Nvidia forecast approximately 70% revenue growth for fiscal 2028, with potential revenues approaching $673 billion, which would make it the second-largest US technology company by revenue, behind only Amazon. The company reported fiscal Q2 2027 revenue of $96.2 billion, a 106% year-over-year increase, significantly beating analyst consensus expectations of around 44% growth. The data center segment generated $89 billion in the quarter, representing 92% of total sales, with 117% year-over-year growth. Non-hyperscale customers, companies outside Microsoft, Google, and Amazon, now account for roughly half of Nvidia’s revenue and are growing at nearly 100% annually. Nvidia expects gross margins to stabilize around 71% to 72%, with memory supply constraints remaining a key challenge.
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