Nvidia Q2 Beats, Guides FY28 Revenue Growth of 70% vs 44% Street
NVDA sits 30% above its 52-week low of $164.07.
Summary
Nvidia's Q2 FY27 revenue doubled to $96.2B, beating estimates of $92.17B, with EPS of $2.22 vs $2.10 expected. Q3 guidance of $108B also topped the $105.2B consensus. The real surprise is FY28 revenue growth guidance of 70%, far above the 44% street expectation, with CFO Colette Kress saying customer forecasts point to growth doubling next year. Management also flagged a new debt risk: $33.5B in senior notes, a $25B commercial paper program, and $15B due in 1-5 years, up from $2.75B last quarter. CEO Jensen Huang cited the AWS deal—2M GPUs plus millions of CPUs and robotics use—as proof of sustained demand. Shares popped 4.3% in extended trading to $209.66, lifting Nasdaq futures over 300 points.
Updates
· Reuters — Nvidia cautioned that memory component shortages will limit how quickly it can scale AI expansion.
At the time of this announcement, NVDA was trading at $213.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: CNBC TV18.