NVIDIA Corporation
NVDAQ3 2025(NVDA Q2 FY2026)Derived77.2% AI
AI Revenue %
77.2%
AI Fair Value
$3.46T
AI Revenue (Q)
$25.1B
Total Revenue (Q)
$32.5B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
NVIDIA's Q2 FY2026 revenue of $46.7B was led by Data Center ($41.1B, 87.9% of total). Data Center compute of $33.8B is overwhelmingly driven by AI GPU demand, though H20 sales were impacted by $4.0B reduction from export controls. Networking of $7.3B is driven by NVLink, InfiniBand, and Ethernet for AI. Applying 90% to DC compute ($30,460M), 75% to DC networking ($5,439M), 5% to ProViz ($30M), and 30% to Automotive ($176M) yields $36,104M total Ring 1 AI revenue, or 77.2% of total revenue. Math: ($30,459.6M + $5,439.0M + $0 + $30.1M + $175.8M + $0) / $46,743M = 77.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Data Center revenue was $41.1 billion, up 56% from a year ago and up 5% sequentially.
MD&A — Q2 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 — Q2 FY2026 Summary
Data Center compute revenue was $33.8 billion, up 50% from a year ago. Sequentially, compute revenue declined 1%, driven by a $4.0 billion reduction in H20 sales.
MD&A — Q2 FY2026 Summary
Networking revenue was $7.3 billion, up 98% from a year ago and up 46% sequentially, driven by the growth of NVLink compute fabric for GB200 and GB300 systems, the ramp of XDR InfiniBand products, and adoption of Ethernet for AI solutions at cloud service providers and consumer internet companies.
MD&A — Q2 FY2026 Summary
Revenue by End Market: Data Center $41,096... Compute $33,844... Networking $7,252... Gaming $4,287... Professional Visualization $601... Automotive $586... OEM and Other $173
Note 13 — Revenue by End Market (Three Months Ended Jul 27, 2025)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI