**Nvidia Revenue Growth Outlook and Supply Commitments**
Nvidia (NASDAQ: NVDA) projects a remarkable revenue growth of approximately 70% for fiscal 2028, which begins on January 31, 2027. This forecast follows a strong second quarter for fiscal 2027, during which the company’s revenue surged 106% year over year to $96.2 billion, predominantly from its data center segment. Nvidia’s management expects this growth potential could be constrained by supply shortages, despite customer forecasts suggesting potential doubling of revenue in the upcoming year.
To prepare for increased demand, Nvidia has raised its supply and capacity commitments from $119 billion to $279 billion. The commitments largely pertain to memory purchases and manufacturing capabilities, with allocations of $92 billion for fiscal 2027, $87 billion for 2028, and $88 billion for 2029. Additionally, underlining the expanding revenue opportunity, Nvidia estimates that it could achieve $40 billion in revenue per gigawatt with its Vera Rubin systems, compared to $18 billion with its Hopper GPUs.
Key players like Amazon Web Services plan to deploy 2 million Nvidia GPUs in 2027 and 2028, while capital expenditures for the top five hyperscalers are expected to reach $800 billion in 2026 and $1.3 trillion in 2027. Nvidia now claims unprecedented visibility into memory and manufacturing capacity, enabling it to plan effectively for long-term growth despite potential challenges.
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