Nvidia Earnings Preview: A "2+2 Quarter" Is The Minimum

NVDA is slated to report earnings after US market close today. Investors are expected to focus on directional commentary on visibility into 2027, non-traditional customer demand trends, competitive dynamics, and China business trends. Attention will also be geared towards guidance/commentary around Blackwell & Rubin. 

Needless to say, expectations are high for Nvidia as customers have announced huge capex plans, but a positive stock reaction is key for the Nasdaq after recent underperformance. As Arnaud Girod, head of cross-asset strategy at Kepler Cheuvreux, said, “we’re in the thick of uncertainty about the disruption of AI with the market de-rating entire segments of the stock market.”