Nvidia Corporation (NASDAQ:NVDA) is the last of the Magnificent Seven stocks to report quarterly financial results this earnings cycle.
One analyst lays out five factors that could move Nvidia’s shares post-earnings.
The Nvidia Analyst
Goldman Sachs analyst James Schneider reiterated a Buy rating on Nvidia with a $250 price target.
Nvidia will report fourth-quarter financial results on Feb. 25. Analysts expect the company to report revenue of $65.55 billion and earnings per share of $1.49, according to data from Benzinga Pro.
Schneider said investors should "expect a strong quarter" from Nvidia, with focus turning to the company's competition, China, and 2027 revenue visibility.
Nvidia Stock: 5 Things To Watch
In the new investor note from Schneider, the analyst highlights five items that Nvidia could discuss on its earnings call, and that could move the stock. Here are the key items to watch.
- Details on $500 billion forecast, visibility into 2027: The analyst said investors may be focused on the $500 billion Data Center revenue outlook and get more details. The company's latest read into 2027 revenue will also be a key item to watch.
- Non-hyperscaler customer demand trends: Schneider said Nvidia could share more color on its demand from partners like OpenAI.
- Competitive trends: The analyst said Alphabet and AMD could be more competitive with Nvidia in raw compute performance going forward. Microsoft could also become a "credible competitor" with its recently announced Maia 200. "We expect Nvidia to highlight its competitive advantage with CUDA; we also expect commentary on the implications of the recent Nvidia-Groq deal and implications on inference costs," Schneider said.
- China: With the approval of exports of Nvidia's H200 expected, Nvidia could highlight the potential revenue contribution from China in 2026 and 2027. Nvidia has left China out of recent guidance as it awaits approval of exports.
- Rubin ramp in 2026: Nvidia announced that Rubin was in production at CES earlier this year, with expectations for a ramp-up in the second half of 2026. Schneider said investors may focus on the Rubin revenue ramp, with initial shipments expected in the third quarter and a ramp in the fourth quarter.
"We believe upside to Nvidia's CY26 estimates is largely priced into the stock at current levels, and stock price outperformance will hinge on revenue visibility into CY27."
Schneider said Nvidia stock could trade strongly in the first half of 2026 with more hyperscalers sharing CapEx plans for 2026 and 2027.
"We see a rich catalyst path in 1H26, with focus expected to shift to new product introductions at Nvidia's GPU Technology Conference in March, and new LLM launches based on training from Nvidia's latest products."
Stock Price Action
Nvidia stock is down 0.8% to $172.74 on Thursday versus a 52-week trading range of $86.63 to $212.19. Nvidia stock is up 38% over the last 52 weeks.
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