Investor Presentation Q4 FY26 February 2026 Certain matters in this presentation including, but not limited to, statements as to: expectations with respect to growth, performance and benefits of NVIDIA's products, services, and technologies, including Blackwell, and related trends and drivers; expectations with respect to supply and demand for NVIDIA's products, services, and technologies, including Blackwell, and related matters including inventory, production and distribution; NVIDIA's financial position ...

What It Represents If NVIDIA hits or clears $65.7 billion, it would mark a dramatic acceleration from $57.0 billion in Q3 — a sequential jump of roughly 15% in a single quarter. That Q3 result itself came in ahead of the $56.02 billion estimate, driven by Data Center revenue of $51.2 billion, up 66% year over year. Networking alone surged 162% year over year. The revenue figure tonight matters, but it is almost secondary to what investors really need to see. Wall Street has set the bar at $65.7 billion in r ...

Core Viewpoint - Nvidia's upcoming fiscal fourth-quarter results and guidance for fiscal 2027 are highly anticipated, with a focus on its pricing power and gross margin performance [1][9]. Group 1: Nvidia's Market Position - Nvidia has established itself as a leader in the AI revolution, with its GPUs dominating enterprise data centers, leading to a share price increase of approximately 1,200% since the beginning of 2023 [2]. - The company has consistently exceeded Wall Street's sales and profit forecasts, indicating strong market performance [2]. Group 2: Gross Margin Importance - Gross margin is a critical metric for assessing Nvidia's fourth-quarter performance and fiscal 2027 outlook, with expectations for it to remain high [4][9]. - Nvidia's gross margin has risen from the low-to-mid 60% range to an estimated 74.8% for the fiscal fourth quarter, reflecting strong pricing power [8]. Group 3: Factors Supporting Pricing Power - Two main factors contribute to Nvidia's pricing power: superior GPU capabilities compared to competitors and a significant demand-supply imbalance in the GPU market [5][6]. - The Hopper (H100), Blackwell, and Blackwell Ultra GPUs are seen as premium products, allowing Nvidia to command higher prices [5]. Group 4: Competitive Pressures - If Nvidia's gross margin guidance for fiscal 2027 falls to the low 70% range or below, it may indicate competitive pressures from rivals like AMD, which offer cheaper and more readily available GPUs [11]. - Other major tech companies are developing their own GPUs or AI solutions, which could impact Nvidia's market share and pricing power in the future [12]. Group 5: Strategic Partnerships - Nvidia's recent expansion of a multiyear GPU agreement with Meta Platforms may alleviate some competitive concerns, but the potential easing of GPU scarcity could negatively affect its pricing power [13].

Equity Research NVIDIA (NVDA US) Buy Maintained ]Company Report | Technology Feb 22, 2026 Target price: US$295 ] Jeff Pu, CFA SFC CE No. BNO719 jeffpu@gfgroup.com.hk Evan Lee SFC CE No. BVI629 evanlee@gfgroup.com.hk Catalysts Heading into The Print and GTC 2026 Reiterate Buy and lift TP to $295: NVDA is scheduled to report Jan-Q earnings on Feb 25, and we model Jan-Q sales of $67.4bn (vs. Bloomberg $66.2bn) and expect Apr-Q sales of $78bn (vs Bloomberg $75.6bn) or April-Q guide of ~$76bn (vs. Buy-sides $74- ...

Ac t i o n | 16 Feb 2026 20:54:33 ET │ 18 pages NVIDIA Corp (NVDA.O) Preview – Investors Looking Past Earnings to GTC 2026 CITI'S TAKE NVIDIA reports Jan-Q earnings on 2/25. We model Jan-Q sales of $67B above Street $65.6B and expect Apr-Q guide of $73B vs Street $71.6B. We expect continued strong ramp of B300 with Rubin launch to drive a 34% H/H acceleration in CY2H26 sales vs 27% in CY1H26. We believe most investors are looking past the earnings to annual GTC conference in mid- March for NVIDIA to talk ab ...

Nvidia’s stock has become a market object. It’s big enough to tug the major indexes, with a 7.8% weight in the S&P 500. When it moves, it drags money and sentiment with it, which helps explain why people talk about its quarterly reports as if they’re a major weather event.The company can clear consensus and still disappoint a crowd that paid for a bigger and louder fireworks show. Meet the expectations treadmill: A good quarter gets a shrug. A great quarter gets a shrug. Now, the market’s daring Nvidia to d ...

Core Viewpoint - The Chinese AI startup DeepSeek has reportedly trained its latest AI model on Nvidia's most advanced AI chip, the Blackwell, which may violate U.S. export controls [1][2]. Group 1: Company Information - DeepSeek's new AI model is expected to be released as soon as next week [1]. - The U.S. government believes that DeepSeek may attempt to remove technical indicators that could reveal its use of American AI chips [2]. - The U.S. policy emphasizes that Blackwell chips are not being shipped to China, indicating that DeepSeek's possession of these chips could represent a violation of export controls [2][4]. Group 2: Industry Context - The situation could further complicate discussions among Washington policymakers regarding Chinese access to advanced American AI semiconductor technology [3]. - The Chinese embassy in Washington has expressed opposition to the politicization of economic and technological issues, criticizing the expansive use of export controls [2].

Core Viewpoint - Analysts expect Nvidia to report strong fourth-quarter results, with revenue projected to reach $65.64 billion, significantly up from $39.33 billion in the same quarter last year [2]. Earnings Estimates - Nvidia is anticipated to report fourth-quarter earnings per share of $1.50, an increase from 89 cents per share in the previous year [2]. - The company's guidance for revenue is set between $63.70 billion and $66.30 billion [3]. Analyst Ratings and Price Targets - Analysts maintain a bullish outlook on Nvidia, with a consensus Buy rating and a price target range from $195 to $352, averaging at $261.54 [4]. - KeyBanc analyst John Vinh has an Overweight rating with a price target of $275, while DA Davidson's Gil Luria has a Buy rating with a target of $250 [4][5]. Key Factors Influencing Results - Improvements in China are expected to drive strong quarterly results, with Vinh estimating that H200 shipments to China could contribute $3 billion to $3.5 billion in revenue [6]. - Continued strong demand for Blackwell products is also seen as a key driver for the quarter [7]. Market Context - Luria notes that the importance of Nvidia's earnings report may be less pronounced compared to previous years, as the market has identified other AI winners [8]. - Despite this, there is potential for Nvidia's stock to benefit, as current expectations may be underestimating future AI demand [9]. Investor Sentiment and Supply Chain - Bryson highlights that investor sentiment in the semiconductor sector could shift, with expectations that Nvidia will exceed estimates and provide positive guidance [10]. - Supply chain stability is viewed as crucial for Nvidia to maintain its market dominance through 2026 [11]. Stock Performance - Nvidia stock closed at $191.55, up 0.91%, with a year-to-date increase of 2.71% and a 47% rise over the last 52 weeks [12].

AI behemoth Nvidia (NVDA) will report its fourth quarter results after the bell on Wednesday, the most anticipated announcement of the earnings season. The news comes just a few weeks before the company is set to host its GTC 2026 event in San Jose, Calif., where it's expected to make a number of major product announcements. It also follows the launch of Nvidia's latest AI superchip, Vera Rubin, during the annual CES technology conference in Las Vegas in January. More recently, Nvidia expanded its agr ...

Why is Nvidia stock soaring before Q4 earnings? Here's $65.9B reason - Invezz# Why is Nvidia stock soaring before Q4 earnings? Here's $65.9B reason[Artificial intelligence]Author[Devesh Kumar]Feb 23, 2026, 15:34 PM- Guidance may matter more than the headline beat.- Blackwell demand anchors hyperscaler AI spending.- Analysts see Nvidia Q4 revenue topping $65 billion.Nvidia stock (NASDAQ: NVDA) ticked higher on Monday as Wall Street headed into the chipmaker's Feb. 25 earnings report with expectations already ...