#NVIDIAEarnings

NVIDIA earnings are not just a company's quarterly result — they are a health check for the entire AI industry. NVIDIA is today the most valuable company in the world, and on 26 August 2026 it released its Q2 FY2027 earnings report, which came with record numbers. In this post, I will tell you everything you need to know: revenue, profit, EPS, data center growth, stock price, volume, liquidity, forecast and trading strategy — all with prices and percentages.

In Q2 FY2027, NVIDIA's total revenue was $96.22 billion, which is 106% higher than the same quarter last year ($46.74 billion) and 18% above the previous quarter ($81.62 billion). Wall Street was expecting only $92.17 billion, so the company beat expectations by 4.4%. Non-GAAP EPS came in at $2.22, which was 5.7% above the expected $2.10. GAAP net profit was $59.69 billion — a 126% jump from last year — and non-GAAP net profit was $53.95 billion, up 118%. Gross margin stands at 75%, compared with 72.4% a year ago. These numbers show that NVIDIA is not just growing — it is growing explosively.

The heart of NVIDIA is the Data Center business. This quarter, Data Center revenue reached $89 billion, which is 92% of total revenue and 117% higher than last year. Demand for Blackwell Ultra chips is so strong that supply cannot keep up. Networking revenue also set a record — Spectrum-X Ethernet networking grew 2.6x year over year. The company has stopped reporting gaming and other segments separately, but the edge computing segment is estimated at around $7.22 billion. In reality, NVIDIA has now become a pure AI infrastructure company.

The plan ahead is even more impressive. The company guided Q3 FY2027 revenue to $108 billion (plus or minus 2%), which is 4-5% above the market's estimate of $103-104 billion. Gross margin guidance is 74%, slightly below 75% due to pressure from HBM memory costs. The biggest signal is that NVIDIA is targeting 70% revenue growth in FY2028. The Vera Rubin platform has now reached Microsoft, OpenAI, Google Cloud, Oracle, CoreWeave and Nebius, and Jensen Huang has said that combined orders for Blackwell and Rubin are close to $1 trillion through 2027.

Now let's talk about the market. On 28 August 2026, NVIDIA's stock closed at $217.48, but it fell 4.58% that day — because after the big 8.56% rally the previous day, there was profit taking. In the two days after earnings, the stock's net gain was +3.6%. On a weekly basis, the stock is up 1.3%, up 8.3% over the month, and up 16.8% year-to-date in 2026. The stock is only 8.1% below its 52-week high of $236.54, while the 52-week low was $164.07. Total market cap is around $5.3 trillion — making NVIDIA the largest public company in the world.

When it comes to liquidity and volume, NVIDIA is one of the most liquid stocks in the world. On normal trading days, average volume is around 53 million shares, worth roughly $11 billion. But on earnings days, volume is on another level — on 27 August, 244 million shares were traded, worth $55.3 billion, and the next trading day still saw 162 million shares. With this kind of depth, any large institutional investor can easily enter or exit a position. Short interest is just 1.2%, meaning there are very few bearish bets in the market.

After earnings, at least 10 investment banks raised their price targets. The new target range is $300 to $515. Goldman Sachs, Morgan Stanley and UBS set targets of $300, Citi and Oppenheimer $315, JP Morgan $320, RBC and KeyBanc $330, BofA $350, Bernstein $400, Melius $420, Evercore $465, and Raymond James gave the most aggressive target of $515 — which is 137% above the current price. The average target across these banks is around $353, which is 62% above the current price of $217. No bank lowered its target, which shows market confidence.

Looking at valuation, NVIDIA still looks reasonable when measured against growth. At the expected FY2027 EPS of $9.27, the forward P/E is just 23.5x, and at the expected FY2028 EPS of $15.33, it is only 14.2x. For a company growing revenue 88% (FY2027 estimate of $406.9 billion), this P/E is very cheap. According to market consensus, FY2028 revenue could reach $671.8 billion — 65% growth. This means that if growth proves correct, the current stock level is not aggressive — it is actually behind the curve.

The technical levels are also clear. The first support is at $216.8 (the 28 August low), then $213-214 (20-day moving average), then $208 (50-day moving average), and $195 (200-day moving average). Resistance is at $229-230 (recent high), and above that is the 52-week high of $236.5. RSI is in the neutral zone at 46-52, ADX of 41.7 shows a strong trend, and the average daily range is around 2.7-3%. The stock is above both the 50-day and 200-day moving averages, meaning the long-term trend is still intact and the uptrend has not broken.

Now the question is how high NVIDIA can go. In the conservative scenario, the $300 level comes into play — 38% above the current price. The base case is the $315-350 range, offering 45-61% upside. The optimistic scenario is $400-515, carrying 84-137% potential. If the company delivers 70% growth in FY2028 and the P/E stays stable, the $350-400 zone is not a difficult target. And if the AI capex cycle continues through 2027-2028, some analysts consider a $500+ scenario realistic. The Q3 guidance of $108 billion is proof that growth is not slowing down.

For trading strategy, there are some key levels to remember. The $208-213 zone (near the 50-day moving average) is strong support — a bounce from there is logical. If the stock breaks above $230, it can rally to $236.5, and after that breakout the path to $250+ opens up. A simple stop-loss rule is that if the stock closes below the 50-day moving average, you should control risk, because the trend weakens there. An ATR of around 6 means daily moves of 2-3% are normal, so taking on too much leverage is risky. For long-term investors, dollar cost averaging is the better strategy, because NVIDIA's stock is very volatile in the short term — you should not enter any position without patience and proper position sizing.

There are also risks inside the story that need to be discussed. The first risk is gross margin — it could fall to 74% in Q3 and 71-72% in Q4 because HBM memory costs are rising. The second risk is export controls — China's data center revenue is no longer included in guidance at all. The third risk is the sustainability of AI capex — if hyperscalers like Microsoft, Google and Meta slow their spending, NVIDIA's growth story could take a hit. Competition is also increasing — AMD, Broadcom and Google's custom AI chips are taking market share. Customer concentration is another risk, since a few large customers account for a big share of revenue.

Now my view. NVIDIA is still the strongest company in the AI era with the best execution. 117% growth in data center, a 75% gross margin, and $1 trillion in booked orders — these are things no other company can show. Jensen Huang's roadmap (from Blackwell to Rubin) is already booked in advance, and the 70% growth target for FY2028 shows that demand is not going anywhere. In the short term, the stock may consolidate because of margin pressure and profit taking — the 4.58% fall on 28 August is an example. But the long-term picture is very clear: for those who believe in the AI trend, NVIDIA is the biggest winner of that trend. Both the conservative target of $300 and the optimistic target of $400+ look logical — all that is needed is patience and proper risk management. NVIDIA's performance speaks for itself.
$NVDA ‌