Nvidia (NVDA) is scheduled to announce its fiscal first-quarter 2027 earnings on May 20, and Wall Street anticipates another strong showing from the AI chip leader. The consensus among analysts is that Nvidia will report earnings of $1.78 per share on revenue of $78.98 billion. This represents substantial year-over-year growth, fueled by unrelenting demand for its graphics processing units (GPUs) in data centers and cloud computing environments.
The company's Q4 FY2026 results, released earlier this year, already demonstrated Nvidia's dominance in the AI chip market. Revenue surged 73% year-over-year to $68.1 billion, with earnings per share comfortably exceeding expectations. CEO Jensen Huang has emphasized that the demand for AI compute is growing exponentially, driven by enterprise adoption of AI agents.
However, some analysts caution that merely meeting expectations may not be enough to propel the stock higher. Market focus will likely be on Nvidia's guidance for Q2 2027, with consensus estimates already around $86 billion. Factors influencing the stock's movement include the mix of Blackwell and GB300 Ultra solutions, the potential reopening of the China H200 market, and the quantification of sovereign AI demand. Despite component shortages and infrastructure limitations, Nvidia's strong balance sheet positions it favorably in managing supply.
UBS analyst Timothy Arcuri raised his price target for NVDA to $275, anticipating Q1 revenue in the $81 billion range. RBC Capital also remains bullish, expecting results and guidance to follow the trend of the past three quarters with a 3-5% beat and raise. Investors are keenly awaiting the earnings release to gauge the sustained demand for AI GPUs and Nvidia's ability to maintain its competitive edge.
