California-based company is slated to announce its fiscal Q3 2027 results soon. Ahead of this event, analysts expect NVDA to post an adjusted EPS of $2.49, a 100.8% surge from $1.24 in the year-ago quarter. It has exceeded Wall Street's earnings expectations in each of the past four quarters. 

For fiscal 2027, analysts predict NVIDIA to report adjusted EPS of $9.30, an increase of 103.5% from $4.57 in fiscal 2026. 

Shares of NVIDIA have risen 8.4% over the past 52 weeks, underperforming the broader S&P 500 Index's ($SPX) 12.2% gain and the State Street Technology Select Sector SPDR ETF's (XLK) 25.8% return over the same period.

NVIDIA shares soared 8.7% following its Q2 2027 results on Aug. 26, as revenue more than doubled to $96.22 billion and adjusted EPS of $2.22, beating analysts’ estimates, driven by booming AI-computing demand and data-center revenue that more than doubled to $89 billion, above the estimate. The company reinforced expectations for sustained AI growth by forecasting Q3 revenue of $108 billion, plus or minus 2% and projecting approximately 70% revenue growth for fiscal 2028, far above analysts’ previous forecast. 

Further optimism came from expanding demand across AI labs, cloud providers, enterprises, and government customers, the rollout of its next-generation Vera Rubin platform, and a partnership with Amazon Web Services to deploy 2 million additional Nvidia GPUs in 2027 and 2028, outweighing concerns about memory shortages, rising component costs, and margins potentially falling to 71% - 72% in Q4.

Analysts' consensus view on NVDA stock remains bullish, with a "Strong Buy" rating overall. Out of 52 analysts covering the stock, 48 recommend a "Strong Buy," three "Moderate Buys," and one has a "Strong Sell." This configuration is more bullish than three months ago, with 43 analysts suggesting a "Strong Buy." 

The average analyst price target is $328.75, suggesting a potential upside of 50.8% from current levels.