Nvidia Provides Long-Term Revenue Outlook to Address Wall Street Estimates
Nvidia (NVDA) recently provided a long-term revenue outlook for fiscal year 2028, aiming to address the gap between its internal projections and those of Wall Street analysts. The company expects 70% year-over-year growth in FY28, exceeding analyst forecasts of around 45%. This move was motivated by concerns over supply-chain planning challenges due to diverging expectations. Nvidia's Q2 results exceeded estimates with revenue reaching $96.2 billion and adjusted earnings per share at $2.22. The Data Center segment performed particularly well, generating $89 billion in sales versus an expected $85.8 billion. For the upcoming fiscal third quarter, Nvidia projected revenue between $105.8 billion and $110.1 billion—potentially marking its first quarterly revenue above $100 billion. Despite these strong results, Wall Street remains cautious about long-term growth expectations for FY28, with an average forecast of 63% year-over-year revenue increase.
Tickers: $NVDA
Topics: AI growth Nvidia revenue guidance Wall Street estimates