NVDA · 10-Q · 2026Q2 · Full report

Market Demand Trends

NVIDIA CORP · 2026-05-20 · Importance 88 · Surprise 82

Revenue was $81.6 billion, driven primarily by Data Center demand where Blackwell remained the majority of system shipments. Data Center revenue was $75.2 billion, up 92% year-over-year and up 21% sequentially, with strong demand for Blackwell 300 systems and InfiniBand, Spectrum‑X Ethernet, and NVLink solutions. Hyperscale customers remained approximately 50% of Data Center revenue while the other 50% reflected diversification to AI Clouds, industrial, enterprise and sovereign customers. Edge Computing revenue was $6.4 billion, up 29% year-over-year, led by Blackwell workstation demand but tempered by weaker consumer PC demand and elevated memory/systems prices.

Key facts

• First quarter Data Center demand was driven by the ramp of Blackwell 300 products and demand for InfiniBand, Spectrum-X Ethernet, and NVLink solutions. source
• Edge Computing increases were driven by robust Blackwell workstation demand, partially offset by slower consumer PC demand tempered by elevated memory and systems prices. source