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Nvidia Posts $96.22B Revenue as CEO Forecasts 70% Growth for Fiscal 2028

Nvidia crushed fiscal Q2 estimates and raised forward guidance, with CEO Jensen Huang projecting 70% sales growth next year driven by strong pricing power and the rapid adoption of the Vera Rubin platform.

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NVDA
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Nvidia reported blowout fiscal Q2 2027 results with EPS of $2.22 and sales of $96.22B, exceeded guidance, and CEO projected 70% sales growth next year with strong pricing power and expansion in CPUs and networking, signaling robust momentum.

🎯 Key Takeaways

  • Fiscal Q2 revenue reached $96.22 billion, significantly outpacing the $92.17 billion analyst consensus.
  • CEO Jensen Huang projects 70% sales growth for fiscal 2028, well above the 44% growth previously modeled by analysts.
  • Gross margins are expected to remain robust, bottoming out at 71-72% before climbing to 72-73%.

📝 Executive Summary

Nvidia reported a blowout fiscal Q2 2027, with adjusted earnings of $2.22 per share on $96.22 billion in revenue, easily surpassing Wall Street expectations. CEO Jensen Huang signaled continued momentum, projecting 70% sales growth for the next fiscal year and highlighting the rapid scaling of the Vera Rubin platform alongside expansion into CPUs and networking.

❓ FAQ

What is the revenue outlook for Nvidia in fiscal 2028?

CEO Jensen Huang anticipates sales growth of approximately 70% for the next fiscal year, driven by strong demand and expansion into new compute categories.