Nvidia Forecasts Robust AI-Driven Growth Through 2028
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Nvidia Forecasts Robust AI-Driven Growth Through 2028
- Nvidia projects approximately 70% revenue growth for fiscal year 2028, significantly exceeding analysts' average projection of around 45% for that period.
- Chief Financial Officer Colette Kress stated during an August 26, 2026, post-earnings call that this outlook is still supply-constrained, with demand potentially doubling.
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Nvidia, a leading chipmaker central to the artificial intelligence boom, has provided a strong sales outlook for fiscal year 2028, suggesting sustained momentum in AI spending. The company anticipates its revenue will grow by approximately 70% in fiscal 2028. This projection surpasses the average analyst estimate of about 45% growth for the same period.
During a post-earnings conference call on August 26, 2026, Nvidia CFO Colette Kress emphasized that this optimistic forecast is still limited by supply. Kress noted that customer forecasts indicate demand could actually double next year, implying even greater potential if supply constraints were alleviated.
The chipmaker’s second-quarter results for fiscal 2027, also released on August 26, 2026, exceeded Wall Street expectations. Nvidia reported $96.2 billion in sales for the quarter, surpassing market estimates of $92.3 billion. The data center segment, a key driver for the company, saw its revenue more than double, reaching $89.0 billion compared to analysts’ estimates of $85.83 billion. Nvidia also provided a robust revenue forecast for the current quarter (Q3 2027), expecting approximately $108 billion, which is above analysts’ average estimates of around $104.57 billion.
CEO Jensen Huang stated that AI has reached an “inflection point” and is performing useful tasks, with demand accelerating. He highlighted that the AI infrastructure build-out is in full swing, supported by the company’s latest chip line, Vera Rubin. Nvidia also announced an expanded partnership with Amazon Web Services, which will involve deploying an additional 2 million Nvidia GPUs across AWS’s global infrastructure in 2027 and 2028.