Nvidia (NVDA) earnings loom as Wall Street eyes AI-driven growth and $1.77 EPS

Nvidia (NVDA) is set to report fiscal first-quarter 2027 results on May 20, 2026, with Wall Street focused on whether AI demand can support expectations for another sharp earnings beat. Analysts expect earnings per share of $1.77 and revenue growth of 78% for the quarter ended April 26, 2026. Nvidia has repeatedly topped consensus estimates in recent quarters, helping drive investor expectations higher as major cloud customers continue expanding AI infrastructure. Recent developments include Nvidia’s partnership with ServiceNow (NOW) on AI agents, the launch of its Nemotron 3 Nano Omni AI modeling system, and an agreement with Corning to build optical infrastructure capacity for large cloud providers. Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT), which together control 63% of the global cloud infrastructure market, continue to rely on Nvidia GPUs despite developing in-house AI chips. CEO Jensen Huang said in March that Blackwell and Vera Rubin processors could generate $1 trillion in revenue during 2026 and 2027.