Nvidia’s fiscal Q1 FY27 earnings are set to drop after the bell on May 28, 2025, and the options market is pricing in a roughly 4.87% swing in either direction. For a company with Nvidia’s market cap, that implied move translates to hundreds of billions of dollars in value shifting on a single print.
The expected move sits comfortably within Nvidia’s recent post-earnings pattern. This is a stock that has trained investors to expect fireworks every quarter, and the options premiums reflect that conditioning.
The numbers Wall Street is watching
Nvidia heads into this report riding momentum that would make most companies blush. In Q4 of fiscal year 2026, the company posted $68.1B in revenue, a 73% jump compared to the same period a year earlier. That number alone is staggering, but the composition tells the real story.
Data center revenue hit $62.3B in that same quarter, climbing 75% year-over-year. In English: roughly 91 cents of every dollar Nvidia earned came from selling chips and systems to companies building out AI infrastructure. The remaining revenue streams, gaming, automotive, professional visualization, are almost rounding errors at this point.
