Nvidia blew past Wall Street's expectations on Wednesday, posting $96.2 billion (€82.4bn) in quarterly revenue against a forecast $92.2 billion (€79bn) — and then raised the bar again, guiding next quarter to $108 billion (€92.5bn), also above estimates.
"AI has reached its inflection point," Huang said in a statement. "It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating."
The company also gave a bullish outlook for fiscal 2028, with chief financial officer Colette Kress telling analysts on a post-earnings call that Nvidia expects to grow revenue by roughly 70% that year — well above the 45% analysts had projected.
"Incredibly, we are seeing demand acceleration even at our scale," she said. "Customers' forecasts point to our growth doubling next year."
Days on which Nvidia reports its quarterly results have an outsized importance for the world's most valuable company.
