OKX Radar US Stocks Daily Watch: Nvidia and Salesforce Earnings 2026: Nvidia Revenue Up 106% and FY2028 Guidance Up 70%, Salesforce Agentforce Revenue Up 240%

OKX Radar Editorial Team @OKXRadar August 27, 2026

Nvidia and Salesforce both reported earnings on the same day, validating AI commercialization from the hardware and application sides respectively: Nvidia's quarterly revenue rose 106% year over year and the company gave its first FY2028 guidance calling for 70% growth; Salesforce's Agentforce annualized revenue exceeded $1.5 billion, up 240% year over year. OKX Radar believes that AI capital expenditure and revenue realization are now mutually confirming each other, and US tech stock pricing is shifting from expectations to validation.

AI Summary

Core view: Nvidia stretched the market's imagination for the AI hardware demand curve with better-than-expected quarterly results and significantly raised long-term guidance, while Salesforce validated the ability to monetize AI at scale in the application layer with triple-digit growth in Agentforce annualized revenue.

Key points:

• Nvidia's fiscal 2027 Q2 revenue rose 106% year over year to $96.22 billion, and adjusted EPS rose 128% year over year to $2.46, both beating the LSEG consensus estimate.
• Nvidia management expects fiscal 2028 revenue to grow 70% from fiscal 2027, above analysts' prior expectation of about 45%, and this is the first time the company has provided a fiscal-year revenue outlook one year in advance.
• Salesforce's fiscal 2027 Q2 adjusted EPS was $5.90, and revenue was $11.35 billion, up 11% year over year, both above the LSEG consensus estimate.
• Salesforce Agentforce AI product annualized revenue exceeded $1.5 billion, up 240% year over year.
• Xero Limited held its 2026 annual general meeting on August 26, 2026; Chairman David Thodey opened the meeting in Auckland and introduced the board and senior management.

Metric	Nvidia	Salesforce
Quarterly revenue	$96.22 billion, up 106% YoY	$11.35 billion, up 11% YoY
Adjusted EPS	$2.46, up 128% YoY	$5.90
Key AI metric	FY2028 guidance up 70%	Agentforce annualized revenue >$1.5 billion, up 240%
Beat consensus?	Beat both LSEG consensus estimates	Beat both LSEG consensus estimates

1. Nvidia Q2 Revenue of $96.22 Billion, Up 106% Year Over Year

1. Revenue and EPS Both Beat Expectations

CNBC reported that Nvidia's fiscal 2027 Q2 revenue was $96.22 billion, up 106% year over year; adjusted EPS was $2.46, up 128% year over year, both above the LSEG consensus estimate. AI hardware demand has not slowed, with the Blackwell product cycle resonating with hyperscale data center expansion.

The 106% growth is not due to a low base, reflecting that the market underestimated the slope of the demand curve. For the US tech sector, Nvidia's results served as a shot in the arm for the AI trade.

2. EPS Growth Outpaced Revenue, Demonstrating Strong Earnings Leverage

Adjusted EPS rose 128%, faster than revenue, reflecting high operating leverage. Fixed costs were spread over larger sales, boosting margins. The CUDA ecosystem provides pricing power, and earnings leverage should support subsequent profit growth.

2. FY2028 Guidance Up 70%, Locking in Visibility Ahead of Schedule

1. Guidance Far Above Analyst Expectations

Management expects FY2028 revenue to grow 70% from FY2027, compared with analysts' prior expectation of about 45%. The gap reflects the market's misperception of the sustainability of AI hardware growth. The upward guidance revision implies room for upward revisions to earnings forecasts and target prices.

2. First-Time Full-Year Guidance One Year Ahead Sends a Strong Signal

Chip companies typically provide guidance only for the next quarter. Nvidia's first-time guidance one year ahead signals order visibility and supply chain confidence. AI capital expenditure is shifting from event-driven to contract-driven, driving a re-rating of the industry chain's valuations.

3. Salesforce Agentforce Annualized Revenue Exceeds $1.5 Billion, Up 240%

1. Annualized Revenue Surpasses $1.5 Billion

Agentforce AI product annualized revenue exceeded $1.5 billion. The market previously worried that AI applications had technology but no revenue; this figure proves enterprise customers are willing to pay for AI agents. The strategic significance is greater than the number itself: it opens a sustainable monetization channel.

2. Year-over-Year Growth of 240% Marks the Start of Scaled Revenue

Triple-digit growth shows the transition from pilot programs to scaled deployment. Salesforce's huge customer base and sales channels provide leverage. If the growth continues, Agentforce will become a significant revenue contributor and push software sector valuation logic from option value to actual revenue.

4. Salesforce Q2 Revenue of $11.35 Billion, EPS of $5.90

1. Revenue Up 11%, Beating Expectations

Salesforce's Q2 revenue was $11.35 billion, up 11% year over year; adjusted EPS was $5.90, both above the LSEG consensus estimate. The core cloud business remained stable, AI investment did not erode profitability, and the subscription model showed cash flow resilience.

2. Double Beat Supports Software Stock Valuations

While AI products grew rapidly, the core business's profitability remained solid. The dual drivers provide valuation support for the software sector. Salesforce's results show that AI has not disrupted traditional SaaS but instead has become a growth engine.

Final Thoughts

OKX Radar observation: Nvidia's and Salesforce's same-day earnings confirmed that AI commercialization has moved from narrative to validation. Nvidia's 106% revenue growth and 70% guidance re-rate hardware demand; Salesforce Agentforce's 240% growth proves the application layer's revenue capability. Xero Limited's annual general meeting on the same day also serves as a reminder that small and mid-sized SaaS dynamics are worth tracking.

Risk warning: Macroeconomic conditions and the US stock market are highly volatile. This article is for OKX Radar research and observation only and does not constitute investment advice.