Nvidia CFO Forecasts 70% Revenue Growth for Fiscal 2028
During Nvidia's fiscal Q2 earnings call, Chief Financial Officer Colette Kress outlined the company’s preliminary expectation of a 70% revenue increase in fiscal 2028. This forecast is driven by strong demand for AI chips and continued investment across hyperscalers, AI labs, and enterprises. Nvidia reported $96.2 billion in Q2 revenue—a 106% year-over-year jump—and net income of approximately $60 billion, up 126%. The company attributed this performance to robust demand for its Blackwell chips used in AI computing. Despite supply chain constraints expected through fiscal 2028, Nvidia remains confident due to strong order visibility and partnerships with major hyperscalers. The chipmaker also announced a $40 billion revenue opportunity tied to the Vera Rubin GPU line designed specifically for agentic AI applications. Additionally, it extended its partnership with AWS to supply an additional 2 million GPUs.
Tickers: $NVDA
Topics: AI demand revenue guidance supply chain