# Nvidia CFO: Revenue to Grow 70% Amid High AI Demand _Nvidia CFO Colette Kress forecasts 70% revenue growth in fiscal 2028, driven by AI demand, while acknowledging supply chain challenges and a slight dip in margins._ **Published:** 2026-08-27 **Source:** https://www.startuphub.ai/ai-news/public-companies/2026/nvidia-cfo-revenue-to-grow-70-amid-high-ai-demand --- Nvidia's Chief Financial Officer, Colette Kress, shared an optimistic outlook for the company, projecting revenue growth of approximately 70% in fiscal 2028. This growth is fueled by a substantial increase in demand for eye-watering infrastructure, spanning hyperscalers, AI labs, native AI companies, enterprises, and sovereign clients. The surge in demand for AI-powered computing is a significant driver, with Kress highlighting that the company could achieve even higher revenue figures if not for ongoing supply chain constraints. High AI DemandDriversurge in demand for AI-powered computing across various client typesFrom the article 7 mentionsWhile still exceptionally high for most companies, this projected decrease could be a point of focus for more cautious investors.Optimistic OutlookEffectcurrent quarter estimates also beaten, indicating continued strengthFrom the article 3 mentionsNvidia's strong performance and optimistic outlook are a testament to the rapid expansion of AI infrastructure.drivesNvidia CFO ForecastsCoreColette Kress projects 70% revenue growth for fiscal 2028predicts70% Revenue GrowthOutcomeprojected increase in revenue for fiscal 2028 driven by AI demandFrom the article 5 mentionsNvidia's Chief Financial Officer, Colette Kress, shared an optimistic outlook for the company, projecting revenue growth of approximately 70% in fiscal 2028.High AI DemandDriversurge in demand for AI-powered computing across various client typesFrom the article 7 mentionsWhile still exceptionally high for most companies, this projected decrease could be a point of focus for more cautious investors.Supply Chain ChallengesDriverFrom the article 3 mentionsThe surge in demand for AI-powered computing is a significant driver, with Kress highlighting that the company could achieve even higher revenue figures if not for ongoing supply chain constraints.drivesNvidia CFO ForecastsCoreColette Kress projects 70% revenue growth for fiscal 2028based onStrong Q2 EarningsOutcomerevenues more than doubled year-over-year, approaching $100 billion USDFrom the article 4 mentionsDuring a discussion on Bloomberg Tech Europe, Kress detailed Nvidia's robust second-quarter earnings.led toExceeding ExpectationsEffectFrom the articleEarnings per share also significantly surpassed expectations, coming in at $2.22.supportsOptimistic OutlookEffectcurrent quarter estimates also beaten, indicating continued strengthFrom the article 3 mentionsNvidia's strong performance and optimistic outlook are a testament to the rapid expansion of AI infrastructure.reinforces70% Revenue GrowthOutcomeprojected increase in revenue for fiscal 2028 driven by AI demandFrom the article 5 mentionsNvidia's Chief Financial Officer, Colette Kress, shared an optimistic outlook for the company, projecting revenue growth of approximately 70% in fiscal 2028. ## Strong Quarterly Performance and Future Outlook During a discussion on Bloomberg Tech Europe, Kress detailed Nvidia's robust second-quarter earnings. Revenues more than doubled year-over-year, approaching $100 billion USD. Earnings per share also significantly surpassed expectations, coming in at $2.22. The outlook for the current quarter also indicates continued strength, with estimates being beaten. The full discussion can be found on **Bloomberg Technology**'s YouTube channel. ![Nvidia's Upbeat Sales Outlook Eases Concerns About AI Economy - Bloomberg Technology](https://img.youtube.com/vi/C7y5sO4MR7M/maxresdefault.jpg) Nvidia's Upbeat Sales Outlook Eases Concerns About AI Economy, from Bloomberg Technology However, Kress also pointed to a potential challenge: margins. She indicated that margins might be squeezed in the upcoming months, potentially dropping to around 71-72% from the previous 75%. While still exceptionally high for most companies, this projected decrease could be a point of focus for more cautious investors. ## Addressing Supply Chain Challenges The consistent theme throughout the discussion was the overwhelming demand for Nvidia's AI chips. CEO [Jensen Huang](https://www.startuphub.ai/ai-news/ai-figures/2026/figure-jensen-huang-strategic-position-vs-peer-2026-08-01) acknowledged that the company is experiencing supply chain limitations. He stated, **"Even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%, and we're going to continue to work with our supply chain to increase on that."** This underscores the critical need for the broader semiconductor manufacturing sector, including foundries like TSMC and Samsung, to ramp up production to meet the insatiable demand. ## Nvidia's Return to the China Market The conversation also touched upon Nvidia's strategic re-entry into the China market. The U.S. administration has navigated complex regulations regarding chip sales to China, with recent approvals allowing certain quantities of H200 chips to be shipped. Kress noted that while this re-entry is important for establishing a foothold, the revenue generated from China is currently in the billions, representing less than 1% of Nvidia's data center revenue. This development follows significant lobbying efforts by Jensen Huang in Washington to regain access to the Chinese market. The success is partial, as China's authorities must still approve these shipments and purchases. The situation remains dynamic, with Nvidia needing further approvals for greater sales volumes in the region. ## Market Context and Growth Nvidia's strong performance and optimistic outlook are a testament to the rapid expansion of AI infrastructure. StartupHub.ai data shows Nvidia with a strong score of 82/100, positioning it as a leader in the semiconductor sector, ahead of competitors like Lightmatter (63/100), Positron (49/100), Celestial AI (72/100), and Cerebras Systems (70/100). Broadcom, however, scores slightly higher at 83/100. The company's ability to navigate supply constraints while meeting demand highlights its critical role in powering the global AI revolution. The ongoing investment in manufacturing capacity by key partners will be crucial for Nvidia to capitalize on the red-hot demand it is experiencing. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory. © StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.