Nvidia will report fiscal second-quarter results after the bell.
Here are the key numbers, according to analyst estimates as compiled by LSEG.
- Earnings per share: $2.10 estimated
- Revenue: $92.17 billion estimated
Nvidia sits at the center of the artificial intelligence world and has grown fiercely on the back of the AI boom.
The company’s chips have been used to build and serve the most advanced AI models, and increasingly Nvidia is providing financial support through backstops and other arrangements that allow new AI data centers to get funded and built.
Almost four years since the launch of OpenAI’s ChatGPT, Nvidia is still seeing massive growth, with revenue in the latest quarter expected to almost double from $46.7 billion a year earlier.
But following a historic three-year rally, investors have somewhat cooled on the stock this year, sending it up just 14% as of Tuesday’s close, slightly outperforming the Nasdaq. While the business continues to hum along, competition is on the horizon from Advanced Micro Devices, Google and others. And the company faces soaring memory costs as a worldwide shortage shows no signs of abating.
Nvidia is in the middle of a massive product cycle. Its new Vera Rubin AI systems have started to ship to customers such as Microsoft and OpenAI, and investors want to hear how sales are ramping up and whether there have been any issues with supply.
Earlier this year, Huang told attendees at the company’s GTC conference that he expects $1 trillion in sales through 2027 from current-generation Blackwell chips as well as Vera Rubin.
The company’s conference call with investors begins at 5 p.m. ET. and tune in at 6 p.m. ET for “Mad Money” as Nvidia CEO Jensen Huang joins CNBC’s Jim Cramer to talk about earnings results. Watch in real time on CNBC+ or the CNBC Pro stream.
CNBC’s reporters are covering Nvidia earnings from bureaus in San Francisco and Englewood Cliffs, New Jersey.
