After NVIDIA announced its financial results for the second quarter ending August 2026, the market reacted swiftly. The company's revenue and adjusted earnings per share exceeded analysts' expectations, and the stock price soared by nearly 9% to around $227. Subsequent growth signals from management further boosted market sentiment.
Revenues and profits both exceeded expectations.
Financial reports show that NVIDIA's adjusted earnings per share for the quarter were $2.22, higher than the market's expectation of $2.10; revenue was $96.22 billion, also exceeding the expected $92.17 billion.
The company's net profit for the quarter rose to $53.95 billion, more than doubling from $24.76 billion in the same period last year. This performance continues to solidify its leading position in the AI infrastructure sector.
CFO claims that the growth rate in fiscal year 2028 may reach 70%
After the release of the financial report, NVIDIA's Chief Financial Officer Colette Kress stated in an interview with CNBC that the company expects its revenue growth rate for fiscal year 2028 to reach 70%, which is significantly higher than the general Wall Street forecast of 44%.
She also stated that customer demand forecasts indicate that NVIDIA's growth rate may further accelerate next year. Since the company has consistently delivered results above expectations over the past several quarters, this statement was quickly perceived by the market as a positive signal.
AI Computing power demand continues to support stock prices
The article mentioned that NVIDIA's stock price weakened at the end of 2025 and the beginning of 2026 due to a cooling of investor enthusiasm, and also stagnated in the second quarter of this year. However, it regained its upward trend in the third quarter, with a cumulative increase of about 20% since the beginning of the year.
From a business perspective, the continuous investment in the training and deployment of the AI model by data centers around the world remains a key factor supporting NVIDIA's revenue expectations and market valuation. As the demand for computing power continues to expand, market forecasts for its future growth are also being revised upward.
