Nvidia Options Price 5.4% Move After Q2 Earnings

Nvidia is set to report its second-quarter fiscal 2027 earnings on Wednesday, August 26, 2026, with options markets pricing in a potential $280 billion swing in the chipmaker's market value. The expected move, a 5.4% shift in either direction on Thursday, August 27, reflects the enormous scale of the company's valuation but also signals a more restrained outlook from traders compared to previous quarters.

The earnings call is scheduled for 2 p.m. PT (5 p.m. ET) on Wednesday, covering the quarter that ended July 26, 2026. Nvidia had previously guided for revenue of $91.0 billion, plus or minus $2 billion, for the period. The report is being closely watched as a bellwether for the broader artificial intelligence trade, with investors focused on revenue guidance, chip demand, profit margins, and the continued capital spending by major cloud providers on AI infrastructure.

While the $280 billion potential swing is substantial, it is notably below the 6.5% move options markets priced in ahead of Nvidia's May 2026 earnings report. It also falls short of the company's historical average post-earnings price swing of 7.4% over the last 12 quarters, according to analytics firm Option...