On August 27, NVIDIA rose 5.72% in pre-market trading, trading at $222.12/share, with turnover of $42.67 million. The surge follows the company's blockbuster FY2027 Q2 earnings report released after the prior session's close, which beat expectations across all key metrics and delivered an unprecedented long-range growth outlook.

NVIDIA reported Q2 revenue of $96.2 billion, up 106% year-over-year, surpassing the consensus estimate of $92.18 billion. Adjusted EPS came in at $2.22, beating the $2.10 estimate by 5.7%. Data center revenue reached $89 billion, up 117% YoY, exceeding the $85.86 billion forecast. Net profit surged 126% to $59.7 billion. The company guided Q3 revenue to approximately $108 billion, marking the first time quarterly guidance has crossed the $100 billion threshold.

Most significantly, NVIDIA provided its first-ever FY2028 revenue guidance, projecting approximately 70% growth — far above the analyst consensus of 45%. Management noted AI compute supply shortages will persist through at least FY2028-end, with wafer capacity, HBM memory, and data center power all constrained. Multiple Wall Street firms subsequently raised price targets, with JPMorgan moving to $320, Goldman Sachs and Morgan Stanley to $300, RBC to $330, and Melius to $420.

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