Goldman Sachs analysts expect Nvidia to deliver $34.3 billion in revenue for the third quarter, with adjusted earnings per share at $0.79, which is above consensus estimates. They predict strong demand for Nvidia's Hopper-based GPUs and Spectrum-X to drive strong double-digit data center revenue growth. Wedbush analyst Dan Ives expects Nvidia to beat revenue estimates by $2 billion and deliver revenue guidance that beats estimates by $2 billion. Bloomberg Intelligence analyst Kunjan Sobhani expects Nvidia's gross margin to decline, yet remain above 73%.
Key takeaways:
- Nvidia is set to report third-quarter earnings and Wall Street is focused on the demand for Nvidia's Blackwell GPU chip, with expectations of strong demand and significant revenue growth.
- CFRA Research advises investors to temper expectations for the Blackwell launch, expecting it to be supply constrained through 2025 due to high demand from hyperscalers for next-generation data centers.
- Goldman Sachs expects strong demand for Nvidia's Hopper-based GPUs and Spectrum-X to drive strong double-digit Data Center revenue growth, and rates Nvidia at 'Buy' with a $150 price target.
- Wedbush expects Nvidia to beat revenue estimates by $2 billion and deliver revenue guidance that beats estimates by $2 billion, with robust Blackwell production and demand.