JPMorgan analyst, Joshua Meyers, recently provided visibility into NVIDIA’s potential revenue for the years 2025 and 2026. According to Meyers, the company is expected to generate $500b in revenues, with 6m GPUs already shipped and a significant portion of that amount coming from the US and other countries outside of China. This estimate is significantly higher than the consensus forecast for NVIDIA’s revenue in the fourth quarter of 2025, which stands at $56b, and its full-year 2026 revenue, which is predicted to be around $258b.

Meyers’ estimate suggests that NVIDIA could generate a staggering $350b in revenue from C4Q25 through C4Q26, excluding China. While this is an impressive figure, it’s worth noting that the estimate may not include any revenue from the company’s upcoming Hopper GPU, which could potentially contribute to the total revenue forecast.

The analyst also mentioned that the bottom-line for NVIDIA sounds materially better than previously guided, suggesting that the company may be on track to exceed its previous revenue projections. However, it’s important to note that Meyers did not provide any specific guidance on how much of this revenue is expected to come from China or other regions, making it difficult to accurately estimate the full potential of NVIDIA’s revenue.

In addition to the revenue forecast, Meyers also provided a chart showing a clean break out as the company continues to trade inside a big trend channel. While this could be seen as a positive sign for the company’s future performance, it’s important to keep in mind that market trends can be unpredictable and subject to change at any moment.

Overall, while JPMorgan’s estimate of NVIDIA’s revenue potential is certainly impressive, it’s important to approach these projections with caution and to consider the various factors that could impact the company’s actual performance. As always, investors should conduct thorough research and analysis before making any investment decisions.