Nvidia forecasts 70% fiscal 2028 growth as retail buying follows record quarter

  • Nvidia forecast approximately 70% fiscal 2028 revenue growth after a quarterly earnings beat.
  • Fiscal second-quarter revenue reached $96.22 billion, while adjusted EPS was $2.22.
  • Retail investors bought roughly $250 million of Nvidia shares, extending a 15-session buying streak.

Nvidia said it expects fiscal 2028 revenue to grow approximately 70%, above analysts’ previous 45% forecast and Yahoo Finance’s 63% average estimate, after determining that the gap between its internal outlook and Wall Street projections complicated supply-chain planning. CEO Jensen Huang said growth could exceed 100% without memory-chip shortages. The outlook followed fiscal second-quarter adjusted EPS of $2.22 and revenue of $96.22 billion, compared with expectations of $2.09 and $92.3 billion. Retail investors bought roughly $250 million of Nvidia shares after the results, extending a 15-session buying streak totaling more than $2.5 billion.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.