Nvidia issues first long-range revenue outlook, projecting 70% jump for fiscal 2028
Nvidia unveiled its initial full-year revenue projection, expecting a 70% increase for fiscal 2028, which exceeds analyst estimates by more than $100 billion. The company also reported second-quarter revenue of $96.2 billion, a 106% year-over-year rise, and guided third-quarter revenue to $108 billion. CEO Jensen Huang noted that supply constraints are limiting even faster growth, as demand outpaces the 70% forecast.
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Original headline: “Nvidia gave its first-ever year-ahead forecast—a 70% growth bombshell meant to silence AI bubble critics and ‘circular financing’ doomsayers.” Browse more stories.