Nvidia Posts $96.2B Revenue, Then Guides to $108B Next Quarter

Nvidia reported $96.2 billion in fiscal second-quarter revenue, up 106% from a year earlier, and forecast $108 billion for the third quarter. The new guide is companywide revenue guidance, and it gives investors a concrete next delivery marker after an already rapid climb in sales.

The result arrived after a pre-earnings estimate had put Wall Street’s revenue expectation at about $92.1 billion, alongside adjusted earnings of $2.09 a share. Nvidia shares had gained about 0.3% in that earlier Monday session while Nasdaq futures fell roughly 0.6%, a modest move that pointed to the importance investors attached to the scheduled earnings release.

The reported quarter raised an already high baseline

The $96.2 billion result exceeded the $92.2 billion analyst forecast cited after the release. The two cited consensus figures differ slightly because they were published at different points around the report, but both place the reported revenue above the revenue bar investors had been using.

The previous quarter had been a record, with $81.6 billion in revenue. Nvidia attributed $75.2 billion of that earlier total to data centers, showing how much of the recent revenue base was already tied to that business before the new quarterly result.

The market treated the outlook as the new signal

Shares rose more than 9.6% in Thursday afternoon trading after the results and outlook, according to Forbes. The rally followed an initial gain of about 7% in the first hour of trading and pushed Nvidia’s market capitalization back above $5.5 trillion, according to the same account.

That reaction came after a pre-earnings view that Nvidia’s valuation was near $5.2 trillion and that a routine beat might not be enough at that level. The subsequent move shows that investors responded not only to the completed quarter, but also to the scale of the company’s next-quarter forecast.

Guidance shifts attention to execution

Nvidia’s $108 billion figure is a forecast, not a completed result, with a stated tolerance of plus or minus 2%. Management also said it expects about 70% revenue growth in fiscal 2028. That longer-range expectation extends the growth narrative beyond the next quarter, but remains management’s outlook rather than an achieved performance measure.

Before the release, the unresolved questions centered on whether hyperscalers could keep financing AI infrastructure, whether new systems could ship quickly and whether Nvidia could sustain margins. The beat does not resolve those operating questions. Delivery against the $108 billion forecast is now the clearest near-term test of the trajectory Nvidia has set out.