Nvidia raised a record $68 billion in the quarter: GeForce contributed only 5.5 %, while AI servers accounted for almost 92 %.

Summary of Nvidia's results for the most recent fiscal period

Metric Previous quarter results Changes
Total revenue $68.1 bn (record) +73 % YoY
Data center revenue $62.3 bn +75 % YoY
Compute solutions $51.3 bn +58 % YoY
Networking solutions $11.0 bn +263 % YoY
Gaming segment $3.73 bn –13 % quarter-over-quarter, +47 % YoY
Professional visualization $1.32 bn +159 % YoY
Automotive electronics $604 m +6 % YoY
OEM segment $161 bn –7 % quarter-over-quarter, +28 % YoY

Key takeaways
1. The server business dominates the company's growth.
Data center revenue has increased almost 13‑fold since ChatGPT appeared (fall 2022) and accounts for ~92 % of total revenue in the last quarter.

2. Networking solutions deliver “super” growth.
YoY increase of 263 %, nearly twice the growth of compute solutions (+58 %).

3. The gaming segment shows a moderate decline versus the prior quarter but remains strong on an annual basis (+47 %).
CFO Colette Kress warns of potential growth limits due to a shortage of gaming GPUs in the coming months.

4. Professional visualization and automotive solutions show steady growth, though they remain small in size.

5. Within compute and graphics segments
* Compute + networking: $61.7 bn (+71 % YoY).
* Graphics (including gaming and visualization): $6.5 bn (+almost double YoY).

Full fiscal year results
Metric Value Change
Revenue $215.94 bn +65 % YoY
Operating income $137.3 bn +58 % YoY
Net income $117 bn +58 % YoY
Operating expenses $16.7 bn +42 % YoY
Operating margin 75.5 → 71.3 % (decline, but revenue growth outpaced expense growth)

Year‑to‑date server segment:
$193.7 bn (+68 % YoY). Networking solutions grew 142 % to $31.4 bn. Gaming revenue – $16 bn (+41 %).

Current quarter forecast
* Nvidia forecasts revenue of $78 bn, a +77 % YoY increase and a new quarterly record since January last year.
* Investor expectations were $72.6 bn; the actual estimate exceeds them by almost 5 %.

The forecast excludes the Chinese market, but the lack of a signal to cut demand for the server business confirms growth resilience.

Technology updates
* This week Nvidia began shipping first Vera Rubin generation systems for client testing.
* These accelerators promise up to 10‑fold performance and energy efficiency improvements over the previous Blackwell generation.
* With current Blackwell shipments, the company expects AI accelerator revenue of more than $500 bn by the end of 2026.

Stock market
The release of quarterly data led to a modest rise in Nvidia's share price – less than 2 %, despite actual results beating market expectations.