By Leonie Kidd
Publication Date: 2026-08-26 06:20:00
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company’s “Japan AI Ecosystem” reception in Tokyo, Japan, on Thursday, July 16, 2026.
Kiyoshi Ota | Bloomberg | Getty Images
Hello, this is Leonie Kidd coming to you from London.
Nvidia is carrying the weight of the AI world on its shoulders. But, with sky-high earnings expectations, can the group led by CEO Jensen Huang actually impress investors?
Read on.
What you need to know today
Nvidia will report earnings after the bell on Wall Street on Wednesday. The AI darling’s blockbuster performance over the last year has driven earnings forecasts higher, adding to the so-called “expectations premium” Nvidia now needs to surpass.
The Street is projecting an eye-watering set of second-quarter sales at over $92 billion, according to FactSet. Cantor Fitzgerald highlighted consensus third-quarter sales expectations of $103.7 billion in a Saturday report.
Over the last year, Nvidia has beaten expectations across all topline metrics, but shares have been sold down the following trading day, according to Bespoke Data.
Hyperscaling test
This quarter, there is one persistent concern among investors: Nvidia’s dependence on the hyperscalers. The company now reports earnings in a way that separates these hyperscalers into its AI cloud, industrial and enterprise pack. Investors have voiced worries about this concentrated dependence on Amazon, Google and Microsoft.
Nvidia fell 2.9% on Monday,…
