Nvidia has just announced its financial results for Q1 2026, proudly flaunting tens of billions of dollars worth of revenue as expected. Bucking the lukewarm reception of Blackwell architecture as prices rise faster than performance, Nvidia GeForce RTX 50 Series is a highlight as the company’s Gaming and AI PC business has never been more successful. That said, it’s easy to see why Team Green’s priorities lie elsewhere given Data Centre expectedly makes up the vast majority of the proverbial $44.1bn pie.
Diving deeper into the numbers, Nvidia’s Gaming business accounts for $3.8bn of its Q1 2026 performance. That’s around 8.62% of its total revenue, up 48% from the previous quarter and 42% year-on-year. This kind of cash is far ahead of other sources of income such as Automotive ($567m). It also impressively beats AMD’s entire data centre revenue.
It’s clear that GeForce RTX 50 Series is proving fruitful for Nvidia’s bottom line, despite lack of availability persisting across all SKUs. That’s not forgetting the bumpy road of driver issues and other setbacks that have characterised this generation of graphics cards. After all, the company had to deploy a hotfix to resolve RTX 5060 black screen issues at launch and has faced similar problems as far back as GeForce RTX 5090. Nvidia has built it and gamers are evidently coming.
Although appropriately noteworthy, this success remains a drop in the bucket compared to Nvidia’s primary money maker. As I alluded to earlier, Data Centre is the golden goose at $39.1bn. There are no signs of that changing anytime soon either, growing 10% from the previous quarter and an enormous 73% year-on-year. To further illustrate the difference in revenue, Nvidia is making more money from networking alone than the entirety of its consumer gaming ventures.
Once again, Nvidia has AI to thank for its financial success, not GeForce. I’ve little doubt this assessment will prove true over the next several years, if not decade, as it does now. For the moment, I don’t believe Team Green will exit the market entirely to focus on data centre or split off its gaming division into a separate entity. Much as consumer graphics cards are a lower priority, the technological links to its B2B (Business to Business) products are so intrinsic that it makes little sense not to trickle them down where possible. This is especially true while the getting’s good as its quarterly performance demonstrates.
Profitable as GeForce RTX 50 Series has proven in the short term, I’m intrigued to see how long this position of dominance continues. AMD has never been more competitive than with its Radeon RX 9070 Series and Radeon RX 9060 XT could carry this momentum forward into the mainstream portion of the market. That’s not forgetting Intel, whose Arc B580 remains a banger of a budget buy with Team Blue’s influence potentially extending with Arc B770 if rumours prove true.
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