Nvidia Projected to Post $79B Q1 Revenue, $87.2B Q2 Guidance Spotlight
NVDA•Nvidia’s fiscal Q1 revenue is projected to reach $79 billion (up 80% year-over-year) with EPS of $1.78, following a streak of beats since 2022 despite mixed stock reactions. Investors will focus on Q2 guidance of $87.2 billion (up 87% YoY) and updates on Rubin chip demand.
1. Earnings Preview
Nvidia is expected to report $1.78 in earnings per share on $79 billion in revenue for its fiscal first quarter, marking 80% year-over-year growth and an acceleration from the prior quarter’s 73% increase.
2. Historical Stock Reactions
Despite beating revenue estimates every quarter since 2022, shares have fallen after the last three reports—down 5.5% post-Q4, 3.2% post-Q3 and 0.8% post-Q2—while the last double-digit move came with a 16% jump in February 2024.
3. Guidance and Chip Pipeline
Analyst consensus for Q2 revenue sits at $87.2 billion (up 87% YoY), and investors will seek clarity on Rubin, the next-generation AI chip, plus commentary on order trends, China sales and supply-chain bottlenecks.
4. Market Impact
At a $5.3 trillion market cap, Nvidia accounts for 8.5% of the S&P 500 and 9% of the Nasdaq-100, contributing 1.5 percentage points to the S&P’s 8.6% gain and 1.65 points to the Nasdaq-100’s 15% rise, underscoring its market-moving influence.
