Nvidia Crushes Q3 Expectations, Guides to 70% Revenue Growth for Fiscal 2028

Nvidia's quarterly results exceeded expectations, with revenue reaching $96.2 billion, up 18% sequentially and 106% year-over-year.

The data center segment saw significant growth, hitting $89.0 billion, up 117% year-over-year, while networking set a record, up 18% sequentially.

Notably, Nvidia's fiscal 2028 revenue guidance was a surprise to the upside at approximately 70% year-over-year growth, with $700 billion in projected revenue versus a consensus of $570 billion.

This is significant because it highlights the company's ability to secure supply and meet demand, despite being supply-constrained. Unconstrained demand is estimated to be closer to 100%, suggesting that Nvidia has a strong position in the market.