Nvidia Forecasts 70% Revenue Growth for Fiscal Year 2028
Nvidia projected a 70% revenue increase in its next fiscal year, which sent the stock up during after-hours trading. The company also defended its capital solutions strategy to support customers and highlighted supply constraints that are limiting growth potential beyond this forecast. In Q3 FY26, Nvidia reported $96.2 billion in revenue — more than double from a year ago — with net income rising 126% to $59.7 billion. Data center sales surged by 117%, and the company expects next quarter's revenue to reach approximately $108 billion. Nvidia’s CFO, Colette Kress, acknowledged concerns about circular financing in its AI investments but defended them as necessary for long-term growth. CEO Jensen Huang expressed enthusiasm over recent strategic moves, including backing an OpenAI data center and planning further credit enhancements for frontier AI labs.
Tickers: $NVDA
Topics: AI financial performance semiconductors stock market