Nvidia (NVDA) Stock Rises After Earnings Beat and 70% Growth Forecast for 2028
TLDR
- Nvidia reported Q2 revenue of $96.2 billion, up 106% year over year, beating estimates of $92.27 billion
- Adjusted EPS of $2.22 beat the consensus of $2.09; data center revenue jumped 117% to $89 billion
- Q3 guidance of ~$108 billion and fiscal 2028 growth forecast of ~70% topped analyst expectations of ~45%
- Nvidia’s edge is expanding beyond GPUs into data orchestration hardware like the Vera CPU and Vera Rubin architecture
- Multiple analysts raised price targets post-earnings; consensus sits at “Moderate Buy” with an average target of $322.61
Nvidia posted blowout Q2 earnings on August 26, with revenue of $96.22 billion against a Wall Street estimate of $92.27 billion. The stock opened at $217.55 on Friday.
Data center revenue led the way, climbing 117% year over year to $89 billion. Adjusted EPS came in at $2.22, beating the $2.09 consensus by $0.13.
Revenue was up 105.9% compared to the same quarter last year. Return on equity hit 96.04%, with a net margin of 63.66%.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
