Yahoo Finance
Every few quarters, the debate aroundNvidiamoves.
For a while, it was about whetherAIdemand was real.
Then it was about whether margins could hold.
Now, heading into its August 26 earnings report, the question is whether the next product cycle can keep a company already running at this pace from slowing down.
And the note behind that view is worth reading before the earnings date arrives.
In a note shared with TheStreet on August 7, Bank of America analyst Vivek Arya called Nvidia (NVDA) his top sector pick ahead of the company's fiscal Q2 FY2027 results.
He expects revenue of $94 billion to $95 billion, roughly $3 billion to $4 billion above Nvidia's own $91 billion guidance.
That guidance excludes any China data center compute revenue, meaning actual results could come in higher if modest shipments to that market resume.
Third-quarter guidance, he says, should come in at $107 billion to $108 billion, well above the approximately $104 billionWall Streetis currently modeling.
For context, Nvidia reported Q1 FY2027 revenue of $81.6 billion in May, up 85% year over year, with data center revenue of $75.2 billion.
The Q2 guidance of $91 billion implied continued sequential growth.
BofA's $94 billion to $95 billion estimate would extend that momentum further.
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