GoKawiilNvidia forecasts 70% growth in FY2028, implying $673 billion in sales
Nvidia CFO Colette Kress said on August 26, 2026 that the company expects 70% revenue growth in fiscal 2028, which would translate to roughly $673 billion in annual sales based on current fiscal 2027 consensus estimates. That figure would put Nvidia ahead of Apple and Alphabet, trailing only Amazon among major US tech firms. The outlook follows a fiscal 2027 second-quarter report showing $96.2 billion in revenue and 117% growth in data-center sales to $89 billion.
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This is Nvidia's first long-range revenue forecast, and it far exceeds Wall Street's 44% average growth estimate, signaling management's confidence that AI chip demand extends well beyond the next year or two. CEO Jensen Huang noted that actual demand outpaces even this guidance, but supply constraints in memory and other components are capping how fast Nvidia can grow, making the forecast a statement about bottlenecks as much as ambition. The scale of the projection also underscores how concentrated AI infrastructure spending has become within the broader tech sector.
- Nvidia forecasts 70% revenue growth in fiscal 2028, implying about $673 billion in sales.
- The projection would rank Nvidia's revenue above Apple and Alphabet, second only to Amazon.
- Component and memory shortages, not lack of demand, are limiting how fast Nvidia can grow supply.
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Published there as: “Nvidia projects $673B in sales as AI demand widens”
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