Nvidia Forecasts 70% Growth Amid Soaring Receivables and Supply Chain Limits

Nvidia is projecting approximately 70% sales growth for fiscal 2028, constrained by hardware supply bottlenecks despite underlying customer demand pointing to potential doubling of sales. The forecast follows fiscal second-quarter revenue of $96.2 billion, up 106% year-over-year with a 75% gross margin, and third-quarter revenue guidance of $108 billion. However, analysts highlighted balance sheet risks as accounts receivable jumped from $38.5 billion in January to $63.1 billion by late July, lengthening days sales outstanding from 45 to 60 days due to extended customer payment terms and financing arrangements.