**Nvidia’s Revenue Projections**
Nvidia (NASDAQ: NVDA) anticipates 70% revenue growth for the upcoming fiscal year (FY 2028), potentially approaching $1 trillion in annual sales. The company reported a record $303 billion in revenue over the past 12 months, with Q2 earnings revealing a 106% increase, reaching $106 billion. This growth trajectory could elevate annual sales to between $700 billion and $800 billion by FY 2028, marking a significant jump from $27 billion in FY 2023.
**Market Position and Comparisons**
With a market capitalization nearing $5.5 trillion, Nvidia is now the largest company globally. If Nvidia maintains its current growth rate of 70%, it would only require around 40% growth the following year (FY 2029) to surpass $1 trillion in revenue. However, Amazon (NASDAQ: AMZN), currently at $775 billion in revenue, may pose a challenge, needing just two years of 15% growth to achieve the same milestone.
**Profit Margins and Operating Earnings**
Nvidia’s operating margin stands at 65%, indicating potential operating earnings of approximately $650 billion if revenue reaches $1 trillion in FY 2029. While this positions Nvidia as the most profitable business globally, concerns arise regarding the sustainability of growth amid potential fluctuations in AI investment spending over the next decade.
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