Nvidia Beats Estimates, Forecasts 70% Growth in 2028

Nvidia reported quarterly results that exceeded Wall Street expectations and issued a rare, long-term revenue forecast that significantly surpassed analyst estimates, sending its shares higher and reinforcing the strength of demand for artificial intelligence chips. The chipmaker announced on August 27, 2026, that its revenue for the fiscal second quarter reached $96.2 billion, a 106% increase from the same period a year ago. The results were driven primarily by its data center business, which generated $89 billion in revenue. The most striking element of the announcement was the company's forward guidance.