Nvidia forecast a 70% surge in revenue for its next fiscal year (ending January 2028), signaling sustained momentum in AI hardware demand while cautioning that memory component shortages will cap its expansion speed. The unprecedented full-year outlook—far surpassing Wall Street’s 44% growth estimates—reassured investors concerned about an AI spending slowdown, sending Nvidia’s stock up nearly 5% in extended trading. CEO Jensen Huang stated that “AI has reached its inflection point” where compute directly translates into revenue.
To support its multi-year growth trajectory, Nvidia outlined plans to scale its next-generation Vera Rubin platform, expand sales to top AI research labs like OpenAI, and deepen its infrastructure partnership with Amazon Web Services through a 2-million GPU deployment. Executive commentary highlighted a broadening customer base across enterprises, sovereign buyers, and “neo-cloud” providers, though CFO Colette Kress noted that supply chain bottlenecks and rising memory costs will squeeze gross margins down to 71–72% by Q4.
For its fiscal second quarter ending July, Nvidia delivered record results, with overall revenue more than doubling to $96.22 billion and adjusted EPS reaching $2.22, comfortably beating market expectations. Looking ahead to Q3, the company projected revenue of $108 billion, topping analyst estimates of $104.19 billion. However, Nvidia excluded prospective China data center revenues from its forecast amid ongoing U.S. export controls and delayed deliveries of its H200 chips to Chinese tech firms.
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