Nvidia and Prudential Set for Record-Breaking Results as Salesforce Hopes to Prove AI Momentum
Nvidia is set to report its Q2 results on Wednesday, August 26, and analysts expect another record-breaking quarter. According to Hargreaves Lansdown's senior equity analyst Matt Britzman, revenue growth is expected to be above 100%, with the removal of China data centre sales from last year's comparison providing a 'cleaner picture' of momentum across the wider business.
The key number to watch will be Nvidia's gross margin, which is expected to remain around 75%. Investors will also want to hear management reiterate this target and provide any insights into next year's direction. Beyond the numbers, attention will focus on how Nvidia is positioning itself as the orchestrator of the AI buildout.
Prudential is also set to report its half-year results on Wednesday, August 26. Analysts expect new business profit growth of around 10-11%, which would keep the group on track with full-year guidance despite a tougher comparison in Hong Kong. Prudential's sales growth alone will not tell the full story, as the company has reported a richer mix of health and protection products in Hong Kong that should support margins.
Meanwhile, Salesforce is expected to report its Q2 results on Wednesday, August 26. Analysts expect revenue growth of around 11% to $11.3bn, but the key question will be whether AI momentum is feeding through to the wider business. Investors will want firmer evidence that management's promised acceleration in underlying subscription growth remains on track for the second half.