Nvidia set to report first quarter earnings on may 20

Nvidia is scheduled to release its FQ1 2027 earnings after the market close on May 20. Analysts forecast around 80 percent sales growth overall and 105 percent growth in sales outside China. The report comes as the company maintains its position as the world's most valuable firm with a market capitalization of $5.5 trillion.

Nvidia heads into the earnings release with expectations centered on continued demand for its AI chips. Hyperscaler capital expenditures remain a key indicator, though recent quarterly slowdowns have appeared at companies including Microsoft and Meta. Revenue surprises have narrowed as analyst targets have increased, pointing to the possibility that the company may meet rather than substantially exceed consensus estimates this quarter.

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Illustration depicting Nvidia's Q4 earnings beat with $68.1B revenue from AI data centers, boosting Asian markets.
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Nvidia beats Q4 earnings expectations with AI-driven growth

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Nvidia Corporation reported stronger-than-expected results for its fiscal fourth quarter of 2026, with revenue rising 73% year-over-year to $68.1 billion. The company's data center segment, fueled by products like Blackwell and NVLink, now accounts for over 90% of total revenue. Asian markets climbed for a fourth straight day, boosted by Nvidia's upbeat sales forecast.

Alibaba released its first-quarter results for the period ended March 31, missing revenue targets but showing robust expansion in artificial intelligence services. The company highlighted continued momentum in its cloud business driven by AI demand.

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Tesla reported a net income of $477 million for the first quarter of 2026, marking improved profitability over the prior year. Revenue rose 16 percent to $22.4 billion, driven by higher automotive sales and services. The company highlighted growth in full self-driving subscriptions amid ongoing investments in AI and robotics.

China's GPU leaders Cambricon and MetaX reported strong first-quarter results driven by demand for local AI chips. Cambricon's revenue jumped 160 per cent year-on-year to 2.89 billion yuan (US$423 million), with profit soaring 185 per cent to 1 billion yuan. The Beijing-based firm attributed the growth to a 'sustained surge in the AI industry’s computing power demand'.

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Asian stocks experienced a slight retreat from their recent peaks following a downturn in Wall Street markets. The decline was influenced by a subdued investor response to Nvidia's latest earnings report. Despite the pullback, Asian equities have outperformed global benchmarks throughout the year.

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