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Nvidia Beats Earnings, Forecast 70% Fiscal 2028 Growth

8/28/2026

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Summary

Story summary

Nvidia posted Q2 earnings that beat estimates and forecast about 70% fiscal 2028 revenue growth.
CEO Jensen Huang said demand exceeds 70% but supply limits shipments, especially High Bandwidth Memory.
Nvidia shares rose up to 8% after the earnings, reversing an early 2% dip.
Philadelphia Semiconductor Index rose 1%, lifting the sector 63% year-to-date.
Analysts warned custom semiconductors from hyperscalers like OpenAI could challenge Nvidia’s lead.

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Story summary

Nvidia posted Q2 earnings that beat estimates and forecast about 70% fiscal 2028 revenue growth.
CEO Jensen Huang said demand exceeds 70% but supply limits shipments, especially High Bandwidth Memory.
Nvidia shares rose up to 8% after the earnings, reversing an early 2% dip.
Philadelphia Semiconductor Index rose 1%, lifting the sector 63% year-to-date.
Analysts warned custom semiconductors from hyperscalers like OpenAI could challenge Nvidia’s lead.