Nvidia Stock Poised for Another Earnings Beat as Q2 FY 2026 Results Approach

Nvidia's Q2 FY 2026 earnings are expected to reach $46 billion, a 50% jump from last year, driven by robust AI landscape earnings and demand. Analyst Matt Bryson remains bullish, citing hyperscaler spending and US government decisions opening up the China market. Bryson boosts his price target to $210, implying an 18% upside from current levels. The stock has surged 90% since April and holds a Strong Buy consensus rating with a 12-month average price target of $198.97, suggesting a 12% upside.

Nvidia Corporation (NVDA) is poised to release its Q2 FY 2026 earnings after the market closes on Wednesday, August 27. Analysts anticipate a record-breaking performance, with projected adjusted earnings per share (EPS) of $1.02 and revenue of $46.45 billion, representing a 50% year-over-year (YoY) increase [1].

Despite this robust outlook, Nvidia faces potential headwinds from China export curbs, which could result in an $8 billion hit. The company has reportedly told suppliers to suspend production of its H20 chip due to security concerns raised by Beijing [3]. This move is expected to impact the company's revenue, particularly in its data center business, which has been a primary growth engine.

Analysts remain bullish on Nvidia's prospects. Twelve out of 13 Wall Street analysts call the stock a "buy," with price targets ranging from $155 to $225 [1]. UBS analyst Timothy Arcuri recently raised his price target to $205 from $175, citing strong demand signals and projecting another beat in the upcoming Q2 earnings report [2].

Nvidia's strong performance is driven by the continued strength in its Data Center business, which benefits from the increasing adoption of cloud-based solutions and the growing hybrid working trend. The company's AI chips, including the A100, H100, B100, B200, and GB200, are the top choices for building and running powerful AI applications, positioning Nvidia as a leader in the generative AI market [1].

Analyst Matt Bryson remains bullish, citing hyperscaler spending and US government decisions opening up the China market. Bryson boosts his price target to $210, implying an 18% upside from current levels. The stock has surged 90% since April and holds a Strong Buy consensus rating with a 12-month average price target of $198.97, suggesting a 12% upside [3].

In conclusion, while Nvidia faces potential challenges from China export curbs, the company's strong product portfolio and leadership in AI make it a compelling investment opportunity. Analysts' overwhelmingly bullish stance suggests that investors should closely monitor Nvidia's earnings report and the company's response to the China export curbs.

References:
[1] https://finance.yahoo.com/news/nvda-buy-nvidia-stock-aug-192124545.html
[2] https://www.ainvest.com/news/ubs-raises-nvidia-price-target-205-q2-earnings-2508/
[3] https://www.investopedia.com/what-wall-street-analysts-think-of-nvidia-stock-ahead-of-earnings-wednesday-11796072