Nvidia forecasts first $100B quarter amid AI demand

Nvidia is on pace to become the first semiconductor company to post $100 billion in revenue in a single quarter. The milestone, expected in the company’s fiscal Q3 ending October 2026, caps a stretch of growth so aggressive it has essentially rewritten what investors thought was possible for a chipmaker. Consensus estimates peg Q3 FY2027 revenue at roughly $104 billion. To put that in perspective, that’s more than Intel generated in its entire fiscal year 2023. The numbers behind the trajectory Nvidia’s most recent earnings, reported on May 20, 2026 for Q1 FY2027, showed revenue of $81.6 billion. That figure represents an 85% jump year-over-year and a 20% increase from the prior quarter. Data center revenue came in at $75.2 billion. That’s a 92% increase compared to the same quarter last year, meaning data centers now account for more than 92% of total company revenue. For Q2 FY2027, Nvidia guided revenue to approximately $91 billion, plus or minus 2%. That guidance excludes any sales tied to data centers in China, driven by recent export controls that have restricted the company’s ability to sell advanced AI chips to Chinese buyers. Wall Street analysts are modeling closer to $92 ...