EL7.AI
StocksMedium•27 August 2026•
1 min read

NVIDIA Forecasts 70% Revenue Growth for FY2028 and Resets Margin Targets

Key Facts

1NVIDIA expects revenue growth of approximately 70% for fiscal year 2028.
2The company reset its gross margin outlook to a range of 72% to 73%.

Following record fiscal 2027 results, NVIDIA has announced significant updates to its long-term financial guidance to reflect evolving demand dynamics in the AI market. The company expects revenue growth of approximately 70% for fiscal year 2028, a move aimed at aligning expectations with production costs and sustained demand for its advanced chips. Additionally, management reset its gross margin outlook to a range between 72% and 73%.

These forecasts arrive as the semiconductor sector shows varied price performance among competitors, per market data. TSM closed at $209.66 and INTC at $87.10 on August 26, 2026, while AMD recorded a close of $456.75 on August 24, 2026. NVIDIA's figures reflect high ambition compared to industry peers as the company seeks to maintain its leadership amid shifting manufacturing costs.

NVDA stock stood at $209.66 (close August 26, 2026), having hit a day high of $213.60. Traders are monitoring support levels near the day low of $209.23 to gauge market reaction to this ambitious guidance. Looking at the economic calendar, there are no immediate catalysts for the tech sector in the coming days, leaving the focus on the details of the 2028 growth plan.