Nvidia Earnings Hours Away as $79B Revenue, 75% Margins Take Center Stage

Nvidia approaches its fiscal Q1 2027 earnings release after the May 20 close with shares near $220–$222 and a $5.7 trillion market cap. Expectations built from May 18 amid China trade concerns and sector rotation, then sharpened on May 19 around sustained AI dominance, $95.2 billion in supply commitments, and forecasts for a beat-and-raise. Wall Street now projects roughly $79 billion in revenue and $1.77 EPS, with Q2 guidance eyed near $90 billion and gross margins around 75%. Options markets price a 5.5–6.5% post-print swing as investors watch Blackwell execution and China commentary.