Nvidia (NVDA) is set to report its next fiscal quarterly results and guidance on Feb. 25, and Citi is expecting strong guidance from the Jensen Huang-led chipmaker.
“We model Jan-Q sales of $67B above Street $65.6B and [we] expect Apr-Q guide of $73B vs. Street $71.6B,” analyst Atif Malik wrote in a note to clients. “We expect continued strong ramp of B300 with Rubin launch to drive a 34% H/H acceleration in CY2H26 sales vs. 27% in CY1H26. We believe most investors are looking past the earnings to [the] annual GTC conference in mid-March for NVIDIA to talk about [its] inference roadmap using Groq’s low latency SRAM IP and provide an early outlook for 2026/27 AI sales.” Malik has a Buy rating and $270 price target on Nvidia.
Delving deeper beyond the quarter and guidance, Malik said Nvidia’s valuation “looks attractive” on the belief that the stock is likely to outperform in the second-half of 2026, as visibility into next year comes into view.
He also said the inference market is likely to be “more diversified in nature,” which should enable more optionality in model size and specificity this year. “Therefore, by nature we expect room for a variety in AI accelerator usage. That said, at a system level, we expect NVIDIA to continue to be the leader across both training and reasoning focused inference workloads, and rely on MLPerf as the best apples-to-apples comparison metric for AI accelerators.”