NVIDIA is scheduled to announce its fiscal 2027 second-quarter results on August 26, U.S. Eastern Time. While the market expects an upside surprise and revisions to full-year guidance, the company's high valuation could limit further gains in its share price.
NVIDIA is reportedly scheduled to announce its fiscal 2027 second-quarter results on August 26, and the market expects an upside surprise in revenue and an upgrade to full-year guidance. However, the stock has declined after results for each of the past 4 quarters, leaving investors cautious about how it will react after the announcement. The main areas of focus will be whether data center demand remains sustainable, whether the Non-GAAP gross margin stabilizes at around 75%, progress in the transition to Rubin, and trends in shipments to China.
Data center demand is said to remain strong, with the Blackwell product line cited as a growth driver, while reports indicate that the Vera Rubin platform is moving toward mass production. Morgan Stanley estimates that Rubin shipments will begin in the third quarter, with initial shipments of approximately 150,000 units and revenue of approximately $9 billion. However, some testing partners may lower their forecasts amid delicate shifts in demand.
The Chinese market could become an unexpected variable. Although China's share of revenue declined in the previous quarter, developments such as local authorities' approval of H200 processor purchases could influence market expectations. Some reports also suggest that the stock's performance after the results will depend on gross margins, market share, and the partnership model.