Nvidia’s Soaring Revenue Forecast signals Imminent Rise to Among America’s Largest Companies
SANTA CLARA, CA – November 20, 2024 – Nvidia, the leading designer of chips powering the artificial intelligence revolution, is poised to become one of the largest companies in the United States by revenue, following a blockbuster third-quarter earnings report and an ambitious forecast unveiled wednesday. The company’s rapid ascent is particularly striking considering it recorded less then $10 billion in annual revenue less than a decade ago.
Nvidia’s Q3 2025 revenue reached $57 billion, exceeding analyst expectations, alongside strong earnings and a positive outlook for the fourth quarter. This performance spurred a 5% jump in the company’s share price in after-hours trading.
However, it was Nvidia’s forward-looking projections that truly captivated investors. Chief Financial Officer Colette Kress stated during the earnings call that the company has “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 represent two key families of Nvidia’s AI chips.
Data center revenue, encompassing Blackwell and Rubin, accounted for 90% of Nvidia’s Q3 revenue, with the remaining 10% derived from gaming GPUs and chips for robotics and automotive applications.
nvidia is currently forecasting approximately $203 billion in total revenue for 2025. Kress confirmed an expectation of roughly $350 billion in Blackwell and Rubin revenue between now and the end of 2026, implying around $300 billion in revenue from these chips alone next year.
This revenue stream would be sufficient to place Nvidia within the top 10 of the Fortune 500, and currently ranks the company at No. 17 on the Global 500 list. Nvidia anticipates additional revenue from its other business segments will further bolster its position.
Kress also indicated the $500 billion forecast could be conservative, citing recently announced deals with the Kingdom of Saudi Arabia and Anthropic, and suggesting “there’s definitely an prospect for us to have more on top of the $500 billion that we announced.”
Nvidia’s trajectory marks it as one of the fastest-growing companies in the 70+ year history of the fortune 500. Founded in 1993, the company first entered the Fortune 500 in 2017 at No. 387. It climbed to No. 152 in 2023 and currently holds the No. 31 position.
