Nvidia shares rally 5% after stellar Q2; revenue guidance for 2028 tops analyst estimates

Nvidia shares jumped 5% in extended trading on Wednesday after the world’s most valuable company reported second-quarter fiscal 2027 results that beat analyst expectations. The stock received a further boost after management said revenue growth could reach about 70% in the next fiscal year, signalling continued strong demand for its AI chips.

Nvidia’s revenue more than doubled from a year earlier to $96.22 billion, beating the $92.17 billion estimate. Earnings per share came in at $2.22, compared with analyst expectations of $2.10.