Nvidia earnings: Wall Street watching for hyperscaler spending, China demand with stock near highs

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Updated

2025-08-27T13:50:57Z

  • Nvidia will release its second-quarter earnings after the closing bell on Wednesday.
  • Shares of the tech giant were up 35% year-to-date through Tuesday.
  • Wall Street remains bullish on the stock, and will be looking for updates on hyperscaler spending.

Nvidia will report fiscal first-quarter earnings on Wednesday after the closing bell.

Wall Street will be closely watching for signs that AI-chip demand from hyperscalers like Microsoft, Meta, and Amazon is staying strong. Investors will also be looking for updates on how Nvidia is faring in China.

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 35% year-to-date through Tuesdays’s close, handily outpacing the S&P 500‘s 10% increase.

Nvidia’s consensus second-quarter revenue estimate is $46.23 billion.

Second quarter

Third quarter

  • Revenue estimate: $53.46 billion
  • Adjusted gross margin estimate: 73.4%
  • Adjusted operating expenses estimate: $4.26 billion
  • Capital expenditure estimate: $1.23 billion

Full year 2026

  • Revenue estimate: $203.68 billion
  • Capital expenditure estimate: $4.72 billion

Source: Bloomberg