Semiconductor giant Nvidia (NVDA) is scheduled to announce its results for the fourth quarter of Fiscal 2026 after the market closes on Wednesday, February 25. Top Truist analyst William Stein reiterated a Buy rating on NVDA stock with a price target of $275 and expects the AI chip company to report “healthy” Q4 FY26 results.
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High conviction NVDA bears now have this Tradr ETFMeanwhile, Wall Street expects Nvidia to report earnings per share (EPS) of $1.53 for Q4 FY26, reflecting 72% year-over-year growth. Revenue is projected to rise 68% to $66.11 billion.
Truist Analyst Is Bullish on NVDA’s Q4 Earnings
Stein said that buy-side views could call for beats in line with recent history. Notably, over the last eight quarters, Nvidia’s revenue has surpassed the Street’s estimates by $1.3 billion and the guidance by just under $1 billion. The 5-star analyst expects such beats for Q4 FY26 too, based on the following factors:
- Feedback from industry contacts: Stein noted that feedback indicated persistent demand strength in AI infrastructure.
- Recent company results and commentary: Through Nvidia’s Q4 earnings release, almost every company in Stein’s coverage highlighted improving demand. While many companies reported a major expansion in book-to-bill ratios, the analyst believes this metric has grown mainly due to a significantly larger backlog in the data center/AI end market, which, in his opinion, indicates much longer order timelines and strong demand.
- Cloud service provider capital spending trends: Stein noted that the biggest spenders in AI infrastructure – cloud service providers (CSPs), continue to raise their investment plans, with consensus expectations for their spend continuing to rise, “a theme that has persisted over the last year and, importantly, over the last qtr as well.”
Interestingly, Stein ranks No. 7 among more than 12,100 analysts tracked on TipRanks. He has a success rate of 78%, with an average return per rating of 35.9% over a one-year period.
Is NVDA Stock a Buy, Sell, or Hold?
Heading into Q4 FY26 earnings, Wall Street has a Strong Buy consensus rating on Nvidia stock based on 32 Buys and one Sell recommendation. The average NVDA stock price target of $265.07 indicates 38.4% upside potential. NVDA stock has risen about 42.5% over the past year, but is up just 3% so far in 2026.
