Nvidia posts another record quarter, predicts explosive AI-driven growth will last through 2028

[DragonSlayer101]

The takeaway: Nvidia this week reported blockbuster results for the quarter ending in July 2026 and issued ambitious revenue guidance that topped Wall Street consensus estimates. The company's stock jumped more than 7% in early trading on Thursday after Nvidia confirmed that it expects demand for high-end AI accelerators to remain strong in the near future.

According to Nvidia's official filing with the SEC, quarterly revenue for the three-month period ending in July 2026 reached $96.22 billion, beating the $91.90 billion expected by Wall Street. Net income more than doubled to $53.95 billion, up from $24.76 billion in the previous quarter. Adjusted earnings came in at $2.22 per share, higher than the $2.08 expected by analysts.

Credit: App Economy Insights

In the current quarter, Nvidia expects revenue to reach around $108 billion. The projection is largely in line with analyst estimates, with most banks and brokerage firms forecasting sales between $105.2 billion and $110 billion. In fiscal 2028, the company expects revenue to grow by around 70%, significantly higher than the 45% projected by analysts.

Speaking to reporters during a post-earnings conference call, Nvidia CFO Colette Kress claimed that demand for AI accelerators is seeing an uptick among data center customers, despite warnings from many institutional investors about a potential AI bubble. "Customers' forecasts point to our growth doubling next year," she added.

During the same conference call, Nvidia CEO Jensen Huang noted that the company's next-generation AI accelerator, codenamed Vera Rubin, is now in production. The so-called AI "Superchip" was officially unveiled at CES 2026 in Las Vegas in January after being showcased at the company's GPU Technology Conference (GTC) in Washington last October.

The ambitious projections and assurances from Nvidia's top executives regarding continued demand for AI hardware appear to have eased some investor concerns about a potential AI bubble. However, uncertainties remain over the supply constraints faced by Nvidia's main contract manufacturer, TSMC, as well as the rising cost of high-bandwidth memory.

Nvidia made its name as a GPU designer for gaming PCs and professional workstations, but its recent pivot to AI chips has propelled its market capitalization to more than $5 trillion. The company is now preparing to expand its AI hardware business beyond data centers and into the consumer market by teaming up with Perplexity to launch the "Portable Computer" AI agent, which is designed to run locally on PCs and workstations.

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Nvidia posts another record quarter, predicts explosive AI-driven growth will last through 2028

 

[wiyosaya]

Maybe it is a bubble and the tech bros are just drunk on the initial profits.

 

[NumberNine]

This isn't a bubble the the same way that we're not currently experiencing human accelerated climate change. Have fun fellas, the rest of us will clean up your aftermath and deal with the consequences. The money is there. The returns are not. The delta is what they parade as progress instead of risk.

One way or the other, lives will be ruined and I'll have mountains of yesterday's fashion at my disposal, having simply observed. Don't let your professional sensibilities override your capacity for independent analysis.

 

[yRaz]

This isn't a bubble the the same way that we're not currently experiencing human accelerated climate change. Have fun fellas, the rest of us will clean up your aftermath and deal with the consequences. The money is there. The returns are not. The delta is what they parade as progress instead of risk.

One way or the other, lives will be ruined and I'll have mountains of yesterday's fashion at my disposal, having simply observed. Don't let your professional sensibilities override your capacity for independent analysis.

What people need to realize about this record quarter is that most of it is nVidia "donating" money to AI companies with the stipulation that they buy nVidia AI hardware. They keep just passing the same money around to pump their books. Central banks of entire nations are starting to talk about the circular investing problem, this isn't just people on forums spouting nonsense.

 

[Kashim]

What people need to realize about this record quarter is that most of it is nVidia "donating" money to AI companies with the stipulation that they buy nVidia AI hardware. They keep just passing the same money around to pump their books. Central banks of entire nations are starting to talk about the circular investing problem, this isn't just people on forums spouting nonsense.

Bubble or not, an end to all this nonsense is coming sooner rather than later. There's just no scenario in which all these hyperscalers investing hundreds of billions are going to make it through and recoup their investments. It's just a mathematical impossibility for all of them to succeed and many of them WILL fail. It's not a question of if but a question of when, and I think the answer will be obvious in the next couple of years. I can't wait to see all the house of cards start to crumble.

Some of the big hitters (Google, Apple, Amazon, etc.) will make it through, since they're so big, but I doubt any of them will ever recoup their massive investments. They all expect to have tens of millions of subscribers paying large amounts of money every month in perpetuity and I just really don't see that happening. Big companies are already cutting back on AI usage after realizing how quickly the cost can get out of hand. The average person doesn't need fancy frontier level AI models most of the time, so why would they keep paying large amounts of money when they can run a local model and pay next to nothing?

 

[wiyosaya]

What people need to realize about this record quarter is that most of it is nVidia "donating" money to AI companies with the stipulation that they buy nVidia AI hardware. They keep just passing the same money around to pump their books. Central banks of entire nations are starting to talk about the circular investing problem, this isn't just people on forums spouting nonsense.

I don't think people will learn until this ponzi scheme blows up in the tech bros faces.

 

[Kashim]

I don't think people will learn until this ponzi scheme blows up in the tech bros faces.

I can't wait to see that happen, and when it does it will likely take a big chunk of the American economy with it. People are oblivious to the fact that the American economy isn't doing as great as the current numbskull administration with their constantly lying and embellishment make it seem. It has been largely buoyed by trillions in AI investment in the last couple of years, and once that collapses (and it will) then the fun begins.

 

[yRaz]

I can't wait to see that happen, and when it does it will likely take a big chunk of the American economy with it. People are oblivious to the fact that the American economy isn't doing as great as the current numbskull administration with their constantly lying and embellishment make it seem. It has been largely buoyed by trillions in AI investment in the last couple of years, and once that collapses (and it will) then the fun begins.

Well, the economy isn't the stock market. Most people will never see a dime of the AI money that's being passed around like a joint to all the tech companies

 

[LordVile95]

Well, the economy isn't the stock market. Most people will never see a dime of the Aai money that's being passed around like a joint to all the tech companies

A lot of pensions are in the stock market. Stock doesn’t do well neither does your retirement.

 

[yRaz]

A lot of pensions are in the stock market. Stock doesn’t do well neither does your retirement.

I'm aware, but I also have about 25 years until retirement but the real issue is that the AI bubble risks crashing the world economy and if that happens then the US might actually never recover.

They whole economy is ****ed and we kept sticking it back together with hot glue and paper towels and someday it finally will just collapse.

 

[LordVile95]

I'm aware, but I also have about 25 years until retirement but the real issue is that the AI bubble risks crashing the world economy and if that happens then the US might actually never recover.

They whole economy is ****ed and we kept sticking it back together with hot glue and paper towels and someday it finally will just collapse.

Well yeah the US would be in recession without the AI spending. Probably why Trump supports it so much.

 

[Megalomaniac]

Maybe it is a bubble and the tech bros are just drunk on the initial profits.

This isn't a bubble.

 

[hahahanoobs]

For context, Intel was doing $80B a year before Zen.
$96B in a quarter is crazy.