NVIDIA Corporation
NVDAQ2 2025(NVDA Q1 FY2026)Derived78.6% AI
AI Revenue %
78.6%
AI Fair Value
$3.56T
AI Revenue (Q)
$25.5B
Total Revenue (Q)
$32.5B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
NVIDIA's Q1 FY2026 revenue of $44.1B was dominated by Data Center ($39.1B, 88.8% of total). This quarter included $4.6B in H20 sales before the April 9 export ban, plus a $4.5B charge for H20 excess inventory. Data Center compute of $34.2B is overwhelmingly AI-driven. Networking of $5.0B is driven by NVLink and Ethernet for AI. Applying 90% to DC compute ($30,740M), 75% to DC networking ($3,718M), 5% to ProViz ($25M), and 30% to Automotive ($170M) yields $34,653M total Ring 1 AI revenue, or 78.6% of total revenue. Math: ($30,739.5M + $3,717.8M + $0 + $25.5M + $170.1M + $0) / $44,062M = 78.6%.
Analyzed by claude-opus-4-6
Quoted Figures
Data Center revenue was $39.1 billion, up 73% from a year ago and up 10% sequentially.
MD&A — Q1 FY2026 Summary
The strong year-on-year and sequential growth was driven by demand for our accelerated computing platform used for large language models, recommendation engines, and generative and agentic AI applications.
MD&A — Q1 FY2026 Summary
Data Center compute revenue was $34.2 billion, up 76% from a year ago and up 5% sequentially.
MD&A — Q1 FY2026 Summary
Networking revenue was $5.0 billion, up 56% from a year ago and up 64% sequentially, driven by the growth of NVLink compute fabric in our GB200 systems and continued adoption of Ethernet for AI solutions.
MD&A — Q1 FY2026 Summary
Sales of our H20 products were $4.6 billion for the first quarter of fiscal year 2026 prior to the new export licensing requirements.
MD&A — Recent Developments
Revenue by End Market: Data Center $39,112... Compute $34,155... Networking $4,957... Gaming $3,763... Professional Visualization $509... Automotive $567... OEM and Other $111
Note 13 — Revenue by End Market (Three Months Ended Apr 27, 2025)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI