Nvidia has beaten earnings for 9 quarters in a row. Can Jensen and co. make it 10?
While yesterday’s tariff reprieve sent stocks soaring, the focus today is shifting onto one company, with AI darling Nvidia set to report its first-quarter results after the bell.
After powering the AI trade, both literally and figuratively, for the last two years, Nvidia’s earnings have typically beaten estimates.
Data from FactSet reveals that Nvidia has been on a winning earnings streak for the past nine quarters, though Wall Street’s analysts have been getting closer and closer in the guessing game, as they adjusted to the remarkable pace of growth that the company was putting up.
Today’s results will cover a three-month period that included the DeepSeek crash, President Trump’s market-shaking tariffs, and an export ban of its H20 chips to China that cost Nvidia $15 billion in sales as a result.
So, what are traders expecting?
Per Sherwood News’ Luke Kawa, investors will be looking to see if Nvidia can hit earnings per share of $0.88 on $43.4 billion of revenue — the average of analyst estimates compiled by Bloomberg.
More importantly, however, the market may home in on four things: the company’s access to China, gross margins, the Blackwell ramp, and its sovereign AI efforts.
Go Deeper: What Wall Street is looking for from Nvidia’s earnings report.
