Nvidia Projects Q4 Revenue of $65B and 71% EPS Growth
Nvidia expects fiscal Q4 revenues around $65 billion ±2%, versus $57 billion last quarter, and EPS of $1.52, a 70.9% year-over-year increase. The company cites booming demand for its Blackwell GPUs, partnerships like META’s AI deployments and a potential $3–4 trillion data-center spending market by 2030 as growth drivers.
1. Q4 Earnings Guidance
Nvidia management has forecast fiscal Q4 (ended Jan. 25) revenues of $65 billion ±2%, up 14% sequentially, and EPS of $1.52, marking a 70.9% year-over-year increase. These projections would exceed the prior quarter’s $57 billion revenue and underscore continued strength in core AI accelerator sales.
2. Post-Earnings Volatility
Despite consistent outperformance, Nvidia shares have historically shown mixed reactions in the week following earnings, reflecting short-term market sentiment swings. Investors should prepare for potential stock fluctuations immediately after the Feb. 25 results release.
3. Long-Term Growth Drivers
Sustained adoption of Nvidia’s Blackwell GPU architecture, coupled with strategic partnerships such as Meta’s AI infrastructure deployment, underpins the company’s long-term bull case. Nvidia anticipates a $3 trillion to $4 trillion global data-center investment cycle by 2030, offering ample runway for accelerated hardware sales.
4. Geopolitics and Valuation
Recent U.S. approvals to ship H200 AI chips to China and select Chinese purchases by firms like ByteDance and Alibaba may ease trade tensions and expand market access. With a net profit margin of 53% and a forward P/E of 25.7 below the industry average of 29.1, Nvidia maintains a favorable valuation profile.