By Daniel Sparks
Publication Date: 2026-08-20 00:37:00
Nvidia(NVDA -0.99%) reports results for its fiscal 2027 second quarter (the period ended July 26) next Wednesday, Aug. 26. The company’s own guidance, issued back in May, calls for revenue of $91.0 billion, plus or minus 2%.
Wall Street’s average estimate sits near $91.9 billion, based on the 42 analyst estimates compiled by Yahoo! Finance, with adjusted earnings pegged near $2.08 per share. That’s a gap of about $1 billion on a $91 billion base.
And I think the small size of that gap is the most interesting number in the whole setup.
Image source: Nvidia.
A $1 billion gap
Nvidia’s plus-or-minus 2% puts the guide’s ceiling near $92.8 billion and its floor near $89.2 billion.
Wall Street’s $91.9 billion lands inside that range, about 1% above the midpoint. Analysts, in effect, are projecting a beat so modest that Nvidia’s own outlook already contains it. For a stock that has spent three years defined by blowout quarters, that’s an unusually quiet setup.
Either number still means staggering growth, to be clear.
The year-ago quarter brought in $46.7 billion, so the guide’s midpoint implies revenue close to doubling year over year. The comparison is fair, too: China data center compute revenue was essentially absent from that year-ago quarter, just as the current outlook assumes.
Nvidia keeps clearing its own bar
Recent history suggests the quiet setup is too quiet.
In May, Nvidia reported $81.6 billion of fiscal first-quarter revenue — about $2 billion above the top of the…
