NVIDIA Revenue Expected to Exceed Expectations for 14 Consecutive Quarters, Multiple Institutions Bullish on AI Market Through 2027

BlockBeats News, February 25th: NVIDIA will release its 2025 financial report after the U.S. stock market closes tonight (5 a.m. Beijing time tomorrow morning), as a barometer of AI and the U.S. stock market. As the world's most valuable company, NVIDIA's performance will inevitably affect 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 performance outlook is cautiously optimistic, with a general expectation of strong growth and exceeding 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 previously provided official revenue guidance of $650 billion ±2% in its forward-looking statement released in November last year. The consensus estimate for Earnings Per Share (EPS) is $1.50-1.53, a year-on-year growth of 70%-72%, with the gross margin expected to remain at 70%.

The market's main focus is on the outlook for the next quarter, which will depend on demand for Blackwell and Rubin chips. The current consensus expectation for the next quarter (Q1 FY2027) is $710-730 billion in revenue, a year-on-year growth of 63%-64%.

For tonight's financial report, the key points from major institutions are as follows:

Morgan Stanley is very optimistic about NVIDIA's Q4 performance, expecting revenue to exceed guidance by at least $20 billion, i.e., exceeding $670 billion. They are very confident in the full year and the future, believing that AI demand shows no signs of slowing down, and expect the stock price to continue to rise, with a target price of $250.

Bank of America has given NVIDIA the highest target price on Wall Street at $275, with a Buy rating. They are optimistic about Blackwell and future product sales momentum, believing that demand will remain strong.

Citigroup recommends buying before today's earnings announcement, expecting Q4 revenue of $670 billion and guided revenue of $730 billion for Q1. Citigroup is positive about the B300 and Rubin production ramp-up in the second half of 2026, forecasting a 34% sales growth in H2. Citigroup also believes that the GTC conference in March will be a key catalyst for the two-year AI outlook and has set a target price of $270, expecting a further 43% upside in the stock price.

According to PolyBeats monitoring, in the predictive market on Polymarket, the probability of NVIDIA (NVDA) exceeding quarterly earnings expectations ($1.52) is as high as 92%.