TLDR
Nvidia drops its second-quarter fiscal 2027 earnings after the US close on Wednesday 27 August. The company's own guidance sits at $91 billion in revenue, roughly 95 per cent above the same quarter two years ago. Wall Street expects $91.7 billion and $2.08 a share. China exposure, Blackwell supply and the durability of AI spending are the swing factors.
KEY TAKEAWAYS
Nvidia reports second-quarter results on Wednesday after the New York close, and its own guidance sets the bar: revenue of US$91 billion, plus or minus 2 per cent, which would be roughly 80 per cent growth on a year earlier. Wall Street consensus sits slightly above that midpoint, near US$91.7 billion and about US$2.08 in earnings per share.[1]
Three things decide the reaction
First, Blackwell supply: whether the new architecture is shipping at the pace data-centre customers have booked. Second, China: Nvidia disclosed this month that its H200 licensing programme has yet to earn a dollar, so any revenue recognised there would be new information. Third, the guide: with the stock priced for continued AI build-out, the October-quarter forecast will matter more than the June-quarter print.[2]
The result reaches Australia quickly. Local super funds hold Nvidia both directly and through index exposure, and the ASX tech sector has traded in the American giant's shadow all year. A miss on Wednesday would show up on Thursday's board in Sydney.[3]
Bushletter's reporting on the H200 China programme is here, and on the AI revenue race here.
SOURCES & CITATIONS
Vikram Singh writes about banking. He follows where money actually moves, from the strategy set in head office to what changes on a customer's phone.
