Nvidia’s 70% Growth Bombshell: How This Helps Drive NVDA Stock Up

Nvidia reported better-than-expected results in its fiscal second-quarter earnings call on Wednesday (August, 26, 2026). It topped all estimates, including earnings per share of $2.22 adjusted vs. $2.10 estimated and revenues of $96.22 billion vs. $92.17 billion estimated. This led to Nvidia stock (NASDAQ: NVDA) jumping nearly 9% in value, reaching $227 on the company’s forecast for next fiscal year.

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Nvidia Stock: A ‘70% Growth’ Comment From the CFO Shakes Up the Market

Colette Kress, the Chief Financial Officer of Nvidia, made a stunning revelation during an interview with CNBC analysts that the company expects fiscal 2028 revenue growth of 70%. This completely outruns Wall Street analysts’ expectations of 44%. She said that customer forecasts “point to our growth doubling next year.” Nvidia is always known to beat expectations; therefore, her words are taken literally. Nvidia stock pumped up after the comment, indicating strong forecasts for 2028.

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