Overview
- Nvidia reported results on Aug. 26, posting $96.2 billion in fiscal Q2 revenue and $89 billion in data‑center sales, driven by hyperscaler demand for AI compute.
- Management issued an unusually long‑range forecast of about 70% revenue growth for fiscal 2028 and guided Q3 revenue near $108 billion.
- CFO Colette Kress warned gross margins will compress to the low‑to‑mid 70s, with a potential bottom near roughly 71%–72% because of rising DRAM/HBM, advanced packaging, and infrastructure costs.
- Amazon Web Services and Nvidia confirmed an expanded AWS deployment of about 2 million additional GPUs, and separate reports say Nvidia is pursuing Hugging Face for roughly $12.9–$13 billion though that deal was not confirmed by Nvidia.
- Company leaders say supply limits, not demand, are the primary cap on growth, and Nvidia’s guidance excludes China data‑center compute, leaving export controls and memory pricing as key risks for customers and suppliers.