Nvidia posts record $96.2B Q2 revenue and guides 70% growth for FY28

Nvidia's latest quarterly results and guidance beat market expectations across the board, and the company unusually gave growth guidance of 70% for the next fiscal year a full year ahead of time, making clear that the current bottleneck is supply chain, not demand. Against a backdrop of AI compute demand outstripping supply, this earnings report is seen as the strongest confirmation yet of the AI infrastructure boom, even though the stock still fell about 4% after the release.

Confirmed

• Quarterly revenue was $96.22 billion, up about 106% year-over-year (growth accelerated roughly 20 percentage points from the prior quarter) and up 18% sequentially, beating expectations by about $4.06 billion and setting a record; GAAP net income was $59.7 billion, up 126%, with gross margin around 75%.
• Data center revenue was $89 billion, up 117% year-over-year (some posts cite 116.6%), accounting for about 92.5% of total revenue, with roughly 55% coming from hyperscalers.
• Q3 revenue guidance is $108 billion, above the market's $104.6 billion expectation; the guidance assumes zero compute revenue from China data centers, and excluding China, growth is still about 89% year-over-year.
• CFO Colette Kress said on the earnings call that next fiscal year (FY2028) revenue is expected to grow about 70%, far above analysts' 44% expectation; Jensen Huang said actual demand is higher but constrained by supply chain limits such as memory chip shortages. Multiple reposts noted the company said cloud industry backlog exceeds $2 trillion.
• Posts from downingarks and others relayed the report's core logic: AI is doing useful work and generating "profit tokens," so sufficient compute directly yields more returns, explaining demand across industries.

Unconfirmed

• Beth Kindig (I/O Fund) noted in her breakdown that industry research projects Nvidia's AI accelerator market share will fall from roughly 90% in the Hopper/Blackwell era to about 70% by the end of 2026, mainly due to hyperscalers' in-house chips—this is a third-party research forecast, not company disclosure.
• Some reposts cite analysis suggesting Nvidia could actually exceed guidance, with $750 billion possibly just a base case—this is a market view.

Why it matters

• Nvidia broke convention by issuing 70% growth guidance a year in advance, seen by many posters as a strong signal of sustained AI demand; the market's focus has shifted from "whether growth continues" to "whether supply can keep up."
• Record earnings but a 4% stock drop was viewed by posters like iScienceLuvr as a buy-the-dip opportunity amid sentiment swings, showing how elevated expectations have become.
• Pompliano calculated that Nvidia's daily revenue has reached about $1 billion, underscoring the scale of the AI compute boom.

2026-08-27 ~ 2026-08-28 · 27 related posts

Full story(3 episodes)→

• Episode 1: Nvidia Q2 Earnings Preview: Record $92.3B Revenue Expected(2026-08-25, 3 posts)
• Episode 2: Nvidia posts record $96.2B Q2 revenue and guides 70% growth for FY28(2026-08-27, 27 posts)
• Episode 3: Nvidia's $100B Value Debate: Annualized Figures Clarified and GDP Accounting Disputed(2026-08-27, 6 posts)

• NVDA Stock Drops 4% Despite Record $96.2B Revenue Beat — iScienceLuvr · 2026-08-27
• Nvidia beats revenue expectations with forecast of $108B — Polymarket · 2026-08-27
• Analysis layers exist between Nvidia sales and enterprise ROI — iamKierraD · 2026-08-27
• Nvidia guides $108B Q3 revenue, doubling growth even without China data center sales — inductionheads · 2026-08-27
• NVIDIA CFO forecasts 70% growth next year, targeting ~$700B revenue — BenBajarin · 2026-08-27
• [source] Nvidia projects 70% revenue growth for fiscal 2028, beating analyst expectations of 44% — firstadopter · 2026-08-27
• Nvidia data center revenue hits record $89B, up 116% YoY — Beth_Kindig · 2026-08-27
• Nvidia Q2: $96.2B Revenue, 92.5% From Data Center, $105B OpenAI Guarantee — rohanpaul_ai · 2026-08-27
• [source] Nvidia FQ2 revenue hits $96.22B, beating estimates by $4.06B — Beth_Kindig · 2026-08-27
• Nvidia Earnings Key Takeaway: AI is Generating Profitable Tokens — downingARK · 2026-08-27
• NVIDIA Q2 revenue $30B up 122%, guidance beats expectations — JFPuget · 2026-08-27
• Nvidia revenue beats expectations; forecasts 70% growth for fiscal 2028 — rickasaurus · 2026-08-27
• Nvidia generating $1 billion in revenue per day — MickeySteamboat · 2026-08-27
• Nvidia guides for 70%+ revenue growth, dwarfing 44% street estimates — mitchdeg · 2026-08-27
• Nvidia Rarely Guides for 70% Growth in Fiscal 2028 Revenue — heypearlai · 2026-08-27
• Nvidia profit doubles to $59.7B, AI spending boom continues — pstAsiatech · 2026-08-27
• NVIDIA posts $96.2B quarterly revenue, up 106% year over year — badumtsssst · 2026-08-27
• Nvidia's Q2 Masterstroke: FY28 Guidance of $691B vs $570B Expected — Beth_Kindig · 2026-08-28
• Nvidia jumps 9% on Wall Street after blowout quarterly results — mitchdeg · 2026-08-28
• Nvidia projects ~70% revenue growth next fiscal year, driven by surging AI demand — Polymarket · 2026-08-28
• NVIDIA posts $60B quarterly profit, +70% FY28 guide shreds "AI capex bubble" talk — ramagetime · 2026-08-28

6 near-duplicate retellings: rohanpaul_ai · kimmonismus · kimmonismus · dr_alphalyrae · heypearlai · Beth_Kindig