NVIDIA (NVDA) has nearly beat Wall Street expectations in its revenue and revenue.

NVIDIA's earnings per share averaged 9.8% higher than Wall Street's forecast for the past eight quarters. NVIDIA beat 8.9% on average in quarterly revenue over the same time frame.

Meanwhile, according to Bloomberg, the S&P 500 companies reported revenue and sales about 5% and 1.3% higher than Wall Street expected.

During that period (only once in the second quarter of fiscal 2025, Nvidia lost its revenue forecast. In each of the last eight quarters, its revenue exceeded the forecast.

Stifel analyst Ruben Roy and Bank of America's Vivek Arya expect NVIDIA's April quarterly earnings results (its first quarter of fiscal 2026) will show a "moderate" beat as they expect demand for the company's Hopper and Blackwell chips to outweigh the demand for China's HY H20 Chips of Cenips of Cenips of Chare for the Hopper and Blackwell chips.

Wall Street analysts estimate that NVIDIA will report adjusted earnings per share (EPS) of $0.88 to $43.3 billion, according to Bloomberg consensus data. Yahoo Finance's Dan Howley reported that the chipmaker reported adjusted revenue per share of $0.61, with revenue of $26 billion.

"While the negative impact of the front-line restrictions associated with the recently disclosed H20 restrictions, we expect largely inline results and prospects," Stifel analyst Ruben Ruben Roy wrote in a comment to investors on May 22.

NVIDIA's H200 chip is its second generation Hopper graphics processing unit (GPU), and its GB200 server contains 72 Blackwell GPUs.

In February, NVIDIA reported its fiscal fourth-quarter earnings and revenues exceeded Wall Street expectations as chipmakers officially announced that it had fully produced its latest Blackwell GPUs, generating $11 billion from the latest AI chips during that time.

NVIDIA shares fell 8.5% after the fourth quarter report as its first-quarter gross margin outlook is below estimates. Bloomberg predicts options traders tracked by stocks may rise or fall 7.4% as NVIDIA scores after the bell.

NVIDIA stock has been struggling in 2025. Stocks plummeted in January when new cheap AI models from Chinese startup DeepSeek sparked concerns about demand for its AI chips, and the stock market was rocked with Trump's trade war.