Report published May 21, 2026

Goldman Sachs TMT Sales Wrap: Nvidia Beat, AI Momentum, and Market Divergence (May 21, 2026)

Goldman Sachs · May 21, 2026

The report highlights a strong 'beat and raise' from Nvidia, fueling the AI narrative, alongside news of Anthropic reaching profitability ahead of schedule. However, software sentiment is dampened by a significant miss from Intuit and weaker guidance from Autotrader.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Nvidia reported a significant beat and raise, delivering $81.6bn in Q1 revenue against street expectations of ~$79bn, which is expected to catalyze other AI and semiconductor businesses.
2.Anthropic is expected to turn profitable in Q2 2026, significantly ahead of its previous 2028 target, with sales doubling quarter-over-quarter to $10.9B.
3.Intuit shares dropped 13% after TurboTax results failed to meet buyside expectations and management refrained from endorsing long-term guidance.

TODAY'S WRAP
RESULTS THIS MORNING
TECH
TELCOS
MEDIA & INTERNET
GAMBLING
MACRO AND TRADING
2026 EMEA Conferences
2026 Conferences
TMT RESEARCH TEAMS

Report data

Telecoms TMT Research Team

Metric	Estimate	Context
Q1 Revenue	81.6 USD Billion	Nvidia Q1 earnings result vs consensus of ~$79bn.
Networking Revenue	15 USD Billion	Growth in Nvidia's Data Center Networking segment.
Anthropic Q2 Sales	10.9 USD Billion	Anthropic sales growth acceleration.