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Nvidia Q2 Financial Report Set for August 27
Nvidia is scheduled to release its quarterly financial results on August 27, 2023, after market close. Analysts are projecting revenue of $45.75 billion, reflecting a growth of about 53%, along with earnings per share (EPS) of $1.00, which would be a 47% increase. Nvidia has seen a remarkable stock surge of 1,140% since the start of 2023, largely driven by the demand for its AI-centric chips.
In the first fiscal quarter of 2026, Nvidia reported a record revenue of $44.1 billion, a 69% increase year over year, despite a $4.5 billion inventory charge due to a temporary ban on chip sales to China. Analysts speculate that resuming these sales could contribute an additional 10% to revenue for the fiscal year, with an estimated $19.5 billion in potential chip sales following the lift of the China sales moratorium.
Nvidia’s Blackwell architecture is cited as a major growth driver, with CFO Colette Kress stating it has expanded rapidly across all customer categories. Of the 65 analysts covering Nvidia, 89% rate the stock as a buy, with price targets averaging $187, indicating modest upside potential. Notably, Loop Capital analyst John Donovan has a more bullish target of $250, suggesting strong ongoing demand.
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