#NVIDIAEarnings

Nvidia report beats forecasts, banks raise price targets

August 27, 2026.

Nvidia's financial results for the second quarter of fiscal year 2027 exceeded market consensus forecasts. Revenue totaled $96.2 billion, up 106% year-on-year. Adjusted earnings per share reached $2.22, up 120%. Data center segment revenue was $89 billion.

The company also released its forecast for the third quarter: the median expected revenue was $108 billion. For fiscal year 2028, Nvidia forecasts revenue growth of around 70%, while previous market expectations were approximately 45%.

Following the earnings release, at least 13 investment banks raised their price targets for Nvidia shares. They include:

· Raymond James, from $352 to $515 (the highest target);
· Melius Research, from $400 to $420;
· Bernstein, from $315 to $400;
· Rosenblatt Securities, from $325 to $390.

Morgan Stanley, Citigroup, and Mizuho also raised their targets.

Based on Nvidia's current share count of 24.1 billion, a $515 price target corresponds to a market capitalization of approximately $12.4 trillion.

$NVDAX