NVIDIA Revenue Breakdown by Segment – Data Centre Dominance
David Hobart NVIDIA Revenue Breakdown by Segment – Data Centre Dominance
NVIDIA Corporation’s business has undergone a dramatic transformation over the past four years. From a company where gaming revenues accounted for the majority of sales, NVIDIA has become overwhelmingly a data centre and artificial intelligence infrastructure company. This page analyses the revenue breakdown in detail.
Data sourced from NVIDIA’s SEC filings and quarterly earnings reports. This page is for informational purposes only and does not constitute financial advice.
FY2026 Revenue by Segment
| Segment | FY2026 Revenue | % of Total | FY2025 Revenue | YoY Growth |
|---|---|---|---|---|
| Data Centre | $193.7 billion | 89.7% | $115.2 billion | +68% |
| Gaming | $11.4 billion | 5.3% | $10.4 billion | +10% |
| Automotive | $2.1 billion | 1.0% | $1.4 billion | +55% |
| Professional Visualisation | $1.9 billion | 0.9% | $1.6 billion | +21% |
| OEM & Other | $6.8 billion | 3.1% | $1.9 billion | +258% |
| Total | $215.9 billion | 100% | $130.5 billion | +65% |
Data Centre: The Engine of Growth
Data Centre revenue of $193.7 billion represents 89.7% of NVIDIA’s total revenue — a concentration that would have been unimaginable five years ago. In FY2022 (ending January 2022), Data Centre was $10.6 billion and Gaming was $12.5 billion. Today, Data Centre is 18x larger and Gaming has barely grown in absolute terms.
What Drives Data Centre Revenue?
NVIDIA’s Data Centre segment comprises two main categories:
- Compute (GPUs): The H100, H200 (Hopper architecture), and now Blackwell B100/B200/GB200 GPUs used for AI training and inference. These are sold directly to hyperscalers, cloud providers, and enterprise customers, and are also sold via NVIDIA’s DGX supercomputer systems.
- Networking (Mellanox): InfiniBand and high-speed Ethernet switches, cables, and network interface cards acquired through the 2020 Mellanox acquisition. As AI clusters grow to tens of thousands of interconnected GPUs, the networking connecting them becomes as important as the GPUs themselves.
NVIDIA does not separately disclose compute vs networking revenue within Data Centre, but management commentary indicates networking is growing faster than compute as a percentage of Data Centre revenue.
Data Centre Revenue Trajectory
| Fiscal Year | Data Centre Revenue | YoY Growth |
|---|---|---|
| FY2022 (Jan 2022) | $10.6 billion | +58% |
| FY2023 (Jan 2023) | $15.0 billion | +41% |
| FY2024 (Jan 2024) | $47.5 billion | +217% |
| FY2025 (Jan 2025) | $115.2 billion | +142% |
| FY2026 (Jan 2026) | $193.7 billion | +68% |
Who Are the Customers?
NVIDIA does not publicly disclose customer names or individual revenue shares in its SEC filings (beyond 10%+ customers in footnotes). Based on public statements and industry analysis, NVIDIA’s largest Data Centre customers include Microsoft (Azure), Alphabet (Google Cloud), Amazon (AWS), and Meta — with each representing a significant portion of revenue. Sovereign AI buyers (government entities in the Middle East, Asia-Pacific, and Europe) and enterprise customers represent a growing portion.
Gaming: The Heritage Business
Gaming revenue of $11.4 billion in FY2026 (+10% YoY) reflects a stable, profitable legacy business. NVIDIA’s GeForce GPUs for gaming PCs maintain approximately 80–85% market share in the discrete GPU market. However, gaming now represents just 5.3% of total revenue — down from over 50% as recently as FY2021.
The gaming business is structurally important for two reasons: (1) it maintains NVIDIA’s consumer brand, which helps recruit engineering talent; and (2) the CUDA software ecosystem originated in gaming GPU development. However, gaming growth is modest and is no longer a significant driver of NVIDIA’s stock price.
Automotive: The Long-Duration Option
Automotive revenue of $2.1 billion (+55%) remains small but is growing rapidly. NVIDIA’s DRIVE platform provides the compute backbone for autonomous vehicle systems. Key partnerships include Mercedes-Benz (full-stack NVIDIA DRIVE integration), and a growing pipeline of EV manufacturers integrating NVIDIA technology for automated driving.
Automotive is a potentially significant long-term revenue contributor — NVIDIA has cited a $14+ billion automotive design win pipeline — but volumes will ramp gradually over the next three to five years.
Professional Visualisation
Professional Visualisation ($1.9 billion, +21%) covers NVIDIA’s Quadro/RTX professional GPU line used in workstations for content creation, scientific visualisation, and engineering design. A small but high-margin segment.
Q4 FY2026 Revenue Detail
The Q4 FY2026 quarter (October–January 2025/26) saw a step-change acceleration to $68.1 billion in revenue — the largest single quarter in NVIDIA’s history. Data Centre in Q4 alone was $62.3 billion, reflecting the full ramp of Blackwell production. This quarter suggests an annualised revenue run rate entering FY2027 of approximately $270 billion — well above the FY2027 consensus of $376 billion, implying further growth acceleration is required to meet estimates.
See also: NVIDIA Financials Overview | NVIDIA Earnings | What Does NVIDIA Do?
All figures from NVIDIA’s SEC filings. This page is for informational purposes only. See our full disclaimer.