Nvidia Stock Price 2026 Forecast: $81.6 Billion Revenue Keeps Bulls In Control
Nvidia’s nvidia stock price 2026 forecast now runs through a fiscal first quarter that brought in $81.6 billion in revenue. The stock still has a mostly bullish Wall Street setup, even after a run that has already lifted it 600% over three years.
Nvidia Q1 Revenue Reaches $81.6 Billion
Nvidia released fiscal Q1 2027 earnings for the period ended April 26, 2026, and revenue rose 85% from a year earlier to a record $81.6 billion. That pace came alongside 14 consecutive quarters of revenue growth, which keeps the company’s AI infrastructure business in the center of the market’s attention.
Data center revenue climbed 92% year over year to $75.2 billion. That is the part of the business tied most directly to the current AI build-out, and it is still doing the heavy lifting inside the company’s results.
Jensen Huang’s $1 Trillion GPU Call
Jensen Huang said at Nvidia’s 2026 GTC conference that Blackwell and Vera Rubin GPUs would see at least $1 trillion in sales through 2027. That forecast sets a very high bar for Nvidia’s next hardware cycle, because it implies the company expects demand to stay strong well beyond a single quarter.
Nvidia also said it expects approximately $91 billion in revenue in fiscal Q2 2027. The gap between a $91 billion outlook and the latest $81.6 billion quarter shows that management is still guiding for growth, but it also leaves investors relying on execution at a much larger scale.
Wall Street Stays With Nvidia
Fifty-two of 54 analysts covering Nvidia rate the stock a buy, and the average price target is $299. Nvidia trades at 25 times forward earnings, which is lower than Advanced Micro Devices at 61 times forward earnings and Broadcom at 37 times forward earnings.
That valuation gap gives buyers a straightforward comparison point. Nvidia is larger than rivals on earnings power, but the stock still carries a premium market expectation because its latest results have to keep matching the company’s own pace.
Why Skeptics Still Missed It
Cathie Wood wrote in May 2023 that Nvidia was "priced ahead of the curve," and Morningstar analysts called it overvalued in early 2024. The stock has still climbed 600% in the last three years, far ahead of the S&P 500’s 78% gain over the same period.
For index-fund holders, that scale matters because Nvidia’s market cap is now over $5 trillion. The next question is pricing, not demand: whether the stock can hold a valuation built on 85% revenue growth, a 74.9% profit margin, and a future that still depends on AI infrastructure spending.
