Nvidia Q2 Earnings In 14 Days: What To Expect From Nvda Stock?

What Happened

The year-ago quarter makes the math easy. Nvidia earned $1.05 per share on $46.7 billion in revenue. Hitting $92 billion would nearly double the top line.

One caveat on the earnings figure. TipRanks puts consensus at $2.08 from 37 analysts. Zacks, tracked by Nasdaq, shows $2.01 from 11. The gap is small, but it decides what counts as a beat.

Analysts are almost uniformly positive. Of the 37 tracked, 36 rate the stock a Buy and one a Hold. The average target sits near $310, with estimates from $250 to $500.

Market Context

Crypto traders have their own reason to watch. Nvidia’s November 2025 report lifted Bitcoin above $91,000. AI sentiment now moves both markets.

Why It Matters

Nvidia reports Q2 earnings on August 26, and Wall Street already knows the headline number. Analysts expect about $92 billion in revenue and earnings per share of $2.08, double the year-ago figure.

The report is due in 14 days. Nvidia guided to $91 billion, so a beat is close to assumed. What to expect beyond that is where analysts split.

What Wall Street Expects From Nvidia Q2 Earnings

The call begins at 5 p.m. ET. It covers the quarter that ended July 26. Nvidia set the bar itself in May. It grew to $91 billion, give or take 2%, with gross margin near 75%. Those figures come from the company’s own outlook.

The beat is expected because it keeps happening. The size of it barely changes.

Bank of America expects $94 billion to $95 billion this time. That is a beat of $3 billion to $4 billion. It sits exactly inside the pattern.

While none of this means demand is fading, it does explain why a headline beat may not move the stock much.

The Guidance Number to Expect is $108 Billion

Goldman Sachs analyst James Schneider holds a Buy rating with a $285 target. He expects meaningful upside to guidance. He also warns that the bar is high after a 12% two-week run.

Details

Nvidia Has Beaten Its Own Guidance for Three Straight Quarters

Nvidia guided to $54 billion for the October 2025 quarter and delivered $57 billion.

It guided to $65 billion for January and delivered $68.1 billion.

They also guided to $78 billion for April and delivered $81.6 billion.

That is a beat of $3 billion, $3.1 billion, then $3.6 billion. Every figure comes from Nvidia’s own quarterly releases.

So the surprise would be a small beat, not a large one.

The Growth Rate is the Part Nobody Highlights

Here the picture shifts. Revenue growth from one quarter to the next has run near 20% three times in a row.

Nvidia’s $91 billion revenue guide implies growth of just 11.5%. Even Bank of America’s $95 billion works out to 16%. Both are the slowest pace in more than a year.

The year-on-year number still looks enormous at roughly 97%. That is because the comparison base is small, not because momentum is building.

Bank of America analyst Vivek Arya models third-quarter guidance of $107 billion to $108 billion. Analysts currently carry roughly $104 billion. Arya keeps a Buy rating and a $350 target.