Nvidia's Q2 Revenue Forecast Beats Consensus, Analyst Raises FY26 Sales to $210-$215B

Nvidia is expected to report Q2 revenue of $47 bln, beating the $45.8 bln consensus, driven by strong sales momentum and cloud infrastructure spending. The analyst forecasts mid-teens QoQ growth to $54 bln in Q3 and raises the fiscal 2026 sales forecast to $210-$215 bln. The analyst attributes the expected beat-and-raise to continued strength in Blackwell and Blackwell Ultra, rising AI-related capex from hyperscalers, and the potential $5-$10 bln upside from resumed H20 sales in the second half.

Nvidia Corporation (NASDAQ: NVDA) reported strong Q2 revenue of $47 billion, surpassing the $45.8 billion consensus estimate. This performance is driven by robust sales momentum and increased cloud infrastructure spending. The company's analyst forecasts mid-teens quarter-over-quarter (QoQ) growth to $54 billion in Q3 and has raised the fiscal 2026 sales forecast to $210-$215 billion.

The beat-and-raise in Q2 revenue is attributed to several key factors. The continued strength of the Blackwell and Blackwell Ultra products, rising AI-related capital expenditure (capex) from hyperscalers, and the potential $5-$10 billion upside from resumed H20 sales in the second half of the year are all contributing to the positive outlook.

Nvidia's data center division continues to be a significant driver of revenue growth. As enterprises scale up generative AI, autonomous vehicles, and data-driven cloud infrastructure, Nvidia's graphics processing units (GPUs) remain an essential tool across various sectors. The company's strong fundamentals, including high gross margins and consistent earnings surprises, have further bolstered investor confidence.

Analyst sentiment remains positive, with 43 out of 48 analysts rating NVDA as a Buy or Strong Buy. The average 12-month price target is around $181.27, with a low target near $100 and a high at $250. However, concerns about valuation, rising competition from AMD and Intel, and regulatory scrutiny around AI infrastructure have some investors questioning how much upside remains.

Looking ahead, Nvidia's trajectory will depend on its ability to maintain pricing power and operational scale in the face of intensifying competition. The company's leadership in high-performance computing and its deep integration in enterprise cloud stacks may support continued revenue expansion. Earnings reports, product roadmap updates, and regulatory decisions will serve as major catalysts in the months and years ahead.

References:
[1] https://finance.yahoo.com/news/nvda-stock-price-prediction-where-070852948.html