Nvidia pleased investors with its latest earnings announcement: The company’s Q3 revenues of $57 billion beat expectations, as did its earnings and its forecast for Q4, and its share price jumped 5% in after-hours trading.
But arguably even more eye-popping was its forecast for the next 14 months. In a conference call after the earnings report was released, Chief Financial Officer Colette Kress said that Nvidia sees “visibility to a half a trillion dollars in Blackwell and Rubin revenue from the start of this year through the end of calendar year 2026.” Blackwell and Rubin are two of Nvidia’s families of AI chips.
Kress also implied that her half-trillion-dollar forecast was at the low end of Nvidia’s range. She cited just-announced deals with the Kingdom of Saudi Arabia and Anthropic, and added that “there’s definitely an opportunity for us to have more on top of the $500 billion that we announced.”
If Nvidia’s forecast comes true, it’ll cement the company’s place as one of the fastest-growing companies in the 70-plus year history of the Fortune 500. Nvidia was founded in 1993, but didn’t crack the 500 until 2017, when it ranked No. 387; at the time it had less than $10 billion in annual revenue. As recently as 2023, it ranked at No. 152; this year it’s No. 31.
