Observed Signal · Aug 26, 2026 · Earnings Report · Source: CNBC Technology · Impact: 5/5 · Sentiment: Positive
Nvidia projects 70% revenue growth for 2028
Nvidia reported blowout fiscal Q2 2027 results, with revenue surging 106% year-on-year to $96.22 billion, driven by its powerhouse Data Center division at $89.0 billion. GAAP operating income reached $63.7 billion, and adjusted EPS hit $2.46. Despite supply constraints and rising memory costs trimming gross-margin guidance to 72–73%, Nvidia issued strong Q3 revenue guidance of approximately $108 billion (excluding China) and projected roughly 70% growth for fiscal 2028. Strategic milestones include expanding its AWS partnership to deploy 2 million additional high-end GPUs (Blackwell Ultra and Rubin) and initiating full production of the Vera Rubin architecture across major cloud providers. Additionally, Nvidia updated its $105 billion data-center financing program and partnered with major financial institutions to mobilize $500 billion in external capital for AI infrastructure, while returning $26 billion to shareholders.
Earnings and forward guidance from a major infrastructure supplier (Nvidia) materially affect AI compute capacity expectations and capital allocation narratives across the tech sector.
Track NVIDIA Signals & Market Shifts in Real-Time
Polaris7 autonomous intelligence agents track regulatory filings, primary sources, executive changes, and deal flow 24/7. Create your free Explorer workspace to monitor these entities.
Key Takeaways & Evidence Grounding
- Nvidia's fiscal Q2 2027 revenue surged 106% YoY to $96.22 billion, driven by $89.0 billion in Data Center sales (+117% YoY) and yielding $63.7 billion in operating income.
- Management projected Q3 revenue of ~$108 billion (excluding China) and ~70% growth for FY2028, while trimming gross margins to 72–73% due to supply constraints.
- An expanded AWS partnership will deploy 2 million additional high-end Blackwell Ultra/Rubin GPUs and Vera CPUs over the next two years.
- The next-generation Vera Rubin architecture has entered full production with immediate deployments at CoreWeave, Google Cloud, Azure, and Oracle.
- Nvidia updated its $105 billion data-center financing commitment and partnered with major financial firms (e.g., BlackRock, Blackstone) to mobilize $500 billion for AI infrastructure.
Connected Companies & Entities
42 Entities mapped“Nvidia reported another blowout quarter on Wednesday, delivering a beat on topline metrics that was strong enough to send the stock up 4% in...”
““What gives you the confidence to guide a full-year out? You haven’t been doing that,” Joseph Moore, an analyst with Morgan Stanley, asked C...”
“Stacy Rasgon, semiconductor analyst at Bernstein, noted the 70% growth call would represent a ”$200 billion uptick versus the prior outlook....”
“This article was published by CNBC and reports on Nvidia’s earnings call and guidance....”
“© 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company....”
“Data also provided by Reuters....”
“Data also provided by Reuters....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Nvidia CEO predicts 70% revenue growth amid AI infrastructure surge
At the Goldman Sachs Communacopia + Technology conference, Nvidia CEO Jensen Huang reiterated his forecast of 70% year-over-year revenue growth for the next fiscal year, driven by soaring demand for AI infrastructure. Huang emphasized that Nvidia's products are no longer simple chips but massive computing systems costing up to $8.5 million, with thousands shipped. He cited 27% month-over-month growth for the GB200 NVL72 system, combining Grace CPUs and Blackwell GPUs. Huang also addressed concerns about competition from hyperscalers and AI labs building their own chips, as well as startups like Cerebras and Etched, asserting Nvidia's foundational role across the AI ecosystem. He dismissed criticisms of 'circular' investments, claiming $100 billion in verified contracts from AI companies. The company expects to end the current fiscal year at around $400 billion in revenue, with 70% growth implying approximately $680 billion next year.
Nvidia stock jumps after blockbuster earnings
Nvidia shares rose about 6% in premarket trading after the company reported strong earnings and provided upbeat revenue guidance for fiscal 2028. CFO Colette Kress forecasted 70% revenue growth for fiscal 2028, while CEO Jensen Huang said demand likely exceeds that figure but supply constraints limit shipment. Nvidia said its AI Clouds, industrial, and enterprise (ACIE) customers generated $40.3 billion in sales for the quarter, up 138% year-over-year. Analysts noted supply issues at TSMC and memory shortages, and some flagged a potential competitive threat from custom AI chips being developed by hyperscalers and AI labs.
Nvidia Soars with $68 Billion Revenue in Record Quarter
Nvidia reported a record quarter driven by rapid AI compute demand, announcing $68 billion in quarterly revenue (up 73% year-over-year) and $215 billion in revenue for the full fiscal year. Data center sales accounted for $62 billion of the quarter, split into $51 billion in compute (primarily GPUs) and $11 billion in networking (including NVLink). CEO Jensen Huang emphasized exponential token demand and tight cloud GPU capacity; CFO Colette Kress said approved H200 exports to China have not generated revenue. Nvidia reiterated ongoing talks toward a potential investment in OpenAI (reported at about $30 billion) but filed that there is no assurance the deal will occur. The company defended its capex commitments as necessary for AI-driven revenue growth and noted competitive progress by China-based firms like Moore Threads.
Track Real-Time Market Signals & Shifts
Set up custom watchlists to receive automated, evidence-grounded executive digests whenever material signals or shifts occur across your tracked landscape.