Nvidia Q2 Earnings Due After Bell as Markets Hold Breath Over $92 Billion Revenue Target

Nvidia is set to report its fiscal second-quarter results after Wednesday's market close, with Wall Street expecting adjusted earnings per share of $2.09, more than double the $1.05 posted a year earlier, and revenue of roughly $92 billion. That figure aligns closely with the company's own May guidance of $91 billion, plus or minus 2%, and would represent year-over-year revenue growth of approximately 95%, following a Q1 in which Nvidia reported $81.62 billion in sales, up 85% annually. Markets were subdued heading into the report: S&P 500 futures edged lower after the latest personal consumption expenditures index showed inflation remains elevated, while Nvidia itself only just snapped a seven-day losing streak on Tuesday, closing up 2.19% in what analysts noted was the stock's longest such streak since 2022.

Semiconductor peers including AMD, Broadcom, and Intel traded with heightened volatility in sympathy. Investors are focused on data center momentum, gross margin resilience, and any commentary on competition from Amazon and Google, which are developing proprietary AI chips while also remaining major Nvidia customers. Zoom Video Communications fell 7% in pre-market trading after issuing weak Q3 revenue guidance, and Salesforce slid 2% ahead of its own after-hours report, adding to the cautious tone across tech.