Nvidia outlines FY28 targets with 70% revenue growth outlook and 72–73% long-term gross margin
AI Market Summary
Nvidia reported record Q2 results, doubling revenue to $96.22B while sustaining a 75% gross margin, and outlined strong preliminary FY2028 targets (70% revenue growth; 72–73% long-term gross margins). Management also highlighted aggressive balance-sheet deployment ($99B equity investments; $279B supply commitments) to secure AI supply and broaden demand beyond hyperscalers. The scale of commitments reinforces NVDA's AI platform control, influencing semis and data-center risk appetite near term.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-1.91%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Nvidia reported Q2 results with revenue doubling year over year to $96.22B while maintaining a 75% gross margin. Management provided preliminary guidance calling for 70% revenue growth in fiscal year 2028 and long-term gross margins of 72–73%. The company also said it has deployed $99B in equity investments and $279B in supply commitments to reinforce its position in AI.
