Consensus expectations are just the starting point? Wall Street locks in NVIDIA Corporation(NVDA.US) Q1 earnings report "crushing" surpassing expectations ahead of time, with a target price as high as $315.

As NVIDIA Corporation (NVDA.US) is about to announce its financial report for the first quarter of fiscal year 2027 after the market closes on May 20th, top Wall Street investment banks and analysts have recently released research reports with increasingly bullish sentiments. From Citigroup to Goldman Sachs Group, Inc., and Susquehanna to Wells Fargo & Company, institutions generally expect NVIDIA Corporation to once again deliver an impressive "Beat and Raise" performance, surpassing expectations and raising guidance, and have significantly raised their target prices based on strong AI demand. Performance Expectations: Consensus is just the beginning, massive upward revisions becoming the norm The market consensus expects NVIDIA Corporation's first quarter revenue to be around $78.6 billion, with adjusted earnings per share of $1.75. However, several analysts believe that this consensus is too conservative. In fact, for NVIDIA Corporation, significantly exceeding expectations is not a new phenomenon. As CEO Jensen Huang has said, demand for NVIDIA Corporation's GPUs is "insanely" high. In the fourth quarter of fiscal year 2026, the company's revenue exceeded market expectations by $1.9 billion, and in the third quarter, it exceeded by over $2 billion. In fact, out of the past 12 quarters, only three have not achieved over $1 billion in better-than-expected performance. Citigroup expects NVIDIA Corporation's Q1 revenue to reach $80 billion, approximately $1.4 billion higher than market consensus. Citigroup analysts point out that this significant increase is mainly attributed to "stronger-than-expected ramp-up of B300 chip capacity." For the second quarter, Citigroup predicts revenue will continue to grow by 11% to reach $89 billion, also significantly surpassing market expectations of $87 billion. Citigroup stated, "Based on the latest data reflecting increased demand for Blackwell chips, we have raised our GPU shipment volume forecast, now expecting a total of 11.2 million units (a year-on-year increase of 58%, previously 10.6 million units). In addition, the management's positive outlook on Blackwell's shipment progress at the 2026 GTC conference has led us to raise our shipment forecast for Blackwell in fiscal year 2027 (ending in January 2027) by 9%, reaching 73 million units, mainly driven by continued strong shipments of the B300." Citigroup adds, "With the dual drive of shipment volume increase and product structure optimization, we expect total revenue for fiscal year 2027 to reach $284 billion, a year-on-year increase of 79%. The upward adjustment of our GPU revenue forecast (approximatel...