Nvidia to Announce Quarterly Results Post-Market Close

• Wall Street expects adjusted EPS of $1.53 and revenue of $66.2 billion, marking an 11th consecutive quarter of growth above 55% driven by AI chip demand
• Major customers including Amazon, Microsoft, Google, and Meta recently announced increased AI infrastructure spending, with combined capex potentially approaching $700 billion in 2026
• Gross margin is a key focus area as global memory shortages and rising memory costs could pressure profitability, though Nvidia guided for around 75% gross margin versus 73.5% in the prior quarter

Nvidia Quarterly Earnings Summary

Key Expectations:

Nvidia is reporting fiscal Q4 results after market close Wednesday, with Wall Street expecting adjusted EPS of $1.53 and revenue of $66.2 billion—representing 68% year-over-year growth from $39.3 billion. This would mark an 11th consecutive quarter of growth exceeding 55%.

Performance Context:

The chipmaker has been the best-performing megacap tech stock this year, dominating the AI chip market with approximately 90% of revenue now derived from data center hardware. Analysts project Q1 revenue growth of 65% to $72.6 billion.

Market Tailwinds:

Major customers—Amazon, Microsoft, Google, and Meta—recently indicated plans to increase AI infrastructure spending, with combined capital expenditures potentially approaching $700 billion for the year. A significant portion flows directly to Nvidia, which supplies AI chips to hyperscalers and high-profile startups like OpenAI and Anthropic.

Key Risk Factor:

Investor focus centers on gross margin performance amid soaring high-bandwidth memory (HBM) prices and global supply shortages. Memory is critical for Nvidia's AI systems, and demand has "far outpaced" supply according to Micron executives. Nvidia guided for Q4 gross margin around 75%, up from 73.5% in Q3. Cantor analysts expect slightly higher margins, noting this as a "focus area" as the company scales production and faces rising memory costs.

Data Center Dominance:

The data center segment is expected to grow 70% to $60.7 billion, according to StreetAccount estimates, reflecting Nvidia's evolution from gaming graphics cards to AI infrastructure leader.

Management will host an earnings call at 5 p.m. ET to provide updates and guidance.