Key AI Earnings Reports This Week: NVIDIA, CoreWeave, and Dell Technologies

This week, the artificial intelligence (AI) trade faces its biggest test of the year, as three leading companies in the AI infrastructure sector are set to release their quarterly earnings. With the tech sector showing signs of fatigue, investors are seeking more than just positive results—they are looking for tangible proof that sustained capital expenditure (capex) is fueling the rollout of next-gen hardware. All eyes are on the after-market close (AMC) on Wednesday and Thursday for confirmation that the AI boom still has room to grow.

NVIDIA: The Unchallenged King of AI Infrastructure

NVIDIA (NVDA) will report its fiscal fourth-quarter 2026 results on Wednesday, Feb. 25, after market close (AMC). As the leading supplier of GPUs that power large language models, NVIDIA continues to be a critical gauge for the AI infrastructure sector. Wall Street expects a “beat and raise” performance, with consensus revenue estimates at approximately $65.6 billion, reflecting a 67% year-over-year increase.

Traders are particularly focused on the production ramp of NVIDIA’s Blackwell architecture chips. Any mention of supply chain bottlenecks or details on the roadmap for upcoming Rubin chips could set the tone for the broader S&P 500. With implied volatility indicating a 6.5% move in either direction, NVIDIA’s earnings report is the top “must-watch” event for global markets this week.

CoreWeave: AI's Physical Backbone

On Thursday, Feb. 26, after market close (AMC), the focus will shift to the physical infrastructure behind AI. CoreWeave (CRWV), the cloud provider that has become a major partner of NVIDIA, will release its earnings amid high expectations for its significant revenue backlog. Analysts project Q4 revenue around $1.53 billion, but the real story is CoreWeave’s $56 billion backlog, which acts as a critical leading indicator for the demand of compute power by AI startups and tech giants alike.

Dell Technologies: Scaling Up AI Server Orders

Alongside CoreWeave on Thursday, Dell Technologies (DELL) will report earnings, showcasing its reinvention as a leader in AI-optimized servers. Analysts are expecting earnings of $3.53 per share on revenue of $31.6 billion. Recently added to Evercore’s “Tactical Outperform” list, Dell is seeing a surge in AI server orders, leaving the last quarter with an impressive $18.4 billion backlog. The challenge for Dell will be maintaining its gross margins while ramping up production to meet the overwhelming demand for AI hardware.

Analysis

This week’s earnings reports will be pivotal for the AI infrastructure sector. For NVIDIA, the focus will be on their ability to meet growing demand and resolve potential supply chain issues. Meanwhile, CoreWeave’s revenue backlog is a critical indicator of how much compute power the market is absorbing, and Dell's ability to sustain margins while scaling up AI server production will be key. Investors will be watching closely for any signs that the AI infrastructure boom is poised to continue its upward trajectory.