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Nvidia Forecasts 70% Revenue Growth by Fiscal 2028

8/27/2026

50 9 Full Breakdown

Summary

Story summary

Nvidia forecast 70% revenue growth for fiscal 2028, surpassing analysts’ estimates.
Second-quarter revenue reached $96.22 billion, more than double the prior year.
CFO Colette Kress announced an additional 2 million GPUs for AWS in 2027-2028.
Margins are expected to fall to about 71%-72% in Q4, down from roughly 74% in Q3.
Nvidia projected third-quarter revenue of $108 billion, above analysts’ $104.19 billion forecast.

History

Historical Context

In 2004 NVIDIA hired researcher Ian Buck, whose Stanford work with DARPA turned his Brook language into CUDA, officially released in February 2007. The platform shifted NVIDIA’s strategy from graphics to scientific computing, and by 2015 CUDA was centered on accelerating machine-learning workloads, laying the groundwork for today’s AI-driven data-center GPU boom.

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Story summary

Nvidia forecast 70% revenue growth for fiscal 2028, surpassing analysts’ estimates.
Second-quarter revenue reached $96.22 billion, more than double the prior year.
CFO Colette Kress announced an additional 2 million GPUs for AWS in 2027-2028.
Margins are expected to fall to about 71%-72% in Q4, down from roughly 74% in Q3.
Nvidia projected third-quarter revenue of $108 billion, above analysts’ $104.19 billion forecast.

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