Overview

• Consensus forecasts call for roughly $46.4 billion in revenue and about $1.02 in adjusted EPS for the quarter, pointing to another record print.
• Options pricing implies a roughly 6.5% swing for the stock by week’s end, signaling elevated expectations for a post‑earnings move.
• Nvidia previously warned the quarter would reflect an ~$8 billion hit from tightened China export rules, while a new 15% revenue‑sharing arrangement to resume some H20 shipments was reported too late to affect Q2 and may shape guidance.
• Blackwell remains the key product driver after about $27 billion in sales and roughly 70% of data‑center revenue, with investors seeking clarity on system‑level shipments and the Blackwell Ultra ramp expected in the second half of 2025.
• Analysts stay broadly bullish with many targets above $200 and recent raises from firms including Baird, Stifel, Morgan Stanley, UBS, and Wedbush, as hyperscaler AI capex and Nvidia’s market share set the tone for outlook.