NVIDIA has recently shared its latest financial results, and the numbers are nothing short of staggering. While the company originally built its reputation on the backs of dedicated PC gamers, the latest earnings call for the fourth quarter and full fiscal year 2026 makes one thing abundantly clear: the green team has found a much wealthier friend in the world of AI.
NVIDIA Data Centre and Gaming Revenue
The data centre division, which handles those massive AI chips like the Blackwell architecture, has effectively taken over the building. For the full year, Nvidia reported a monumental $193.7 billion in data centre revenue alone, a 75% increase year-on-year.
To put that into perspective, the “little old” gaming segment brought in $16 billion for the year. At the same time, that sounds like a lot of money (and it is a record for the division), it now accounts for less than 8% of Nvidia’s total annual revenue. In the final quarter of the year, the split was even more lopsided, with data centres making up over 91% of the company’s intake.
Key Financial Highlights:
- Total Annual Revenue: $215.9 billion (up 65% YoY).
- Data Centre Revenue: $193.7 billion (up 75% YoY).
- Gaming Revenue: $16.0 billion (up 41% YoY).
- Net Income: $120.1 billion for the fiscal year.
- Gross Margin: Hovering at a record-breaking 75% for the quarter.
Tell me more
The explosion in revenue is being driven by what CEO Jensen Huang calls the “AI industrial revolution.” Companies are currently in a mad scramble to buy up Blackwell GPUs to power everything from chatbots to self-driving cars.
During the call, Huang noted, “Computing demand is growing; the agentic AI inflexion point has arrived. Grace Blackwell with NVLink is the king of inference today… and Vera Rubin will extend that leadership even further.”
While the gaming side did see growth thanks to the launch of the GeForce RTX 50-series, it actually saw a 13% decline in the final quarter as holiday demand settled. It’s becoming increasingly obvious that while we’re still buying GPUs, we’re no longer the priority.
What we think
It is hard not to feel like Nvidia has essentially abandoned the core gaming community that supported it for decades. When 91% of your quarterly money comes from selling AI hardware to massive corporations, the humble PC gamer looking for a reasonably priced mid-range card becomes an afterthought.
The focus has clearly shifted toward maximising those 75% margins in the data centre, leaving gamers to fight over whatever silicon capacity is left. If you were hoping for a return to the “good old days” of competitive GPU pricing, these numbers suggest you shouldn’t hold your breath. NVIDIA is an AI company now; they just happen to still sell some graphics cards on the side.
