Nvidia Enters Earnings Week With $91 Billion Q2 Guidance

Overview

• Nvidia has guided Q2 revenue to about $91 billion plus or minus 2% and non‑GAAP gross margin near 75%, a level that roughly matches the prior quarter.
• Wall Street is overwhelmingly bullish with 32 of 33 recent ratings at Buy and an average price target around $305.86, while Stifel and Oppenheimer reiterated $282 and $265 targets respectively.
• The stock trades at roughly 24.5 times forward earnings and sits about 43% below its five‑year average multiple even as it has risen modestly year‑to‑date versus big gains in some chip peers.
• Analysts say Q3 revenue guidance — consensus near $103.5 billion — is the real market mover because it will reveal whether hyperscaler cloud spending will keep growing.
• If Nvidia posts strong Q3 guidance it will lift earnings estimates and investor appetite for AI infrastructure stocks, while weaker guidance could trigger rapid revisions because current growth is already priced in.