What is KeyCorp’s Forecast for NVIDIA Q1 Earnings?

NVIDIA Corporation (NASDAQ:NVDA) – Equities research analysts at KeyCorp issued their Q1 2028 earnings per share (EPS) estimates for NVIDIA in a research report issued to clients and investors on Monday, July 13th. KeyCorp analyst J. Vinh forecasts that the computer hardware maker will earn $2.85 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $330.00 target price on the stock. The consensus estimate for NVIDIA’s current full-year earnings is $8.81 per share. KeyCorp also issued estimates for NVIDIA’s Q2 2028 earnings at $3.13 EPS, Q3 2028 earnings at $3.40 EPS, Q4 2028 earnings at $3.68 EPS and FY2028 earnings at $13.07 EPS.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis.

NVDA has been the topic of a number of other research reports. Wells Fargo & Company restated an “overweight” rating and issued a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Evercore reiterated an “outperform” rating and set a $413.00 target price (up from $352.00) on shares of NVIDIA in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 target price (up from $275.00) on shares of NVIDIA in a research note on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, July 8th. Finally, Itau BBA Securities lowered their price target on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $304.26.

NVIDIA Trading Down 2.2%

Shares of NVDA opened at $202.81 on Thursday. The stock has a market capitalization of $4.91 trillion, a P/E ratio of 31.06, a PEG ratio of 0.46 and a beta of 2.21. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $209.63 and a two-hundred day simple moving average of $195.10. NVIDIA has a twelve month low of $164.07 and a twelve month high of $236.54.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 4th. NVIDIA’s dividend payout ratio is presently 15.31%.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 885,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 over the last 90 days. 3.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NVIDIA by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $62,244,133,000. Bank of America Corp DE lifted its holdings in shares of NVIDIA by 2.1% during the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock valued at $33,345,453,000 after purchasing an additional 4,019,505 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA expanded its AI footprint in Japan with new partnerships across robotics, manufacturing, and public-sector infrastructure, including a national AI infrastructure initiative and the launch of Cosmos 3 Edge and Nemotron-based local AI projects. These moves reinforce NVDA’s role as the core platform for physical AI and could support long-term demand. Japan Government, Industrial Leaders and NVIDIA Launch the World’s First National AI Infrastructure
• Positive Sentiment: Multiple analysts raised earnings estimates for NVIDIA, with KeyCorp and Erste Group boosting forecasts and maintaining bullish ratings/price targets. That suggests Wall Street still sees strong profit growth ahead.
• Positive Sentiment: TSMC reported strong AI-driven demand, which is a positive read-through for NVIDIA’s supply chain and ongoing chip demand. TSMC Just Announced Fantastic News for Nvidia Shareholders
• Neutral Sentiment: Apple briefly overtook NVIDIA as the world’s most valuable company, highlighting a rotation in mega-cap leadership and renewed investor doubts about how much AI upside is already priced into NVDA. Apple dethrones Nvidia as world’s most valuable company, ending the chipmaker’s long run at the top
• Neutral Sentiment: Several articles point to a broader semiconductor sell-off and “sell the news” behavior in AI and chip stocks, which appears to be pressuring NVDA along with peers rather than reflecting a company-specific setback. Why Nvidia stock is down around 2.5% on Thursday
• Negative Sentiment: Market commentary from Jim Cramer and other bearish notes on semiconductors suggest some investors are rotating out of chip stocks, adding near-term pressure to NVDA sentiment. Jim Cramer Says Semiconductor Stocks Are “Going Down.” Buy These 2 Dividend Stocks Instead

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.