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Nvidia shares hold steady ahead of Aug. 26 earnings
Nvidia is set to report earnings on Aug. 26 after the market closes, with analysts looking for quarterly revenue of about $92.1 billion versus $81.6 billion last quarter.
Nvidia (NVDA) is scheduled to release earnings on Wednesday, Aug. 26, after the market closes, and the stock has been moving in a tight range ahead of the announcement, setting up the potential for sharper price swings around the results, according to Yahoo Finance. Ahead of earnings, NVDA closed at $214.72 on Aug. 21, down 4.7% from a recent peak of $225.30 on Aug. 13, but still up 13.0% from a recent trough of $190.01 on July 29. The article also notes the shares have been largely flat over the last three months, citing Barchart’s NVDA chart and that the stock has lost about $7 per share, or -2.62%, since the prior earnings release on May 20. The preview highlights market positioning around the event, including the idea that some investors may use options strategies such as cash-secured short puts, depending on how shares trade after the report. It also points to analyst expectations, saying revenue is forecast to be nearly $10 billion higher than last quarter’s $81.62 billion, with estimates around $92.07 billion, and EPS forecast to rise from $1.87 last quarter to an average $2.09. The article frames the earnings setup as a potential catalyst for a “sell on the news” reaction if Nvidia does not meet expectations, and underscores that the size of the revenue and EPS growth implied by the forecasts could be significant for how investors react immediately after the release.