Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

NVIDIA Corp., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Jan 25, 2026 Jan 26, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021
Data Center
Gaming
Professional Visualization
Automotive
OEM and Other
Revenue

Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31).


Overall revenue demonstrates a significant growth trajectory over the observed period. While revenue experienced substantial increases between 2021 and 2024, the rate of growth accelerated markedly from 2024 onwards. A detailed examination of individual revenue streams reveals varying patterns contributing to this overall trend.

Data Center Revenue
Data Center revenue has exhibited the most dramatic increase. Starting at US$6,696 million in 2021, it grew consistently to US$15,005 million in 2023. However, a substantial surge is observed from 2023 to 2024, reaching US$47,525 million, and continuing to US$115,186 million in 2025 and US$193,737 million in 2026. This segment is now the dominant driver of overall revenue growth.
Gaming Revenue
Gaming revenue increased from US$7,759 million in 2021 to US$12,462 million in 2022. However, a decline is noted in 2023, falling to US$9,067 million. This segment experienced modest growth in 2024 and 2025, reaching US$10,447 million and US$11,350 million respectively, before increasing to US$16,042 million in 2026. While still a significant contributor, its growth rate is considerably lower than that of the Data Center segment.
Professional Visualization Revenue
Professional Visualization revenue showed initial growth from US$1,053 million in 2021 to US$2,111 million in 2022, followed by a decrease to US$1,544 million in 2023. Revenue remained relatively stable in 2024 at US$1,553 million, with a gradual increase to US$1,878 million in 2025 and US$3,191 million in 2026. This segment represents a smaller, but steadily growing, portion of total revenue.
Automotive Revenue
Automotive revenue has demonstrated consistent, albeit moderate, growth throughout the period. Increasing from US$536 million in 2021 to US$903 million in 2023, it continued to rise to US$1,091 million in 2024, US$1,694 million in 2025, and US$2,349 million in 2026. While the absolute values are lower than other segments, the consistent upward trend is noteworthy.
OEM and Other Revenue
OEM and Other revenue increased from US$631 million in 2021 to US$1,162 million in 2022, before declining to US$455 million in 2023. It experienced a further decrease in 2024 to US$306 million, followed by a slight recovery to US$389 million in 2025 and US$619 million in 2026. This segment remains the smallest contributor to overall revenue and exhibits the most volatility.

The overall revenue growth is increasingly concentrated in the Data Center segment. While other segments contribute, their growth rates are comparatively subdued. The significant acceleration in total revenue from 2024 onwards is directly attributable to the substantial expansion of the Data Center business.