Key Takeaways
- Nvidia’s Q1 fiscal year 2027 earnings announcement is scheduled for Wednesday, May 20.
- Analyst consensus anticipates EPS of $1.75, representing a year-over-year increase exceeding 100%, with projected revenue around $78.85 billion.
- Matt Bryson from Wedbush predicts results will surpass expectations, estimating EPS above $1.80 and revenue exceeding forecasts by at least $2 billion.
- Morgan Stanley named NVDA its “top pick,” while both KeyBanc and D.A. Davidson increased their price targets to $300.
- On Monday, NVDA shares traded at $222.23, with several analysts projecting potential gains of 26–35% from present trading levels.
The chipmaking giant Nvidia is set to unveil its fiscal first quarter 2027 results this Wednesday, May 20, drawing intense scrutiny from market watchers. Despite a modest 1.3% decline to $222.23 on Monday, analyst sentiment remains decidedly optimistic.
Street expectations point toward earnings per share of $1.75—representing more than a 100% jump compared to the same period last year—alongside revenue projections hovering near $78.85 billion, translating to year-over-year growth exceeding 75%.
Matt Bryson, covering the stock for Wedbush, believes these consensus figures underestimate Nvidia’s actual performance. On Monday, he maintained his Buy recommendation with a $300 price objective, suggesting approximately 35% potential appreciation from present price levels.
Bryson’s Q1 earnings forecast exceeds $1.80 per share, up from his previous $1.74 projection. He also anticipates revenue will surpass his $78.01 billion estimate by no less than $2 billion.
For the second quarter, Bryson projects earnings of $1.84 per share with revenue reaching $82.12 billion. His outlook assumes AI infrastructure investment will maintain momentum throughout 2027.
He identified certain headwinds—including ambiguity surrounding Middle Eastern projects and possible restrictions on Chinese operations. However, Bryson believes any clarity on these fronts would more likely accelerate AI expenditure rather than hinder it.
Supply Chain Challenges Navigated Successfully
Bryson also examined supply chain dynamics. He observed pervasive constraints throughout the AI hardware sector, encompassing shortages in cutting-edge processors, memory modules, optical components, and storage drives.
Nevertheless, he indicates Nvidia has successfully avoided the most severe disruptions—an assessment shared by D.A. Davidson’s Gil Luria, who upgraded his price objective from $250 to $300.
“Nvidia understood the demand patterns first,” Luria explained, highlighting how the company proactively addressed memory constraints and is now even considering standalone CPU product offerings.
KeyBanc’s John Vinh similarly increased his target from $275 to $300, referencing robust demand for Blackwell Ultra GPUs alongside initial deliveries of Rubin GPUs. His Overweight rating remains unchanged.
Inference Strategy and Computex Announcements in Focus
Beyond quarterly figures, market participants are eager to understand Nvidia’s approach to AI inference—the deployment phase of models versus training—where competitive pressure is intensifying from entities like recently public Cerebras Systems.
Joe Moore of Morgan Stanley, who designated Nvidia as his firm’s “top pick” in March, anticipates a “typical beat and raise pattern” and increased his price target from $260 to $285. His rating stands at Overweight.
Moore recognized that rebuilding investor excitement around the Nvidia narrative has required patience, as optical networking firms and adjacent AI investments have recently captured market attention.
Vinh from KeyBanc anticipates Nvidia will unveil standalone CPU server racks during the Computex event in Taiwan this early June—representing a significant diversification beyond its traditional GPU focus.
Paul Meeks from Freedom Capital Markets observed that Nvidia currently trades at approximately 20 times projected fiscal 2028 earnings, with adjusted earnings growth estimated at 73% for FY2027 and 36% for FY2028.
The aggregate Wall Street view on NVDA stands at Strong Buy—comprising 40 Buy recommendations, one Hold rating, and one Sell rating across the past three months. The mean 12-month price objective registers at $281.59, indicating 26.6% upside potential from current trading levels.
