NVIDIA (NVDA) Q4 Earnings Preview Summary

Date: February 23, 2026

Author: Chris Katje

Overview

NVIDIA Corporation (NASDAQ: NVDA), a leading semiconductor company, is set to report its fourth-quarter financial results on Wednesday after the market closes. This event is significant due to NVIDIA's substantial influence on the tech sector and the overall stock market.

Earnings Estimates

• Expected Revenue: $65.64 billion, up from $39.33 billion in the same quarter last year.
• Expected Earnings Per Share (EPS): $1.50, compared to $0.89 in the previous year.
• Guidance: Revenue guidance is projected between $63.70 billion and $66.30 billion.

Analyst Ratings and Price Targets

Analysts maintain a bullish outlook on NVIDIA, with a consensus Buy rating and a price target range from $195 to $352. The average consensus price target is $261.54.

• KeyBanc: Overweight rating, price target of $275.
• DA Davidson: Buy rating, price target of $250.
• Wedbush: Outperform rating, price target of $230.

Key Analyst Insights

KeyBanc's Perspective

Analyst John Vinh expects strong quarterly results driven by improvements in China and significant revenue contributions from H200 shipments. He anticipates revenue of $69 billion for Q4 and guidance of $74B-$75B for Q1.

DA Davidson's Perspective

Analyst Gil Luria notes that while other AI companies have gained attention, NVIDIA's stock may be undervalued, as it is currently discounting a peak in AI demand expected in 2026. He believes NVIDIA will continue to report strong growth.

Wedbush's Perspective

Analyst Matt Bryson emphasizes the importance of customer spending patterns and supply chain data, predicting that NVIDIA will exceed estimates and maintain its dominant market position through 2026.

Stock Performance

NVIDIA shares closed up 0.91% at $191.55, with a 52-week trading range of $86.63 to $212.19. The stock has increased by 2.71% year-to-date and is up 47% over the past year.

Market Implications

The upcoming earnings report is expected to have significant implications not only for NVIDIA but also for the broader market, particularly in the AI sector. Analysts suggest that the stock could experience volatility post-earnings, with options pricing indicating a potential movement of up to 6% in either direction.

Conclusion

NVIDIA's fourth-quarter earnings report is highly anticipated, with expectations for strong performance driven by ongoing demand in the AI sector. The results could influence market sentiment and the performance of related stocks in the technology space.