Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025.
Kent Nishimura | Reuters
Nvidia experiences fiscal second-quarter earnings on Wednesday after the bell.
Here’s how Nvidia is predicted to do versus LSEG consensus estimates:
- Earnings per share: $1.01, adjusted
- Revenue: $46.02 billion
That would symbolize 53% year-over-year income development for Nvidia, which carries a market cap of greater than $4 trillion and is already essentially the most useful firm on the planet.
That sort of development would add to a streak of explosive growth for the chipmaker, which has been on a tear for the reason that arrival of OpenAI’s ChatGPT in late 2022 ushered within the generative synthetic intelligence period and created insatiable demand for graphics processing processing items, or GPUs.
Nvidia’s income development has been pushed by its information heart enterprise, which accounts for about 88% of the corporate’s whole gross sales.
There are two key questions analysts will need Nvidia to reply about its information heart enterprise: How are the present technology of chips doing? And what is the state of the corporate’s enterprise in China?
Analysts will need any coloration that Nvidia CEO Jensen Huang can provide them about how gross sales of the corporate’s Blackwell chips are going. Earlier this 12 months, Nvidia stated that Blackwell gross sales could be restricted by the variety of racks the corporate could make, not what number of clients needed to purchase them.
Blackwell is available in a number of completely different configurations, together with one known as GB200 which might be usually bought in a completed rack laptop that has 72 GPUs and prices hundreds of thousands of {dollars}.
“That’s probably going to be the most important thing, because I think right now, demand is clearly outstripping supply,” KeyBanc analyst John Vinh informed CNBC.
The different large query going through Nvidia is its China enterprise. In 2023, it launched a slowed-down chip, known as the H20, particularly to adjust to export controls to China. In April, the Trump administration stated the H20 would require a license. A month later, Nvidia stated it could lose out on $8 billion in gross sales to China.
The Trump administration in July stated it could grant these licenses. But the Chinese authorities has signaled in August that China-based expertise firms ought to use homegrown chips, elevating questions on demand in that nation.
Most analysts count on Nvidia to fully exclude China from its steerage. According to LSEG estimates, Nvidia is predicted to information to just about $53 billion in gross sales for its fiscal third quarter, which might symbolize 51% annual development.
