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Aug 28, 2024 7:20 AM

Will Nvidia Continue To Deliver? Investors Sweat Over Hyped-up Expectations And Potential Blackwell Delay Ahead Of Q2 Report

Chipmaker and artificial intelligence stalwart Nvidia Corp. (NASDAQ:NVDA) is all set to announce its quarterly results Wednesday after the market close. Analysts are upbeat about the company scaling lofty goals and reigniting the market momentum, which has toned down a bit in recent sessions.

The Street View: The Santa Clara, California-based company is widely expected to report strong top and bottom-line growth for the fiscal year 2025-second quarter, as demand for its AI accelerators remains strong. Here’s what the Street models vis-à-vis prior periods:

Q2’25 Consensus*

Q2’25 Guidance

Q2’24

Q1’25

Revenue

$28.68B

$28B +/- 2%

$13.51B

$26.04B

Non-GAAP EPS

64 cents

N/A

27 cents

61 cents

Gross margin (non-GAAP)

N/A

75.5% +/- 50 bps

71.2%

78.9%

*according to Benzinga Pro data

WestPark Capital analyst Kevin Garrigan said he sees revenue driven by sequential growth across all end markets and particular strength in data center business. “We believe Hopper demand remains strong, with positive data points coming from various cloud customers and the AI supply chain,” he said.

Nvidia has been topping earnings estimates by about 18%, on average, in each of the previous four quarters.

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