Nvidia (NVDA) Revenue History: Quarterly Data (2020–2026)
Nvidia quarterly revenue from 2020 Q3 through 2026 Q1, sourced from SEC EDGAR XBRL. Interactive chart, year-over-year growth, and annual revenue by year.
| Quarter | Revenue (USD) | YoY Change |
|---|
Source: SEC EDGAR XBRL (Revenues). Quarters marked * are derived (annual filing minus prior three quarters). Calendar year quarters shown.
Nvidia Revenue: 2020–2026
Nvidia (NVDA) reported revenue of $68.1 billion in its fiscal fourth quarter ending January 2026, up +78% year-over-year from $38.3 billion in the same quarter a year earlier. Full fiscal year 2026 (ending January 2026) revenue was approximately $130.5 billion — making Nvidia the fastest large-cap company in history to cross $100 billion in annual revenue.
The revenue trajectory is without precedent in the semiconductor industry. In 2020 Q3 (calendar), Nvidia generated $3.9 billion in revenue. Just over five years later, the company is generating $68 billion per quarter. The entire transformation was driven by a single technology inflection: the explosive demand for GPU-based AI infrastructure beginning in early 2023.
Nvidia Annual Revenue by Year
| Year | Revenue | YoY Growth |
|---|---|---|
| 2025 (cal.) | $187.1B | +65.3% |
| 2024 (cal.) | $113.3B | +152.5% |
| 2023 (cal.) | $44.9B | +57.2% |
| 2022 (cal.) | $28.6B | +17.8% |
| 2021 (cal.) | $24.3B | +55.7% |
Source: SEC EDGAR XBRL. Calendar years (Jan–Dec). Nvidia’s fiscal year ends in late January.
The AI Revenue Inflection
Nvidia’s revenue trajectory has two distinct phases:
Phase 1: Gaming & Data Center (2020–2022). Revenue grew steadily from gaming GPU demand and early cloud adoption, reaching ~$7–8 billion per quarter at its peak in early 2022. Then the gaming market corrected sharply. By late 2022, quarterly revenue had fallen back to $5.9 billion as channel inventory normalized. Operating margins compressed from 37% to 7%.
Phase 2: AI Compute (2023–present). ChatGPT launched in November 2022, triggering a race among hyperscalers to build AI infrastructure. Nvidia’s H100 GPU — purpose-built for AI training — became the critical bottleneck in that buildout. Q3 2023 (calendar) revenue jumped to $13.5 billion, doubling from the prior quarter. It never looked back. By 2025, quarterly revenue had grown 10x from the 2022 trough. See Nvidia Operating Margin History to see how profitability scaled alongside revenue.
Data Center Dominance
Nvidia’s Data Center segment — which includes AI training and inference GPUs (H100, H200, Blackwell), networking (InfiniBand), and software subscriptions — now accounts for roughly 88% of total revenue. The gaming segment, once the company’s primary business, contributes the remaining ~12%.
This concentration makes Nvidia’s revenue highly sensitive to hyperscaler capex cycles. Microsoft, Google, Meta, and Amazon collectively account for a significant portion of Nvidia’s AI revenue. Meta’s capital expenditure is a useful leading indicator for GPU demand since Meta has publicly guided $60–65 billion in capex for 2025.
Key Takeaways
- Nvidia revenue grew 35x from $3.9B/quarter (2020 Q3) to $68.1B/quarter (2026 Q1) in just over 5 years
- The 2022 revenue dip (-26% from peak to trough) was gaming-driven and temporary
- AI demand from the H100 GPU caused revenue to triple from $7.2B (2023 Q2) to $22.1B (2024 Q1) in 3 quarters
- Nvidia’s fiscal year ends in late January; calendar Q1 data represents Nvidia’s fiscal Q4
Frequently Asked Questions
What is Nvidia’s quarterly revenue?
Nvidia reported $68.1 billion in revenue for fiscal Q4 FY2027 (ending January 2026), up 78% year-over-year.
How fast is Nvidia growing?
Nvidia’s revenue grew from $3.9B in Q3 2020 to $68.1B in Q1 2026 — approximately 17x growth in 5 years, with the bulk of that growth occurring in 2023–2025 driven by AI GPU demand.
What percentage of Nvidia’s revenue comes from data center?
Approximately 88% of Nvidia’s revenue comes from the Data Center segment as of 2025. The remaining 12% is primarily gaming GPUs.
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