Nvidia’s 70% fiscal 2028 revenue growth forecast surpasses analyst estimates, easing demand concerns despite supply constraints.
Nvidia’s stock reversed an initial 3% after-hours decline to close up 5% after the company issued fiscal 2028 revenue guidance of around 70%, exceeding analyst expectations of 44%. The guidance underscored confidence in sustained AI-driven demand, despite supply chain bottlenecks limiting near-term growth.
Second-quarter fiscal 2027 earnings beat estimates, but investor focus shifted to forward-looking commentary. Chief Financial Officer Colette Kress noted that customer demand projections suggest growth could double next year, with supply—not demand—acting as the primary constraint.
The volatile session highlighted market sensitivity to Nvidia’s outlook, as traders weighed near-term execution risks against long-term AI adoption trends. The guidance also signaled potential tightness in the AI chip supply chain, affecting suppliers and enterprise customers alike.