Nvidia Posts Record Q2 and Unveils Rare 70% Growth Outlook for Next Fiscal Year

Nvidia delivered a blowout quarter with revenue and guidance beating expectations across the board, and unusually gave a one-year-ahead outlook of 70% revenue growth for next fiscal year, stating the bottleneck is supply, not demand. Multiple posters read this as the strongest confirmation yet of AI infrastructure momentum, even as the stock fell 4% post-earnings.

Confirmed

• Quarterly revenue of $96.22B, up 105.9%106% YoY (about 20 percentage points faster than the prior quarter), up 18% QoQ, beating estimates by $4.06B — a record; GAAP net income of $59.7B, up 126% YoY, with 75% gross margin.
• Data center revenue of $89.02B (BethKindig noted growth accelerated 24 points to 116.6% YoY, up $13.78B QoQ), 92.5% of total revenue, with 55% from hyperscalers.
• Q3 revenue guidance of $108B, above the consensus $104.6B, implying 89.5% YoY growth; the guidance assumes zero compute revenue from China data centers.
• CFO Colette Kress said next-fiscal-year revenue is expected to grow 70% (posters translated this to roughly $700B), far above the 44% analysts expected; Kress said customer forecasts imply demand doubling next year but guidance reflects supply-chain limits. Jensen Huang said actual demand is higher, currently constrained by memory chip shortages. Multiple reposts cited over $2 trillion in cloud-industry backlog.
• GaryMarcus highlighted future commitments ballooning to $366B, stressing both the risks and opportunities behind the numbers.

Unconfirmed

• Beth Kindig (I/O Fund) noted third-party research projecting Nvidia's AI accelerator share falling from 90% in the Hopper/Blackwell era to 70% by end-2026 due to hyperscaler custom silicon — a forecast, not company disclosure.
• Some reposts cited analysts arguing Nvidia could beat guidance, with $750B as a base case — market opinion only.

Why it matters

• Breaking convention with a one-year 70% growth outlook, per heypearlai and others, signals durable AI demand; the market's focus has shifted from whether growth continues to whether supply can keep up.
• Despite record results the stock fell 4%, which posters like iScienceLuvr saw as a dip-buying opportunity amid elevated expectations.
• Pompliano calculated Nvidia now books $1B in daily revenue, underscoring the scale of the AI compute boom.

2026-08-27 ~ 2026-08-28 · 31 related posts

Full story(4 episodes)→

• Episode 1: Nvidia Q2 Earnings Preview: Record $92.3B Revenue Expected(2026-08-25, 3 posts)
• Episode 2: Nvidia Posts Record Q2 and Unveils Rare 70% Growth Outlook for Next Fiscal Year(2026-08-27, 31 posts)
• Episode 3: Nvidia's $100B Value Dispute: Annualized Data Clarification and GDP Accounting Debate(2026-08-27, 6 posts)
• Episode 4: Nvidia Forecasts 70% Revenue Growth as AI Spending Boom Rolls On(2026-08-29, 4 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
• Nvidia issues stunning forecast as CFO denies AI financing is "circular" — TiernanRayTech · 2026-08-28
• Nvidia crosses $1 billion in daily revenue for first time, meme goes viral — _jaydeepkarale · 2026-08-28
• Networking Now Drives a Fifth of Nvidia's Datacenter Revenues — thoefler · 2026-08-28
• Nvidia Q2 revenue hits $30B, future commitments skyrocket to $366B — GaryMarcus · 2026-08-28

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