Nvidia Could Grow Revenue 97% and Still Disappoint Wall Street on Aug. 26
Nvidia reports Q2 earnings on Aug. 26, with Wall Street expecting $92.2 billion in revenue -- nearly double last year's $46.7 billion. But investors should look past the headline number.
Overview
Nvidia (NASDAQ: NVDA) could nearly double its revenue year over year when it reports earnings on Wednesday, Aug. 26, and still see its stock fall following the release. While that might sound strange, the fact is that Wall Street has become so accustomed to Nvidia beating targets that an otherwise extraordinary result now tends to land as plain ordinary.
Nvidia's revenue guidence for for its upcoming fiscal 2027 Q2 earnings is set at $91 billion, but Wall Street expects more -- $92.18 billion. The company generated $46.74 billion in the same quarter last year, so hitting the consensus estimate comes in at roughly 97% growth year over year.
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Originally published at www.fool.com.