By Noah Weidner
Publication Date: 2026-08-27 01:26:00
Nvidia has had a knack of besting analyst expectations and being punished for it. After another record-setting quarterly earnings report, which smashed the ‘whisper estimates’ laid out by Wall Street analysts in recent days, it seems to have broke the streak.
On Wednesday, the chipmaker upgraded the company’s current quarter revenue, promising investors that it would exceed $100 billion in revenue for the first time in its Q3 2027 earnings report. But not only that, it did something else it never did before: It laid out a forecast for its next fiscal year.
And just like that, a modest decline in $NVDA turned into a wave of praise, with the company’s stock soaring nearly 5% to fresh all-time highs.
What were the results?
Going into the ‘Super Bowl of Earnings’, most on Wall Street had no doubts that Nvidia was going to beat. The question was ultimately by how much. When the rooster came to roost, its Q2 2027 results didn’t just best the LSEG analyst numbers, but the most outlandish of ‘whisper’ figures heard on Wall Street:
Data center revenue, which is the largest portion of Nvidia’s revenue, more than doubled. That showing emboldened the company to issue a bold forecast for its current quarter, Q3 2027. It’s expecting $108 billion in revenue, plus or minus 2%, blowing past the centi-billion milestone.
But its forecast didn’t stop here. On its earnings call that followed, Nvidia EVP and CFO Colette…
