Nvidia's CFO Colette Kress revealed a significantly higher fiscal 2028 revenue growth projection of 70%, far surpassing analyst expectations of 44%. This long-term outlook, coupled with strong Q2 results and Q3 guidance, suggests sustained demand for Nvidia's AI infrastructure despite anticipated short-term margin pressure due to memory prices.
Nvidia reported a strong beat on Q2 earnings and provided robust Q3 guidance, but the key takeaway was CFO Colette Kress's projection of 70% revenue growth by fiscal 2028, significantly higher than the 44% analysts had modeled. This indicates a much more optimistic long-term outlook for Nvidia's core AI business, driven by continued hyperscaler capital expenditure. While there's a short-term concern regarding gross margin compression due to memory prices, expected to bottom out in Q4 FY2027, the long-term growth forecast overshadows this. This news is a major positive catalyst for NVDA, reinforcing its dominant position in the AI infrastructure buildout and suggesting sustained demand for its products.