NVIDIA released its earnings report and held a conference call after market close on August 26, providing its first full-year revenue guidance for fiscal year 2028, projecting a 70% increase, significantly higher than the market's previous expectation of approximately 45%. To secure HBM and DRAM capacity supply for the next two years, the company substantially increased its purchase commitments from $119 billion in the previous quarter to $279 billion. This move is expected to put pressure on gross margins, with a projected median gross margin of 74% for Q3, further decreasing to 71%-72% in Q4. Additionally, NVIDIA expects Q3 revenue to reach $108 billion, a nearly 90% year-over-year increase and an $11.8 billion sequential increase, primarily driven by strong demand in its data center business.