Nvidia beat expectations in its latest quarterly report and issued forward guidance far above what analysts had predicted, with CEO Jensen Huang forecasting roughly 70% revenue growth for fiscal 2028.
Key facts
- Nvidia reported better-than-expected quarterly results, according to CNBC.
- CEO Jensen Huang forecast 70% revenue growth for fiscal 2028.
- The guidance was described as far above analyst estimates.
- Results covered Nvidia's Q2 fiscal 2027 period.
Nvidia reported quarterly earnings that came in better than expected and issued forward guidance that sailed past analyst estimates, according to CNBC’s coverage of the chipmaker’s Q2 fiscal 2027 results.
The headline figure from the report was CEO Jensen Huang’s forecast of 70% revenue growth for fiscal 2028, a projection CNBC described as far above what Wall Street analysts had been anticipating.
CNBC tracked the results in real time, following the company’s data center performance, its guidance, ongoing AI demand and the reaction in Nvidia’s stock, which trades under the ticker NVDA.
The outlet framed the report around several key areas of investor interest, including data center results and the broader demand picture for artificial intelligence products, which have been central to Nvidia’s recent growth story.
Beyond the topline beat and the growth forecast, the specific dollar figures and detailed segment breakdowns were part of the live coverage, with CNBC characterizing both the reported results and the guidance as exceeding expectations.
Why it matters
Nvidia has become one of the most closely watched companies in the world as a bellwether for demand in artificial intelligence. A revenue growth forecast well above estimates signals continued strong appetite for AI hardware and can move markets far beyond the company itself.
Frequently asked questions
What did Nvidia forecast for fiscal 2028?
According to CNBC, CEO Jensen Huang forecast 70% revenue growth for fiscal 2028, a figure described as far above analyst estimates.
How did Nvidia's quarterly results compare to expectations?
CNBC reported that Nvidia's results were better than expected and that its guidance sailed past analyst estimates.
Which quarter did this report cover?
The report covered Nvidia's Q2 fiscal 2027 period, according to CNBC's live coverage.