Nvidia NVDA: Wall Street Rates Stock a Buy Before Q1 Earnings

Key Takeaways

• Nvidia (NVDA) will announce its Q1 2026 earnings after the bell on Wednesday
• The chipmaker is expected to boast earnings that beat Wall Street Forecasts
• The day before earnings are revealed, numerous Wall Street firms reiterated buy ratings for NVDA stock, signaling optimism

Nvidia (NVDA) will report is Q1 2026 earnings on Wednesday, and Wall Street will be eyeing the report closely. The leading AI chipmaker had a busy quarter, packed with new deals and events that made NVDA stock volatile. Shares have stalled around the $220 mark in the past week, therefore, analysts are projecting a notable move in either direction post earnings.

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What Wall Street Predicts Nvidia Q1 Earnings Will Look Like

Nvidia (NVDA) is coming off the back of a Q4 2025 earnings report where it revealed $68B in revenue, higher than expectations. Nvidia delivered on almost all fronts in the report, including solid guidance for the rest of the fiscal year. For its Q1 earnings Wednesday, Nvidia is expected to report earnings per share (EPS) of $1.76 on revenue of $78.75 billion, according to Bloomberg analyst consensus estimates. That’s up from the $0.96 and $44.06 billion the company saw in Q1 last year. Nvidia’s data center business is projected to make up the bulk of its revenue, bringing in an estimated $72.85 billion.

While Nvidia stock slipped after its latest earnings report on February 25th, Wall Street doesn’t see that happening again.

In addition to the expected revenue, Wall Street analysts are also bullish on Nvidia stock to climb through the rest of 2026. Per TipRanks, the average price target for NVDA over the next 12 months is $281. This implies roughly 27% ROI from current price. Before Wednesday’s earnings, several firms on The Street reiterated buy ratings on NVDA. Everscore analyst Mark Lipacis reiterated his buy rating on Tuesday with a $352 price target, the highest on the day and forecasting 59% upside. Analysts at Rosenblatt Securities and HSBC also reiterated buy ratings and a $325 price target on Tuesday. Lastly, Truist Securities’ William Stein reiterated a $287 price target and buy rating for Nvidia heading into Wednesday’s report.

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Nvidia Competion Growing: Will Earnings Report Push it Ahead?

Nvidia’s Q1 2026 earnings report will put Nvidia’s status as AI king in focus, as the sector witnesses increased competition. Big tech like Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META) are becoming staples in the AI stock industry due to their sheer investments in the industry and solid revenue. For example, on Tuesday, Google shared its TPU 8i and TPU 8t chip as part of its annual I/O conference. The TPU 8i is intended for running AI software, while the TPU 8t is designed for training models.

As for chip stocks, Intel (INTC) and Advanced Micro Devices (AMD) are closing the gap on Nvidia within semiconductor market dominance as well. Despite Nvidia CEO Jensen Huang’a visit to China with US President Donald Trump, and the clearance of H200 chip sales to China, NVDA stock is still under pressure. Hence, expectations are high for the Santa Clara-based chipmaker to deliver Q1 earnings that exceed forecasts.

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