AI giant Nvidia (NVDA) is set to release its Q2 FY26 results tomorrow, August 27. NVDA stock has gained about 42% over the past year, primarily due to the booming demand for its AI-capable chips and data center servers. Wall Street expects strong revenue and profit growth for NVIDIA (NVDA) in Q2. In particular, analysts anticipate that Nvidia will report earnings of $1.01 per share, reflecting a 49% year-over-year increase.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Meanwhile, revenues are expected to rise by 53% from the same quarter last year, reaching $46.05 billion, according to data from the TipRanks Forecast page. Importantly, Nvidia has topped Wall Street’s earnings forecasts in each of the last nine quarters.
Analysts’ Opinions Ahead of Q2 Results
Ahead of NVDA’s Q2 print, the stock has earned multiple Buy ratings from Wall Street analysts. One such analyst is John Vinh of KeyBanc, who maintained his Buy rating and raised the price target to $215 from $190. He sees strong July-quarter results, supported by robust demand for AI products and higher server rack shipments thanks to improved manufacturing yields. The 5-star analyst highlighted strong growth in NVIDIA’s Blackwell GPU (B200), which saw a 40% rise in supply in the second quarter and is expected to grow another 20% in the third quarter.
On the financial side, Vinh raised his second-quarter revenue estimate to $47.1 billion from $45.1 billion, above the Street’s $45.7 billion forecast. However, he trimmed the third-quarter forecast to $50.4 billion from $53.5 billion to exclude China’s contributions, slightly below consensus.
Similarly, Stifel’s Top analyst Ruben Roy expects the company to deliver another strong quarter. He reaffirmed his Buy rating and raised his price target to $212 from $202, implying a 19% upside from current levels. Roy pointed to strong demand for Nvidia’s Blackwell chips and growing momentum in its next-generation products.
What Do Options Traders Anticipate?
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 6.68% move in either direction.
What Is the Target Price of Nvidia Stock?
According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 36 Buys, three Holds, and one Sell assigned in the last three months. At $199.94, the Nvidia share price target implies an 11.20% upside potential.
