Institutional Insights: Goldman Sachs Nvidia Earnings 20/5/26
Nvidia Corp. (NVDA): 1Q Preview: Focus on upside to $1 trillion datacenter guidance, plus implications of Agentic AI
Goldman Sachs anticipates Nvidia will report a strong 1Q, likely exceeding expectations due to positive indicators from TSMC and SK Hynix, increased capex from hyperscalers, and optimistic demand forecasts for 2027. However, the market is already expecting robust results, so Nvidia's stock performance will depend more on future guidance than past results.
Goldman maintains a Buy rating with a $250 price target, projecting Nvidia's 1Q revenue to surpass Street estimates by about $2 billion. They expect total revenues of $80 billion and data centre revenues of $74.7 billion for 1Q, and $87.7 billion and $82.1 billion for 2Q, respectively.
The firm's longer-term outlook for FY2027-2029 shows significantly higher EPS and data centre revenue estimates compared to consensus, indicating strong potential growth. Key factors influencing Nvidia's stock will include updates on its $1 trillion data centre revenue visibility and overall market conditions.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 74% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.
Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!