$NVIDIA(NVDA)$ is set to report its fiscal Q1 2026 earnings after market close on May 28 (ET). According to Bloomberg consensus, the numbers look strong once again — revenue is expected to hit $43.27 billion, up 66% year-over-year, with adjusted net income of $22.26 billion and EPS of $0.886.
The ramp-up of the Blackwell architecture is well underway, with H200 shipments accelerating and major cloud players like Microsoft and Google now accounting for over half of Nvidia’s total revenue. Still, pressure is building on the cost side. Gross margin is expected to fall from 73% last quarter to 69.65% this quarter due to weaker yield rates at TSMC and higher packaging costs in Malaysia. R&D spending jumped 49% YoY, with nearly half dedicated to the upcoming Blackwell Ultra.
Investors will also be watching how sustainable this growth really is. While data center now makes up 86% of total revenue, the top five customers account for 58%, raising concerns around customer concentration and pricing power. AMD’s MI300X and Google’s next-gen AI chips are already nibbling at Nvidia’s inference market share. Meanwhile, export restrictions, HBM supply constraints, and the Q2 ramp-up of its Vietnam facility are key variables that could impact delivery schedules and profitability.
🗓 Nvidia ’s earnings call will be held on May 29, 2025, at approximately 05:00 SGT. To set a reminder, click here.
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27 May to 29 May 2025 at 05:00
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While customer concentration and competition from AMD and custom silicon are worth watching, Nvidia’s unmatched software ecosystem (CUDA, TensorRT), early Blackwell Ultra investments, and rapid facility expansion show they’re playing the long game. I'm confident the post-earnings move will be positive given strong fundamentals and guidance potential.
Price to be 140 after earnings!
However, there are growing concerns. Heavy reliance on a few large customers (top 5 making up 58%), cost pressures from TSMC yields and Malaysian packaging, plus rising R&D and competition from AMD and Google — these factors could squeeze margins and test pricing power.
Blackwell’s ramp-up and H200 acceleration offer near-term momentum, but long-term sustainability will depend on how Nvidia navigates concentration risk and evolving supply chain dynamics.
Bullish in the near term, but cautiously watching gross margin and customer diversification.
#Nvidia #NVDA #EarningsPreview #AIChips #StockWatch #GrowthVsPeak
$NVIDIA Corp(NVDA)$ probably will do well these years since AI is becoming more sophisticated... lots of research and improvements will be done and if the company can manage it well complete with a good business model, should do well
![[Wow]](https://c1.itigergrowtha.com/community/assets/media/emoji_027_wasai.bc2354fb.png)
$NVIDIA(NVDA)$ is set to report its fiscal Q1 2026 earnings after market close on May 28 (ET). According to Bloomberg consensus, the numbers look strong once again — revenue is expected to hit $43.27 billion, up 66% year-over-year, with adjusted net income of $22.26 billion and EPS of $0.886.
Comment below with your bullish or bearish view on Nvidia’s stock, and explain why.
Rewards
10 Tiger Coins for sharing a valid comments