# Nvidia Earnings Guide 2026: When NVDA Reports & What to Watch
Nvidia reports earnings every quarter, and the stock moves 5-15% on guidance. This guide explains the earnings calendar, what metrics matter most, and how to position before earnings announcements.
2026 Earnings Schedule
| Quarter | Fiscal Year | Report Date | Timeframe |
|---|---|---|---|
| Q1 FY2027 | April 2026 | May 22, 2026 | Jan-Mar 2026 |
| Q2 FY2027 | July 2026 | August 20, 2026 | Apr-Jun 2026 |
| Q3 FY2027 | Oct 2026 | November 19, 2026 | Jul-Sep 2026 |
| Q4 FY2027 | Jan 2027 | Late Feb 2027 | Oct-Dec 2026 |
Note: Nvidia's fiscal year ends January 31.
Key Metrics Analysts Watch
Revenue by Segment
Data Center Revenue:- Current (FY2026): $140B (86% of total)
- Expected FY2027: $170-185B (+22-32% growth)
- Impact: Drives stock valuation; below 20% growth = 10-15% stock decline
- Current (FY2026): $15B (9% of total)
- Expected FY2027: $14-15B (flat)
Gross Margin
FY2026 Gross Margin: 70%+ (extraordinary)- FY2027 Expected: 68-70% (slight compression as volumes rise)
- Watch: Below 68% signals competitive pressure or cost inflation
Forward Guidance
Most important indicator: Nvidia's data center revenue guidance for next quarter. If guidance beats consensus by 5%+ = stock up 8-10%.
How to Prepare
Before Earnings
1. Set calendar alerts for earnings dates
2. Review Wall Street consensus (EPS, revenue, margin)
3. Understand beat/miss scenarios
4. Reduce position size if you cannot tolerate 5-10% swings
Beat Scenario
- EPS > $3.30, Revenue > $26.5B, Margin > 71%
- Stock likely: Up 5-10%
Miss Scenario
- EPS < $3.00, Revenue < $24.5B, Margin < 68%
- Stock likely: Down 8-12%
Historical Earnings Pattern
Nvidia consistently beats earnings by 10-20%. But stock is priced for beats, so only matching expectations = selloff.
| Quarter | EPS | Estimate | Beat | Stock Move |
|---|---|---|---|---|
| Q4 FY2026 (Jan) | 4.93 | 4.07 | +21% | +16% |
| Q3 FY2026 (Oct) | 4.02 | 3.85 | +4% | +7% |
| Q2 FY2026 (Aug) | 3.53 | 3.09 | +14% | +5% |
| Q1 FY2026 (May) | 2.45 | 2.10 | +17% | +8% |
Trading Strategy
Conservative
- Reduce position 10-20% one week before earnings
- Lock in profits on 20%+ gains
- Buy dips after earnings if stock sells off 2-3% on beats
Why
Earnings are binary. 5-10% swings aren't worth portfolio risk.
2026 Outlook
Q1 FY2027 (May 22)
- Expected EPS: $3.20, Revenue: $25.5B
- Likely outcome: +5-10% beat, stock +3-7%
Q2 FY2027 (Aug 20)
- Expected EPS: $3.80, Revenue: $28.0B
- Likely outcome: +8-12% beat, stock +4-8%
Full Year FY2027
- Expected revenue: $110-115B (+35-40% YoY)
- Expected EPS: $15-16 (fully diluted)
- Gross margin: 68-70%
If Nvidia delivers: Stock likely reaches $180-210 by end of 2026.
Final Take
1. Mark earnings dates on calendar (May 22, Aug 20, Nov 19, Feb 2027)
2. Know consensus before earnings
3. Reduce position size before volatility
4. Don't predict direction; buy dips after beats
5. Watch data center guidance (most important metric)
Track Nvidia (NVDA) earnings calendar and guidance at Stock Market ROI.
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