Key Highlights

  • Nvidia (NASDAQ:NVDA) Revenue of USD 216B is led by Compute & Networking at 89.6%, or USD 193B, up 67%, while Graphics is 10.4%, or USD 22.5B, up 57%, a published scorecard shows.
  • Margins in the scorecard are a 74.7% gross margin, a 65.2% operating margin, a 63.7% net Margin and a 41.9% free Cash Flow margin, with cash and investments of USD 99.4B.
  • By geography, the United States is 69% of revenue, Taiwan 20%, China 9% and the rest of the world 2%, and one direct customer was 22% of fiscal 2026 revenue.
  • Revenue grew 83% in the last year and USD 303B over the latest twelve months compares with USD 216B for fiscal 2026, though the scorecard rates revenue predictability as unpredictable.

Segments And Systems

The scorecard splits Nvidia revenue of USD 216B into two segments. Compute & Networking is 89.6% of the total, or USD 193B, up 67% in a year. It covers Data Center graphics processors, the Grace central processor and the networking acquired with Mellanox, sold as complete racks rather than loose parts. Graphics is 10.4%, or USD 22.5B, up 57%. The scorecard describes the Business as designing the computing systems on which artificial intelligence runs, and it says buyers receive whole systems, with hardware, software and services together, rather than a component to build around. Simple arithmetic on the two shares confirms they add to 100%, which leaves Nvidia (NASDAQ:NVDA) with one dominant revenue engine.

Who Buys The Systems

The buyers are organisations building AI infrastructure, according to the scorecard: cloud service providers, AI model makers, neocloud operators and sovereign computing programmes. Revenue by geography is 69% United States, 20% Taiwan, 9% China and 2% rest of the world. The scorecard notes that one direct customer was 22% of fiscal 2026 revenue and a second was 14%, and that some individual indirect customers each account for 10% or more. Nearly all revenue comes from data center buildouts bought as capital projects by a handful of builders, and the scorecard says that spending arrives in waves. Gross margin of 74.7% shows how much of each sale Nvidia (NASDAQ:NVDA) keeps.

Concentration And Waves

The same features that lift growth also create exposure. With two direct customers at 22% and 14% of fiscal 2026 revenue, the loss or delay of one large order would register quickly. The scorecard says export policy has already closed China's data center market and that wafers, memory and packaging come from suppliers concentrated in Asia that Nvidia does not own. It names customers designing their own accelerators as a disruption risk, though those buyers keep scaling purchases. Because Demand reflects customer capital spending, the scorecard calls it tied to budgets rather than habit. No dated catalysts are given in the materials reviewed, so quarterly filings and customer spending plans are the main items to follow.

Where Things Stand

Nvidia (NASDAQ:NVDA) gets 89.6% of its sales from Compute & Networking because buyers building AI infrastructure purchase complete systems, with chips, networking and software together. The scorecard shows USD 193B from that segment out of USD 216B, a 74.7% gross margin and strong cash generation. It also flags concentration, with one customer at 22% of revenue and 69% of sales in the United States. These are the scorecard's observations about the business mix, not a recommendation, and they are best read alongside the company's own filings.