Nvidia projects $673B in fiscal 2028 sales, 70% growth

Nvidia projects $673B in sales as AI demand widens

CFO Colette Kress gave a fiscal 2028 revenue guide of roughly $673B on Aug 26, implying 70% growth—well above the 44% analyst consensus. The just-reported quarter hit $96.2B in revenue and $89B in data-center sales, up 117% YoY. Huang says demand far exceeds 70%, but component shortages (memory, etc.) cap what they can ship. The customer base is broadening beyond hyperscalers to regional AI firms, neoclouds, startups, and enterprises, grouped under the label ACIE. Nvidia is also financing its own demand: $105B in support for an Ohio compute campus and a partnership aiming for up to $500B in data-center financing. The post notes the circular-financing concern but only quotes Huang calling the risk low; no independent risk assessment is provided.

Why it matters: Nvidia's first-ever FY2028 guidance of $673B far exceeds the 44% analyst consensus, with the CFO explicitly stating demand exceeds 70% but is capped by memory supply. This is a top-level signal for the compute supply chain, directly affecting cost expectations and expansion pa...