GoKawiilNvidia's Q2 revenue hits $96.22B, guides for $108B next quarter
Nvidia reported revenue of $96.22 billion for the quarter ending July 2026, beating Wall Street's $91.90 billion estimate, with net income more than doubling to $53.95 billion. The company guided for roughly $108 billion in the current quarter and forecast about 70% revenue growth in fiscal 2028, well above the 45% analysts had projected. Shares rose over 7% after CFO Colette Kress said customer forecasts point to growth doubling next year, while CEO Jensen Huang confirmed the next-gen Vera Rubin chip is now in production.
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The results and unusually bullish 2028 guidance push back against growing investor worry that AI infrastructure spending is a bubble poised to pop. Nvidia's forecasts effectively signal that hyperscalers and enterprises still plan to keep buying high-end accelerators at a rapid clip well beyond this year, which has ripple effects across chipmakers, cloud providers and the broader market's tech valuations.
- Nvidia posted $96.22B in quarterly revenue and $53.95B in net income, both beating expectations.
- The company projects ~70% revenue growth in fiscal 2028, far above the 45% Wall Street had modeled.
- New Vera Rubin AI chips are now in production, supporting Nvidia's confidence in sustained demand.
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Published there as: “Nvidia posts another record quarter, predicts explosive AI-driven growth will last through 2028”
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