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Nvidia forecasts about 70% revenue growth
August 27, 2026
The chipmaker put next fiscal year's revenue growth at about 70 per cent, alongside quarterly sales of US$96.22 billion against a US$92.17 billion estimate.
Reuters reports that Nvidia forecasts sales growth of about 70 per cent next year and reads the guidance as a sign that AI spending has further to run. The Straits Times reports second-quarter revenue of US$96.22 billion against estimates of US$92.17 billion, the plan to put 2 million more GPUs to work with Amazon in an expansion of a March arrangement covering 1 million, and demand from AI labs amounting to roughly a quarter of next year's business. Axios carries the same 70 per cent projection for 2028. CNN reports that shares rose more than 4 per cent after hours, having dipped first, and that the turn came on Wednesday evening's earnings call rather than on the results themselves. Chief Executive Jensen Huang framed the demand in plain terms, saying "AI has reached its inflection point" and that computing is now revenue.
Where the accounts part company is on the character of the outlook itself. One puts weight on the projection being a rare step for a chip company that does not usually publish figures that far ahead; another treats it as unremarkable guidance and moves to the market reaction. The difference matters for a reader weighing how much confidence the number carries: a departure from practice reads as a deliberate signal to investors, routine guidance reads as arithmetic.
The cautions travel with the coverage rather than against it. CNN reports that Nvidia is investing in other technology companies to fund their AI build-outs, a pattern critics call circular financing, and that analysts question the risk if those customers see little return. CNN also reports that shares are up about 12 per cent this year, roughly matching the S&P 500 and the Nasdaq Composite, a modest showing after years of large gains. The Straits Times reports that Nvidia pitched its Vera CPU to Chinese clients in June and that Washington cleared about 10 Chinese firms, among them Alibaba, Tencent and ByteDance, to buy the H200 in May, with deliveries stalled for months afterward. The figures, the Amazon expansion and the market reaction are reported. What the projection signifies is contested.
Still developing
The China business stays unresolved: deliveries of cleared H200 chips stalled for months, and the accounts stop short of saying what volume, if any, has moved. The strength of demand behind the circular financing arrangements is also unsettled, with analysts raising the possibility that AI appetite is inflated by the funding itself.
How settled the reporting is
Sources
- CNN — Nvidia doubles its sales, but investors have their eye on the future
- The Straits Times — Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run - The Straits Times
- Axios — Nvidia projects 70% revenue growth in 2028