Revenue for the quarter stood at $68.1 billion, a growth of 73% on a year-on-year basis. Nvidia now gets 91% of its topline from the data center unit, which sells the AI chips to customers, including the hyperscalers. The Data Center revenue of $62.3 billion also surpassed expectations of $60.69 billion.
For the first quarter of 2026, Nvidia expects a topline of $78 billion, plus or minus 2%, a figure that is higher in comparison to the $72.3 billion figure that analysts were working with. The forecast does not assume any potential data center revenue arising from China. The street continues to await clarity on the same.
Wall Street did get an idea of how Nvidia’s quarter or its guidance would be for the upcoming quarter as its four big customers, Alphabet, Amazon, Meta and Microsoft reported results and projected a combined capex of over $700 billion for the new year to build out their AI infrastructure. 50% of Nvidia’s data center revenue comes from these hyperscalers.On the flip side, Nvidia’s gaming revenue, which was once its biggest contributor, rose 47% from last year, but fell sequentially. Analysts are speculating that it may not launch its new gaming GPU this year as memory shortage is forcing companies to prioritise the AI processors. Nvidia though, says that it has enough supplies for the future.
“We have strategically secured inventory and capacity to meet demand beyond the next several quarters,” it said in its earnings release.
Nvidia also unveiled its new AI system Vera Rubin, which will roll out later this year, succeeding the Blackwell family. Vera Rubin will use twice as much power as Blackwell, but will deliver 10x more performance compared to its predecessor.
Shares of Nvidia are trading 1% higher in extended trading. The stock rose 1.4% in regular trade on Wednesday to close at $195.62.
