BlockBeats News, February 25th, NVIDIA will release its 2025 financial report tonight after the U.S. stock market closes (5 a.m. Beijing time tomorrow morning), serving as a bellwether for AI and the U.S. stock market. As the world’s most valuable company, NVIDIA’s performance is bound to impact the global financial asset performance. The market is highly focused on its data center business growth, Blackwell GPU shipment status, and outlook for the next quarter.
Currently, the market’s outlook on its performance is cautiously optimistic, with a general expectation that the performance will achieve strong growth and exceed expectations for the 14th consecutive quarter. The consensus expectation for Q4 revenue is $650-660 billion, a year-on-year growth of 65%-68%, with an expected contribution of over $60 billion in revenue from the data center business. NVIDIA had also provided official revenue guidance of $650 billion ±2% in the forward-looking statement released in November last year. The consensus EPS expectation is $1.50-1.53, with a year-on-year growth of 70%-72%, and the gross margin is expected to remain at the 70% level.
The market’s key focus is on the outlook for the next quarter, which will depend on the demand for Blackwell and Rubin chips. Currently, the general expectation for the next quarter (Q1 FY2027) is revenue of $710-730 billion, a year-on-year growth of 63%-64%.
For tonight’s financial report, the main institutions’ key points of view are as follows:
Morgan Stanley is very optimistic about NVIDIA’s Q4 performance, expecting revenue to exceed the guidance by at least $20 billion, i.e., over $670 billion. They have high confidence in the full year and the future, believing that AI demand shows no signs of slowing down, expecting the stock price to continue to rise, with a target price of $250.
Bank of America is optimistic about NVIDIA’s Blackwell and future product sales momentum, believing that demand will remain strong, and has given the highest target price on Wall Street of $275, with a Buy rating.
Citi recommends buying before today’s earnings announcement, expecting Q4 revenue of $670 billion and Q1 guided revenue of $730 billion. Citi is optimistic about the second half of 2026 for B300 and Rubin product launches, with sales expected to grow by 34% in H2. Citi also believes that the GTC conference in March will be a key catalyst for the AI outlook in the next two years, giving a target price of $270, with an expected 43% upside in the stock price.
According to PolyBeats monitoring, the current prediction market on Polymarket indicates a 92% probability that NVIDIA (NVDA) will exceed earnings expectations for the quarter ($1.52).
