TenQ · News2026-09-02

NVIDIA's quarter in two charts: the AI segment now carries the company

Compute & Networking (the data-centre AI business) did $74.5B last quarter against $7.1B for Graphics — 91% of the company.

Data as of 2026-08-26 · full NVDA report · fact sheet

Where the revenue comes from

Compute & Networking (the data-centre AI business) did $74.5B last quarter against $7.1B for Graphics — 91% of the company. The split comes straight from NVIDIA's own segment disclosures — the numbers the company reports to the SEC, not analyst guesses.

Revenue by segment

How much of NVIDIA is the AI business now?

0.00$50.0BQ2 '24Q3 '24Q4 '24Q2 '25Q3 '25Q4 '25Q2 '26

Compute & Networking (the data-centre AI business) did $74.5B last quarter against $7.1B for Graphics — 91% of the company.

Where the profit comes from

The AI segment earns a 72% operating margin ($53.3B on $74.5B); Graphics runs at 42%.

Operating income by segment

And where does the profit come from?

0.00$20.0B$40.0BQ2 '24Q3 '24Q4 '24Q2 '25Q3 '25Q4 '25Q2 '26

The AI segment earns a 72% operating margin ($53.3B on $74.5B); Graphics runs at 42%.

Who is buying

Hyperscalers ($37.9B) and enterprise/AI-cloud buyers ($37.4B) are roughly level — a broader demand base than the hyperscaler-only story suggests.

Data-centre demand mix

Who is actually buying the AI chips?

0.00$20.0B$40.0BQ2 '25Q2 '26

Hyperscalers ($37.9B) and enterprise/AI-cloud buyers ($37.4B) are roughly level — a broader demand base than the hyperscaler-only story suggests.