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canonical_url: "https://aidr.today/63d6993e?lang=en"
title: "Nvidia Forecasts 70% FY28 Revenue Growth After Record $96.2 Billion Quarter"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
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published_at: "2026-08-27T14:57:37.000Z"
category: "Industry"
topics: ["nvidia","chips","infra"]
source_urls: ["https://huggingnews.com/earnings/nvidia-forecasts-70percent-fy28-revenue-growth-after-record-962-billion-d4f6a0af","https://x.com/CoinDesk/status/2092935681697808384","https://x.com/dnystedt/status/2092908166950609265","https://x.com/GlobalMktObserv/status/2092965944335167585","https://x.com/DeItaone/status/2092915124973506843","https://x.com/business/status/2092960412626985408","https://x.com/DeItaone/status/2092968531381870762","https://x.com/Reuters/status/2092772834414387666"]
summary: "Nvidia shares rose in early trading after management said demand is accelerating even at the company's scale. The chipmaker said fiscal 2028 revenue will grow about 70%, versus analyst expectations of 44%. Second-quarter revenue reached a record $96.2 billion, and Nvidia guided the current quarter to about $108 billion. The stock, which initially fell 3% after the report, jumped 7.1% at the open, adding $359 billion in value. Nvidia said supply will remain a bottleneck through at least the end of fiscal 2028 even after it raised commitments tied primarily to memory procurement to $279 billion from $119 billion. It guided third-quarter gross margin to 74% plus or minus 50 basis points and said margins will bottom at 71% to 72% in the fourth quarter before settling at 72% to 73% in fiscal 2028, as memory costs rise during the Vera Rubin ramp. The outlook also boosted tech stocks and key equity indexes Thursday morning."
---

# Nvidia Forecasts 70% FY28 Revenue Growth After Record $96\.2 Billion Quarter

> [Open the canonical story](<https://aidr.today/63d6993e?lang=en>)

**Published:** 2026-08-27T14:57:37.000Z
**Category:** Industry
**Topics:** nvidia, chips, infra

## Summary

Nvidia shares rose in early trading after management said demand is accelerating even at the company's scale\. The chipmaker said fiscal 2028 revenue will grow about 70%, versus analyst expectations of 44%\. Second\-quarter revenue reached a record $96\.2 billion, and Nvidia guided the current quarter to about $108 billion\. The stock, which initially fell 3% after the report, jumped 7\.1% at the open, adding $359 billion in value\. Nvidia said supply will remain a bottleneck through at least the end of fiscal 2028 even after it raised commitments tied primarily to memory procurement to $279 billion from $119 billion\. It guided third\-quarter gross margin to 74% plus or minus 50 basis points and said margins will bottom at 71% to 72% in the fourth quarter before settling at 72% to 73% in fiscal 2028, as memory costs rise during the Vera Rubin ramp\. The outlook also boosted tech stocks and key equity indexes Thursday morning\.

## Sources

- [Story source](<https://huggingnews.com/earnings/nvidia-forecasts-70percent-fy28-revenue-growth-after-record-962-billion-d4f6a0af>)
- [Story source](<https://x.com/CoinDesk/status/2092935681697808384>)
- [Supporting source](<https://x.com/dnystedt/status/2092908166950609265>)
- [Supporting source](<https://x.com/GlobalMktObserv/status/2092965944335167585>)
- [Supporting source](<https://x.com/DeItaone/status/2092915124973506843>)
- [Supporting source](<https://x.com/business/status/2092960412626985408>)
- [Supporting source](<https://x.com/DeItaone/status/2092968531381870762>)
- [Story source](<https://x.com/Reuters/status/2092772834414387666>)