Nvidia (NVDA) will unveil its fiscal 2027 first-quarter earnings report after the close this Wednesday, May 20. The chipmaker's quarterly results have become one of the most-anticipated events on Wall Street given snowballing demand and accelerated spending on all things artificial intelligence.
This time around, analysts are expecting Nvidia to report earnings of $1.78 per share, up 120% year over year, on revenue of $79.2 billion (+79.5% YoY).
The Kiplinger team is reporting live on Nvidia's first-quarter earnings report, bringing you the news and our expert analysis of what the results could mean for you and your portfolio. Scroll for the latest updates.
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Does Nvidia pay a dividend?
Nvidia pays a small quarterly dividend of 1 cent per share, which works out to 4 cents per share annually.
Based on the chipmaker's current stock price, this works out to a dividend yield of 0.02%. By comparison, the S&P 500's current dividend yield is 1.1%.
In fiscal 2025, Nvidia paid roughly $834 billion in dividends. It also bought back $33.7 billion in stock.
- Karee Venema
Related: The Kiplinger Dividend 15: Our Favorite Dividend-Paying Stocks
Should Nvidia be worried about Cerebras' blockbuster IPO?
Last week, Cerebras Systems (CBRS) pulled off a massive IPO. The semiconductor firm sold shares at $185 each and they ended the first day of trading at $331.07, up 68% from this offer price.
Cerebras raised $5.55 billion in its offering — making it one of the biggest IPOs ever — and gave the company a staggering market capitalization of $95 billion.
Not bad for a company that was founded 10 years ago. Then again, it's a top developer of chips that train and operate AI models. The timing has also been spot on, as investors have an insatiable appetite for chip stocks.
Cerebras' most advanced semiconductor is called the Wafer Scale Engine 3. It is about 50 to 60 times the size of an Nvidia GPU die and has 4 trillion transistors and 900,000 AI cores. Cerebras says it's faster than Nvidia's offerings.
So is this a big threat to the semiconductor giant?
Perhaps. But for now, Cerebras is more focused on niche opportunities. It's not anywhere near the scale of Nvidia's chips. Cerebras' chips are also not as customizable.
Additionally, the competition intense, with startups such as Groq and SambaNova, and mature operators including Advanced Micro Devices (AMD) and Intel (INTC). There are also the hyperscalers: Alphabet's (GOOGL) Google, Amazon (AMZN), Meta Platforms (META) and Microsoft (MSFT).
Finally, CBRS' valuation is at nosebleed levels. While revenue surged 96% in the latest quarter, it was still only about $171 million.
All in all, expectations are extremely frothy for Cerebras.
- Tom Taulli
Tom Taulli has been developing software since the 1980s. He sold his applications to a variety of publications. In college, he started his first company, which focused on the development of e-learning systems. He would go on to create other companies as well, including Hypermart.net that was sold to InfoSpace in 1996. Along the way, Tom has written columns for online publications such as Bloomberg, Forbes, Barron's and Kiplinger. He has also written a variety of books, including Artificial Intelligence Basics: A Non-Technical Introduction.
What time is Nvidia's earnings release?
Nvidia will release its fiscal fourth-quarter earnings report after the stock market closes this Wednesday, May 20. The results typically come through around 4:20 pm to 4:30 pm Eastern Standard Time.
The release of Nvidia's earnings report will be followed by a conference call, which will begin at 5 pm EST.
Nvidia earnings are the "ultimate test" for the stock market, says Questar CIO
Nvidia's upcoming earnings event is "the ultimate test for a stock market that is not only trading at record highs, but one that also had a breathtaking bounce off of the March lows," says Richard Reyle, chief investment officer at Questar Capital Partners.
The chipmaker is the stock market's "shorthand for everything AI," he explains, and in recent years, equity "gains have been driven in large part by AI."
Heading into Wednesday's print, Reyle says the numbers are already expected to be strong given the massive spending on AI initiatives hyperscalers announced this earnings season.
But stellar earnings for the chipmaker don't mean upside for NVDA stock, the CIO warns. "To say that Nvidia is priced for perfection is an understatement."
Indeed, the blue chip stock is up roughly 20% for the year to date to trade near new highs.
As such, Reyle says to "be careful around Nvidia." In addition to a lot of hype around the stock, the CIO has "concerns about the circular spending in the AI space."
He prefers "companies that have true moats in the tech space, such as Taiwan Semiconductor (TSM) and ASML Holding (ASML)," considering it will take at least a decade "for any other company to genuinely match their top-end manufacturing capability."
- Karee Venema
With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021, and oversees a wide range of investing coverage, including content focused on equities, fixed income, mutual funds, ETFs, macroeconomics and more.
Nvidia stock trades lower to start earnings week
Nvidia stock opened higher Monday morning, but was last seen down 1.4%. The chip stock is still up more than 11% for the month to date, and has gained nearly 20% since the start of the year.
This comes as the broader equities market trades mixed at the start of the week, with the blue-chip Dow Jones Industrial Average up 0.1%, while the broader S&P 500 is off 0.3% and the tech-heavy Nasdaq Composite is down 0.6%.