Nvidia Targets No. 2 Spot with Ambitious Revenue Growth Projections

Nvidia's CFO Colette Kress made an ambitious claim during the company's earnings call on August 27, 2026. She stated that Nvidia is on track to achieve 70% revenue growth in fiscal 2028, surpassing the average analyst estimate of 44%. This projection is based on a consensus revenue forecast of $396B for fiscal 2027, which ends in January.

Nvidia's strong performance has put it in contention for the number two spot in terms of revenue among tech companies. The company's ability to deliver growth at this level will be crucial in achieving its goal and solidifying its position in the industry.