Nvidia doubles revenue, targets 70% growth next year

Nvidia reported a 106% year-over-year revenue increase to $96.2 billion in its latest quarter, surpassing analyst expectations, and projected a 70% revenue growth for the next fiscal year. The company's own forecast for the next fiscal year, beginning February 2027, is significantly more optimistic than the 44% growth predicted by analysts. CEO Jensen Huang cited supply chain constraints as a limiting factor, stating demand could grow at least twofold. Nvidia's data center segment revenue rose 117% to a record $89 billion. The company also noted beginning shipments of Hopper accelerators to China, though this accounted for less than 1% of data center revenue.