Nvidia’s Revenue Forecast Signals Growth Momentum
Nvidia (NASDAQ: NVDA) has projected an impressive $78.0 billion in revenue for the first quarter of fiscal 2027, indicating a 77% year-over-year growth from $44.1 billion in the same quarter last year. This guidance follows a fiscal fourth-quarter revenue of $68.1 billion, reflecting a 73% increase year-over-year. The demand for AI capabilities, particularly in data centers, remains a key driver, as the company’s data center revenue alone rose 75% year-over-year to $62.3 billion.
Despite the strong forecast, Nvidia’s sequential growth appears to be cooling, with a lower projection of about 15% quarter-over-quarter growth from the previous quarter, which reported a 20% increase. The absence of anticipated data center revenue from China in the first-quarter forecast further raises questions about future sustainability. Currently, Nvidia’s shares are valued at around 46 times earnings, suggesting the market is already pricing in sustained strong growth.
