Nvidia Likely to Post Lower Fiscal Q1 Gross Margin on China Chip Ban, BofA Securities Says

MT Newswires Live05-23

Nvidia's (NVDA) fiscal Q1 gross margin is expected to fall to around 58% due to a $5.5 billion inventory write-off linked to the US ban on the sale of H20 chips to China, BofA Securities said in an earnings preview emailed Friday.

The company is also seen to issue a fiscal Q2 sales outlook of $41 billion, below current lowered consensus of $46 billion, due to the ban, according to the preview.

The firm said it expects fiscal year 2026 earnings per share of between $3.90 and $4 based on a projected $15 billion reduction in sales due to the H20 ban.

BofA said near-term appreciation in Nvidia's stock will be driven by a "positive catalyst," such as calendar year 2026 visibility, gross margin recovery and new China product.

The firm maintained its buy rating with a $160 price objective.

Shares of Nvidia were down 1.6% in recent trading Friday.

Price: 131.30, Change: -1.54, Percent Change: -1.16

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Pablo_Chua
05-23
Pablo_Chua
Buy in around 120-123

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22:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Nvidia's (NVDA) fiscal Q1 gross margin is expected to fall to around 58% due to a $5.5 billion inventory write-off linked to the US ban on the sale of H20 chips to China, BofA Securities said in an earnings preview emailed Friday.</p><p>The company is also seen to issue a fiscal Q2 sales outlook of $41 billion, below current lowered consensus of $46 billion, due to the ban, according to the preview.</p><p>The firm said it expects fiscal year 2026 earnings per share of between $3.90 and $4 based on a projected $15 billion reduction in sales due to the H20 ban.</p><p>BofA said near-term appreciation in Nvidia's stock will be driven by a \"positive catalyst,\" such as calendar year 2026 visibility, gross margin recovery and new China product.</p><p>The firm maintained its buy rating with a $160 price objective.</p><p>Shares of Nvidia were down 1.6% in recent trading Friday.</p><p>Price: 131.30, Change: -1.54, Percent Change: -1.16</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","NVDS.UK":"LS -1X NVIDIA","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SNVD.UK":"LS -1X NVIDIA","BK4612":"AI芯片","NVD3.UK":"LS 3X NVIDIA","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","NVIW.SI":"NVDA 3xLongSG261006","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) 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ETF-Direxion"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2537302241","content_text":"Nvidia's (NVDA) fiscal Q1 gross margin is expected to fall to around 58% due to a $5.5 billion inventory write-off linked to the US ban on the sale of H20 chips to China, BofA Securities said in an earnings preview emailed Friday.The company is also seen to issue a fiscal Q2 sales outlook of $41 billion, below current lowered consensus of $46 billion, due to the ban, according to the preview.The firm said it expects fiscal year 2026 earnings per share of between $3.90 and $4 based on a projected $15 billion reduction in sales due to the H20 ban.BofA said near-term appreciation in Nvidia's stock will be driven by a \"positive catalyst,\" such as calendar year 2026 visibility, gross margin recovery and new China product.The firm maintained its buy rating with a $160 price objective.Shares of Nvidia were down 1.6% in recent trading Friday.Price: 131.30, Change: -1.54, Percent Change: -1.16","news_type":1,"symbols_score_info":{"NVD3.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVD2.UK":0.6,"NVDY":0.6,"POST":1,"NVD":0.6,"3NVD.UK":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDD":0.6,"NVDA":1,"2NVD.UK":0.6,"NVIW.SI":0.6,"SNVD.UK":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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