NVIDIA reports fiscal 2027 second-quarter results after the market close on Wednesday, August 26, with the release typically landing between 4:20 and 4:30 PM ET. It is the single most-watched print of this earnings season, and the numbers themselves are not really in question anymore. What happens to the stock afterward is.
What is NVIDIA expected to report on August 26?
Consensus calls for adjusted earnings per share of roughly $2.08 to $2.09, nearly double the year-ago quarter, on revenue of about $91.9 to $92.2 billion, up roughly 97% year over year. NVIDIA itself guided to $91.0 billion, plus or minus 2%, so the Street sits about 1% above the midpoint of management's own number.
That is a small gap by NVIDIA's recent standards. The company has cleared its own guidance and the analyst bar every quarter for well over a year. The question this print actually has to answer is whether data center demand, and specifically Blackwell shipment volume, is still accelerating fast enough to justify a market cap that sat above $5.2 trillion heading into the report.
Why has NVDA stock fallen after beating estimates?
NVIDIA has beaten EPS estimates in each of its last five quarters, by margins of roughly 8.0%, 4.0%, 3.6%, 5.3%, and 5.4%. Despite that streak, the stock fell the day after four of those five reports, with single-day moves of roughly +3.3%, -0.8%, -3.2%, -5.5%, and -1.3% to -1.8%.
There is no clean relationship between the size of the beat and which way the stock moves the next day. What has actually driven the reaction each time is guidance measured against the buy-side's own number, not the published Street consensus. At a rich forward multiple, near-flawless execution is already priced in, so simply meeting estimates has repeatedly not been enough to hold the stock steady into the next session.
What are analysts' price targets for NVIDIA right now?
Wall Street's average 12-month target sits around $303 to $305, built from a pool of roughly 60 to 68 analysts. Individual targets published across that group span a wide $180 to $500, and the consensus rating is Strong Buy.
A $320 spread between the low and high target on the same stock, reporting the same set of numbers tonight, says less about NVIDIA's fundamentals than about how unevenly Wall Street is pricing the durability of AI infrastructure spending several years out. That dispersion tends to compress or widen further within days of a print like this one.
What else is reporting the same night?
NVIDIA is not the only name investors are watching after tonight's close. CrowdStrike, Salesforce, and Synopsys all report on the same August 26 date, with CrowdStrike's earnings call set for 5:00 PM ET.
Four unrelated businesses sharing one evening means one company's guidance miss can spill into sentiment on the others, even where the underlying demand drivers do not actually overlap. A soft cybersecurity or enterprise-software print from CrowdStrike or Salesforce could shape how the market interprets NVIDIA's own commentary about enterprise AI adoption, and vice versa.
What would move the stock after today's print?
Heading into the report, NVIDIA traded choppily: shares were down roughly 1.2% in premarket trading near $211, then rebounded through the session toward $213 as investors positioned ahead of the print, alongside broader market attention on the morning's GDP and PCE inflation data.
Based on the last five quarters, the number to watch is not the headline beat, which is close to assured, but the data center revenue split and forward guidance on Blackwell supply. A guide that clears the buy-side's unpublished bar, not just the Street's published one, is what has separated the one positive next-day reaction from the four negative ones.
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