Nvidia Earnings Preview: Redburn Atlantic Analyst Timm Schulze-Melander's Expectations

Nvidia's Upcoming Earnings and AI Vision

• 💡 Nvidia's upcoming earnings report is expected to reflect the company's long-term AI vision, supported by recent events like GTC, Computex, and the President's trip to Riyad.
• 🎯 Data center revenues are projected to grow by approximately 10%, reaching around $39.2 billion, with the total group revenue expected to exceed $43.5 billion, marking a 10-11% sequential increase.
• 📈 The supply chain signals are healthy, with the business and its Taiwanese partners showing year-on-year growth exceeding 70%.

Financial Performance Expectations

• 📊 Redburn Atlantic anticipates an inline revenue print for Nvidia, with an expectation that the company will beat EBIT expectations due to a positive tailwind on its margin structure.
• ⚠️ The key focus for investors will be Nvidia's guidance for the July quarter, which is seen as crucial for avoiding a negative market reaction.

Investor Sentiment and Market Outlook

• 🎢 Investor sentiment is described as complex and volatile, influenced by recent events and a desire for a more predictable environment.
• ⚖️ The guide for the July quarter is expected to be a balance between a modest beat and a potentially softer outlook for that specific quarter, contrasted with a more constructive narrative for 2026.