Nvidia Rarely Issues Early Guidance for Next Fiscal Year: Expects Revenue Growth of Around 70%, Far Exceeding Market Expectations, Stock Price Surges 5% in After-Hours Trading

BlockBeats News, August 27th, NVIDIA (NVDA) announced its better-than-expected performance for the second quarter of fiscal year 2027 in the US stock market after hours on Wednesday. However, it failed to impress some high-expectation investors, causing the stock price to drop 3% after hours. The company's CFO, Colette Kress, later delivered additional good news during a conference call with analysts, stating that she expects the company's revenue to grow by approximately 70% in fiscal year 2028, compared to analysts' previous expectation of 44%.

Kress said, "It's incredible that even at our current scale, demand is still accelerating. Customer forecasts indicate that next year's growth will double. However, as I mentioned before, due to supply constraints, we expect the growth rate to be around 70%." NVIDIA CEO Jensen Huang also mentioned that the company has never provided performance guidance a year in advance and that in reality, demand growth has exceeded 70%.

However, although demand growth is approaching 100%, the 70% figure is based on the company's current supply capacity. If there were no supply constraints, the performance outlook for fiscal year 2028 would be "much higher." NVIDIA's stock rose 5% after hours.