Nvidia delivered another strong quarter, beating expectations on results and guidance as the AI buildout continues to drive demand for data center hardware. The update reinforces a core theme across global tech spending: AI infrastructure remains a top priority, and Nvidia is still capturing a large share of that cycle.

Total revenue rose 73% year over year to $67.9 billion. Nvidia said more than 91% of sales now come from its data center segment, which includes its leading AI accelerators and the systems used to deploy them at scale.

Data center demand stays dominant

Data center revenue reached $62.3 billion, ahead of consensus expectations and up 75% year over year. Nvidia said hyperscalers remain its largest customer category, accounting for just over half of data center revenue, underscoring that the biggest cloud and internet platforms are still driving the bulk of AI capacity expansion.

Networking was a standout inside data center. Revenue from networking products rose 263% year over year to $10.98 billion, reflecting strong demand for NVLink and high-speed Ethernet switching that connects large GPU clusters. As AI systems scale, networking has become a key bottleneck and profit pool, and Nvidia is positioning itself to capture more of that stack.

Profit growth tracks the AI ramp

Net income nearly doubled to $43 billion, or $1.76 per share, from $22.1 billion, or 89 cents per share, a year earlier. The gain reflects both volume and mix, with Nvidia selling more advanced products and more rack-scale systems that typically command higher prices.

Guidance surprises to the upside

Nvidia forecast fiscal first-quarter revenue of $78 billion, plus or minus 2%, well above expectations. The company added that it is not assuming any data center revenue from China in that outlook, implying the step-up is driven by demand elsewhere and leaving open the possibility of upside if conditions change.

Gaming faces supply pressure

Gaming revenue was $3.7 billion, up 47% year over year but down 13% from the prior quarter. Nvidia said supply constraints, including memory tightness, are expected to weigh on gaming in the first quarter of fiscal 2027 and beyond, as capacity continues to be prioritized for higher-margin AI products.

Next-generation systems and supply chain moves

Nvidia said it has shipped the first samples of its next-generation Vera Rubin rack-scale platform to customers and remains on track for production shipments in the second half of the year. The company is also expanding its manufacturing footprint beyond Asia, with Blackwell GPUs now produced at new facilities in Arizona and some rack-scale systems assembled in Mexico, aiming to add resilience and meet demand.

Smaller segments are mixed

Automotive revenue was $604 million, up 6% year over year but below expectations. Professional visualization revenue rose to $1.32 billion, up 159% year over year and ahead of forecasts.

Bottom line

The quarter shows Nvidia’s AI engine is still accelerating: data center and networking are growing rapidly, and guidance suggests demand remains strong even without assuming China data center sales. The key near-term watch points are execution, supply constraints, and the pace of next-generation platform ramp-ups.