Nvidia reports on August 26, 2026 — the bar is $92 billion
Nvidia reports fiscal second-quarter 2027 results after the US close on August 26, 2026 — the release at about 4:20pm Eastern and the call at 5:00pm, which is early morning of August 27 in Seoul. Company guidance was 91 billion dollars plus or minus 2 percent; consensus estimates run from 91.85 to 92.2 billion depending on the provider, with EPS of 2.08 dollars. The prior quarter produced a record 81.62 billion in revenue, 75.2 billion of it from data centre — over 92 percent of the company. The stock arrived on a seven-session losing streak
The three lines
- Timing — 4:20pm ET release and 5:00pm call on August 26, which is the morning of August 27 in Seoul
- Bar — company guidance $91bn ±2%, consensus $91.85–92.2bn, EPS $2.08, gross margin guided at 75%
- Shape — last quarter's $81.62bn revenue was 92%+ data centre. One segment is the company
Key questions
- When exactly does Nvidia report earnings?
- **After the close on Wednesday, August 26, 2026, US Eastern time.** The release lands at roughly **4:20pm ET** and the management call begins at **5:00pm ET**. In Korea that is about **5:20am and 6:00am on Thursday, August 27** — before the Korean market opens, which is why Korean semiconductor shares tend to gap on the report. The quarter being reported is **fiscal Q2 2027**. Nvidia's fiscal year ends in late January, so this covers roughly **May through July 2026** on the calendar. The fiscal-year label runs a year ahead of the calendar, which is a common source of confusion in headlines.
- What revenue number counts as a good result?
- There are **three reference points**, and they do not agree. The company's own **guidance was 91 billion dollars, plus or minus 2 percent**. Analyst **consensus** sits above it, but differs by provider — **92.2 billion** per Visible Alpha, **91.85 billion** in a 40-analyst poll, with earnings of **2.08 dollars a share**. And the **prior quarter came in at 81.62 billion**. In practice the market's working bar is **around 92 billion**. Revenue alone will not decide the reaction, though. The **guidance for the following quarter** and the **gross margin** — guided at 74.9 percent GAAP and 75 percent non-GAAP — have moved the stock more than the headline revenue in several past quarters. This brief covers how those estimates are built in "What an analyst consensus is."
- Can the stock fall on good numbers?
- It has, in **six of the past eight quarters** by one count. The mechanism is structural rather than surprising. Strong results are **already priced in before the release**, so the only new information on the day is whether the print beat the expectation and what the company says about the next quarter. A record number that merely matches consensus carries no new information at all. This time an extra condition applies: the stock fell for **seven consecutive sessions** into the print, its longest run since 2022, shedding more than 8 percent. Expectations were marked down in advance, which means **the same number can produce a different reaction than it would have a fortnight earlier.** This brief does not forecast the direction.
Nvidia reports after the US close on August 26.
The release lands near 4:20pm ET, the call at 5:00pm — about 5:20am and 6:00am on August 27 in Seoul.
The numbers arrive before the Korean market opens.
1. The reference points
| Source | Revenue | |
|---|---|---|
| Company guidance | $91bn ±2% | Nvidia |
| Consensus (Visible Alpha) | $92.2bn | data provider |
| Consensus (40-analyst poll) | $91.85bn | data provider |
| Prior quarter actual | $81.62bn | fiscal Q1 2027 |
EPS consensus is $2.08. Gross margin is guided at 74.9 percent GAAP, 75 percent non-GAAP.
The market's working bar is around 92 billion dollars — one notch above what the company itself guided. That gap is not an accident. Nvidia has exceeded its own guidance for several consecutive quarters, so the market adds a premium to guidance when forming its expectation. The company's number has become a floor rather than a forecast.
One labelling note: Nvidia's fiscal year ends in late January. The "fiscal Q2 2027" being reported here covers roughly May to July 2026.
2. One segment is 92 percent of the company
| Fiscal Q1 2027 | |
|---|---|
| Total revenue | $81.62bn (+85% year on year, +20% sequentially) |
| Data centre | $75.2bn |
| Data centre share | over 92% |
Gaming, professional visualisation and automotive together account for less than 8 percent.
Reading Nvidia's earnings has therefore become an exercise in reading how fast cloud providers and AI companies are buying GPUs — and little else.
That concentration is the structural risk. When more than 92 percent of revenue sits in one segment served by a small number of very large customers, a single quarter's delay in any of their purchasing plans moves the whole number. This brief covers adjacent parts of that demand picture in "What AI data centre power means — why it is counted in gigawatts, not megawatts" and "What GPU depreciation is — change one number and an AI company's profit changes."
3. The stock was already down going in
| Consecutive declines | 7 sessions (longest since 2022) |
|---|---|
| Decline over the run | more than 8% |
| 2026 year to date | about +12% |
| PHLX Semiconductor Index, YTD | about +61% |
| 200-day moving average | around $208, with the price near it |
The semiconductor index gained about 61 percent this year while Nvidia gained about 12 percent.
That is not a market questioning AI demand. It is a market questioning how much of that demand converts into Nvidia's revenue specifically, given competition, customer in-house silicon programmes, and supply timing.
The roughly 2 percent gain on August 25 ended the streak but left the stock below its 20-day and 50-day averages and sitting on its 200-day.
4. Why good numbers do not guarantee a good day
One tally frames the whole event: in six of the past eight quarters, Nvidia's shares fell after it reported.
Not because the results were weak. Because of the sequence.
| Stage | What happens |
|---|---|
| Before the print | Strong results are already in the price |
| The print | Actual numbers arrive |
| The reaction | The market computes beat versus expectation, not good versus bad |
| Then | Next-quarter guidance resets the price again |
So the real variables on the day are often guidance and gross margin, not revenue. A gross margin that slips even a point gets read as weakening pricing power, and that reading survives a revenue beat.
This quarter adds a fourth variable: expectations were cut in advance. A seven-session slide can be read as disappointment already absorbed, or as the market pricing something it has not yet articulated. This brief takes no position on which.
5. What is not settled
- A single consensus figure — providers report 91.85 and 92.2 billion. Post-release "beat" and "miss" headlines may genuinely conflict.
- Prior-quarter figures — 81.62 and 75.2 billion come from summaries, not the filing.
- Blackwell and Rubin contribution — analyst ranges are too wide to cite.
- "Six of eight quarters" — single-source tally, not recomputed here.
- What to watch — three numbers at about 5:20am Seoul time on August 27: quarterly revenue, next-quarter guidance, and non-GAAP gross margin. Those set the opening level for Korean chip shares that morning; this brief covers how they traded into the event in "KOSPI closes at 6,742.74 on August 25, 2026."
Sources
- Regards of Wallstreet — When Does Nvidia Report Earnings? Wednesday, August 26, After the Close. The Bar Is $91 Billion
- Seeking Alpha — Nvidia Earnings Preview: Q2 2027
- REX Shares — NVIDIA Earnings Q2 FY27: Revenue, Data Center, AI Capex
- TradingKey — Nvidia Q2 Earnings Preview: $92 Billion Revenue Forecast Fails to Halt Seven-Day Slide
- Yahoo Finance — Nvidia stock is on a 7-day losing streak ahead of its big earnings report
- Yahoo Finance — Stock market today, August 25, 2026: investors await Nvidia earnings