Nvidia stock slips before earnings as guidance stays huge
Published on 08/19/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nvidia stock (US67066G1040) traded at $220.37 on August 19, 2026, after a 0.29% move, with a $5.32 trillion market cap and a 52-week range of $164.07 to $236.54.
The latest market snapshot shows the shares hovering close to their intraday band, while second-quarter guidance still centers on $91 billion in revenue and about 75.0% non-GAAP gross margin, according to a recent earnings preview that cited management's outlook.
Guidance still drives the setup
The same preview said the company expects revenue of $91 billion for the second fiscal quarter, plus or minus 2%, and non-GAAP gross margin of 75.0%. That compares with first-quarter revenue of $81.6 billion and non-GAAP earnings per share of $1.87, so the next report is being judged against a very high base.
MarketBeat's latest earnings note also put consensus revenue at $91.96 billion and consensus EPS at $2.09 for the quarter, which frames the gap investors are watching. First-quarter revenue of $81.61 billion was up 85.2% year over year, and EPS of $1.87 beat the $1.76 estimate by $0.11.
Consensus remains elevated
That combination keeps the bar high for any follow-through on data-center demand, especially with analysts still estimating $8.79 EPS for the current year and a consensus price target of $305.94. The market is therefore weighing a rich valuation against growth that has already cleared a very demanding quarter.
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Nvidia products matter too
Blackwell remains the key product family in the companys AI stack, spanning accelerators, networking and server systems that feed hyperscale and enterprise demand. That is the business line investors are implicitly pricing when they focus on revenue growth, margin durability and order conversion.
Stock level to watch
Nvidia stock changed hands at $220.37 on August 19, 2026, versus a 52-week range of $164.07 to $236.54 and a market cap of $5.32 trillion. A move back toward the upper end of that band would keep the focus on whether revenue can stay near the $91 billion level in the second fiscal quarter.
Company
Company: Nvidia Corporation
ISIN: US67066G1040
Ticker: NVDA
Exchange: Nasdaq
Price (as of August 19, 2026, 9:46 a.m. EDT): $220.37 USD
Market cap: $5.32 trillion (as of August 19, 2026)
Sector / Industry: Information Technology / Semiconductors & Semiconductor Equipment
Index membership: S&P 500, Nasdaq-100
