Investors will be clearing their calendars to watch Nvidia’s quarterly results on February 26th. They’ll cover the final quarter of the AI chipmaker’s financial year. If Nvidia lives up to – or better yet, surpasses expectations, that could reassure investors that the stock’s valuation and forecasts are justified.

Wall Street analysts expect Nvidia to keep revenue moving at an exceptional pace. In fact, they expect last quarter’s revenue to land between $37 billion and $38 billion, which would be some 70% to 72% higher than the same time last year.

Conscious that the launch of its new products may impact its margins, investors will want reassurance that Nvidia’s gross margins – the percentage of revenue that becomes gross profit – stay thick. That shouldn’t be a stretch: the last quarterly figure reported was 75%, and the company predicted 73% for the upcoming quarters. On profit, analysts predict quarterly profit of $19.5 billion, up 61% from a year earlier, while some forecasts pitch even higher.

Investors will also be looking for signs that sales of its graphics processing units (GPUs) for data centres – expected to be the company’s growth engine over the coming years – can climb past its current peak. Pay special attention to any commentary on the performance and order outlook for its H100 (Hopper) and Blackwell GPUs.

Nvidia’s share price fell sharply after DeepSeek released a ChatGPT rival, traded for a fraction of the price. That’s because investors worried that companies would start cutting down on pricey chips and processors when building tools. But the selloff was short-lived: Nvidia’s share price has rebounded for now, with investors reassured that key clients like Amazon, Microsoft, and Alphabet show no signs of slowing their spending. Plus, if cheaper offerings increase the rate of AI usage, that extra business won’t hurt.