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Nvidia's First-Ever Year-Ahead Forecast Projects 70% Revenue Growth for Fiscal 2028, Poised to Surpass Apple and Alphabet
Nvidia CFO Colette Kress stated on August 26 that the company expects fiscal 2028 revenue growth to reach 70%, significantly exceeding the 44% average analyst estimate. This guidance, the company's first-ever year-ahead revenue forecast, implies fiscal 2028 revenue near $673 billion to $700 billion, which would position Nvidia ahead of Apple and Alphabet in revenue among U.S. tech companies. Following the news, shares jumped approximately 8.7%.
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