Nvidia Sets Aug. 26 Q2 Earnings as Morningstar Sees $361 Billion Fiscal 2027 Data Center Revenue
Updated
Updated · Morningstar · Aug 19
Nvidia Sets Aug. 26 Q2 Earnings as Morningstar Sees $361 Billion Fiscal 2027 Data Center Revenue
3 articles · Updated · Morningstar · Aug 19
Summary
Aug. 26 is Nvidia’s fiscal Q2 2027 earnings date, with Morningstar expecting another beat-and-raise quarter after the market close.
Morningstar forecasts Nvidia’s data center revenue at $361 billion in fiscal 2027—up 86% year over year from $194 billion in fiscal 2026—driven by strong hyperscaler and enterprise AI spending.
Key issues for the report include whether U.S. restrictions are limiting China sales, how fast Nvidia is expanding, and whether Rubin Ultra remains on track for late 2027 despite reported technical shortfalls.
Morningstar also wants clarity on Nvidia’s financing strategy after its $500 billion AI investment mobilization and smaller backstop deals, which may signal a broader revenue model tied to AI buildouts.
The firm keeps a $280 fair value estimate and 4-star rating, arguing Nvidia’s CUDA ecosystem, GPU lead and $60.6 billion cash position support upside despite very high uncertainty around AI spending and customer concentration.