Overview

• Wall Street expects roughly $46 billion in quarterly revenue and about $1.00 to $1.02 in EPS, with most analysts rating the stock a buy.
• Options markets imply about a 6% post-report swing, or roughly a $260 billion move in market value.
• Nvidia agreed to pay 15% of China chip revenue for export licenses, a structure analysts say could trim gross margin by about one point overall on China-bound sales.
• Reports describe Chinese regulators pressing local firms over H20 purchases and suppliers pausing H20-related work, while a circulated Jefferies note alleging an official H20 ban remains unconfirmed.
• Analysts expect management to guide conservatively on China and emphasize the Blackwell ramp, with some projecting no H20 contribution in the outlook.