W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/29/2026

Nvidia Reports $96.2B Q2 Revenue, Projects 70% Growth for FY2028

What happened: Nvidia reported Q2 FY2027 revenue of $96.

Nvidia Reports $96.2B Q2 Revenue, Projects 70% Growth for FY2028

What happened: Nvidia reported Q2 FY2027 revenue of $96.2 billion, up 18% quarter-over-quarter and 106% year-over-year, with data center revenue reaching $89 billion. The company posted GAAP EPS of $2.46 and non-GAAP EPS of $2.22, both beating analyst estimates. Nvidia guided for Q3 revenue of $108 billion (±2%) and projected approximately 70% growth for fiscal year 2028, far above consensus expectations. The stock rose about 9% to $227 following the results.

Why it matters: Nvidia's results reinforce its dominance in AI hardware, with demand outpacing even the most bullish forecasts. The company's aggressive growth outlook is fueling debate over whether the current AI infrastructure boom is sustainable or indicative of a capex bubble. Comments from major customers, including SpaceX's commitment to Nvidia chips, further entrench Nvidia's competitive moat, even as rivals like AMD seek to challenge its leadership.

Source: Fortune