Nvidia will release its Q2 FY26 results tomorrow, August 27, with Wall Street anticipating another quarter of strong growth driven by demand for AI chips and data center servers. According to TipRanks, Nvidia shares have risen about 42% over the past year as investors bet on the company’s AI momentum.
Street expectations and revenue outlook
Analysts expect Nvidia to report earnings of $1.01 per share, a 49% year-over-year increase. Revenues are projected to rise 53% from the year-ago quarter to $46.05 billion, based on data from the TipRanks Forecast page. TipRanks notes that Nvidia has topped Wall Street earnings forecasts in each of the last nine quarters.
KeyBanc’s John Vinh reiterated a Buy rating and raised his price target to $215 from $190, citing robust demand for AI products and higher server rack shipments supported by improved manufacturing yields. Vinh highlighted strong growth in Nvidia’s Blackwell GPU (B200), with a 40% rise in supply in the second quarter and an expected additional 20% increase in the third quarter. He lifted his Q2 revenue estimate to $47.1 billion from $45.1 billion, above the Street’s $45.7 billion forecast, while trimming his Q3 estimate to $50.4 billion from $53.5 billion to exclude China’s contributions.
Analyst sentiment and options pricing
Ratings, targets, and expected price move
Stifel’s Ruben Roy also reaffirmed a Buy rating and raised his price target to $212 from $202, pointing to strong demand for Nvidia’s Blackwell chips and growing momentum in next-generation products. TipRanks reports a Strong Buy consensus for NVDA based on 36 Buys, three Holds, and one Sell over the last three months. The average Nvidia share price target of $199.94 implies an 11.20% upside.
Options pricing around the print signals anticipation of meaningful volatility. Using TipRanks’ Options tool, options traders are currently expecting a 6.68% move in either direction immediately after the report, based on the at-the-money straddle of contracts closest to expiration following earnings.
As Nvidia prepares to report, the combination of elevated revenue expectations, continued demand for Blackwell GPUs, and broadly positive analyst sentiment sets the stage for a closely watched update on the company’s AI-driven growth trajectory.
