By Vandita Jadeja
Publication Date: 2026-09-29 13:30:00
Nvidia’s earnings estimates have sprinted far ahead of its share price, and one upcoming product ramp could rewrite the revenue math entirely. Here is how the numbers stack up for the next two years.
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By September 27, 2028, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) will close at or above $335 per share. At today’s share count of 24.147 billion, that works out to a market value of about $8.09 trillion.
The stock closed at $225.07 on September 25, with a market cap of $5.43 trillion, so the target is roughly 49% above that close.
Hitting it only requires a multiple of about 21x the fiscal 2028 consensus EPS of $15.6826. Today the stock trades at about 14x that figure and 45x trailing earnings.
Earnings Estimates Are Racing Higher Than the Share Price
In fiscal Q2, revenue reached $96.22B, up 105.8% year over year. Non-GAAP EPS of $2.22 exceeded the $2.09 consensus, the 5th straight beat. Q3 guidance calls for $108.0B ± 2%.
Management expects revenue to grow “approximately 70%” next fiscal year and calls that a supply-constrained number. It also said “customers’ forecasts point to our growth doubling next year.“
Analysts have raised the fiscal 2028 EPS average from $12.6737 90 days ago to $15.6826, with 42 upward revisions and zero downward over 30 days. The stock is up 26.97% over the past year, well…
