By Bram Berkowitz
Publication Date: 2026-05-15 08:14:00
After the market closes on May 20, the artificial intelligence chip giant Nvidia (NVDA +4.39%) will report its fiscal 2027 first-quarter results.
The report will be followed by a conference call between Nvidia’s management team, led by CEO Jensen Huang, and Wall Street analysts to further discuss the quarter, market conditions, and the chipmaker’s future.
Based on Nvidia’s track record of beating earnings expectations and the strong quarterly reports that we’ve already seen from the hyperscalers that are its top customers, I fully expect Nvidia to report another blowout quarter. However, I also predict that report will do little for the stock in the near term.
Image source: Nvidia.
What the market expects
The market always looks at analysts’ estimates for a company before a quarterly earnings print. The estimates of those professionals covering a stock are averaged to produce “consensus” estimates on earnings and revenues, and if the company’s results come in above these levels, the market often tags it as a strong quarter.
According to Visible Alpha, for Nvidia’s fiscal 2027 first quarter (which ended April 26), the analysts’ consensus expectations are (as of May 11):
If those numbers prove accurate, revenue would have risen nearly 44% year over year and about 15% from the prior quarter. That also means diluted EPS would be up nearly 115% year over year, and up about 7.5% from the prior quarter. The expected gross margin is roughly even with the prior quarter.
As I…
