2025-05-28T14:43:47Z
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- Nvidia will release its first-quarter earnings after the closing bell on Wednesday.
- Shares of the tech giant were up 0.9% year-to-date through Tuesday.
- There are concerns around how tariffs will impact the business, but Wall Street is still optimistic.
Nvidia will report fiscal first-quarter earnings on Wednesday after the closing bell.
The impact of President Donald Trump’s tariffs on Nvidia will be in focus, as will the company’s shrinking market share in China. The overall outlook for Nvidia earnings on Wall Street is generally upbeat, but uncertainty looms in the second half of 2025.
The earnings-release time is shortly after 4 p.m. ET, and its conference call with analysts will start around 5 p.m.
Nvidia’s stock was up 0.9% year-to-date through Tuesdays’s close, slightly outpacing the S&P 500‘s 0.7% increase.
2025-05-28T14:30:47Z
Bank of America says guidance could be “messy”
Illustration by Cheng Xin/Getty Images
Nvidia should post a “modest” sales beat in the first quarter, but analysts at Bank of America said the company’s guidance for the current quarter could be “messy. ” They pointed to the impact of tariffs on Nvidia’s shipments from China.
The bank estimated that Nvidia could see a $4 billion to $5 billion headwind on shipments from China in the second quarter. Sales guidance for the second quarter could be revised down to $41 billion, down from the $46 billion consensus estimate.
BofA estimated that Nvidia’s total sales for the 2026 fiscal year could be around 6% below consensus, while earnings could be around 10% below consensus.
“Despite these near-term headwinds, we maintain Buy on NVDA, a top sector pick given its unique leverage to the global AI deployment cycle and possibility for China sales recovery on new redesigned/compliant products later in the year,” analysts wrote.
The bank has a price target of $160 a share, implying 19% upside from current levels.
2025-05-28T14:00:26Z
Nvidia’s consensus first-quarter revenue estimate is $43.32 billion.
First quarter
Second quarter
- Revenue estimate: $46.37 billion
- Adjusted gross margin estimate: 72%
- Adjusted operating expenses estimate: $3.86 billion
- Capital expenditure estimate: $913.9 million
Full year 2026
- Revenue estimate: $200.56 billion
- Capital expenditure estimate: $3.82 billion