Nvidia Forecasts 70% Fiscal 2028 Revenue Growth, Calls Outlook Supply-Constrained

Nvidia expects revenue to grow about 70% in fiscal 2028. For fiscal third quarter 2027, it forecast revenue of $108 billion, plus or minus 2%.

Revenue reached $96.221 billion in fiscal second quarter 2027, which ended July 26, 2026, up 106% from a year earlier. Data Center revenue was $89 billion, a 117% increase.

The outlook assumes no Data Center compute revenue from China. Nvidia reports total and segment revenue and gives a total-revenue outlook, but does not provide an annual chip-unit total.

The separate fiscal 2028 outlook calls for revenue growth of about 70%. Chief Financial Officer Colette Kress described it as “supply-constrained.”

Nvidia’s fiscal 2026 revenue was $215.9 billion for the year ended Jan. 25, 2026. That fiscal-year result covers a different period from calendar year 2026.