Key Highlights

  • In a published scorecard, Compute & Networking supplies 89.6% of Nvidia (NASDAQ:NVDA) Revenue of USD 216B, which is USD 193B and a 67% rise, while Graphics brings USD 22.5B, or 10.4%, up 57%.
  • The scorecard lists margins of 74.7% gross, 65.2% operating, 63.7% net and 41.9% on free cash flow, alongside USD 99.4B of cash and investments held by the company.
  • Geographically, 69% of revenue is from the United States, 20% from Taiwan, 9% from China and 2% from the rest of the world; one direct customer made up 22% of fiscal 2026 revenue.
  • Revenue rose 83% in the past year, and the latest twelve months reach USD 303B against USD 216B for fiscal 2026, yet the scorecard rates revenue predictability as unpredictable.

Segments And Systems

Two segments make up the USD 216B of Nvidia revenue in the scorecard. Compute & Networking accounts for USD 193B, or 89.6%, a 67% rise on the previous year. Within it sit Data Center graphics processors, the Grace central processor and the networking that came with Mellanox, sold as whole racks and not as loose parts. Graphics takes 10.4%, or USD 22.5B, up 57%. Designing the computing systems that artificial intelligence runs on is how the scorecard describes the business, and buyers get complete systems, hardware, software and services together, not a component to build around. Simple arithmetic shows the two shares sum to 100%, leaving Nvidia (NASDAQ:NVDA) with a single dominant revenue engine.

Who Buys The Systems

Organisations building AI infrastructure are the buyers, the scorecard says: cloud service providers, AI model makers, neocloud operators and sovereign computing programmes. By geography, revenue is 69% United States, 20% Taiwan, 9% China and 2% rest of the world. One direct customer accounted for 22% of fiscal 2026 revenue and a second for 14%, the scorecard notes, and certain individual indirect customers each account for 10% or more. Capital projects bought by a handful of builders, in the form of data center buildouts, generate nearly all revenue, and spending comes in waves, according to the scorecard. A 74.7% gross Margin shows how much of each sale Nvidia (NASDAQ:NVDA) retains.

Concentration And Waves

Growth and exposure come from the same features. Two direct customers represented 22% and 14% of fiscal 2026 revenue, so losing or delaying one large order would show up quickly. Export policy has already closed China's data center market, says the scorecard, and wafers, memory and packaging come from suppliers concentrated in Asia that Nvidia does not own. Customers designing their own accelerators are named as a disruption risk, even though those buyers continue to scale purchases. The scorecard describes Demand as tied to budgets rather than habit, since it reflects customer capital spending. The materials reviewed give no dated catalysts, so the main items to follow are quarterly filings and customer spending plans.

Where Things Stand

Buyers constructing AI infrastructure purchase complete systems, with chips, networking and software together, which is why Compute & Networking is 89.6% of sales at Nvidia (NASDAQ:NVDA). USD 193B of the USD 216B comes from that segment, the scorecard shows, along with a 74.7% gross margin and strong cash generation. Concentration is also noted, with one customer at 22% of revenue and 69% of sales in the United States. These are the scorecard's observations on the Business mix and not a recommendation; the company's own filings are the best companion reading.