If you were wondering why Nvidia isn’t releasing any consumer gaming graphics cards this year, just take a look at its latest earnings report. In the last quarter, Nvidia earned over $68 billion in revenue, but just 5.5% of that came from gaming. That’s $3.8 billion from GPUs, gaming laptop integrations, GeForce Now—all of it—while data centers raked in over $62 billion.
It’s easy to forget that Nvidia’s status as the world’s most valuable company is a relatively new phenomenon. In fiscal year 2020, revenue was just $10.9 billion. By 2022, it had more than doubled to $26 billion and then exploded to $131 billion last year. It’s now at $216 billion for the fiscal year that ended on Jan. 25, 2026.
Gaming used to account for a much larger share of revenue. “Gaming was Nvidia’s biggest revenue driver in Q2 of 2020, making up 51% of total sales. Data centers, by comparison, accounted for just 25%. The rest came from professional visualization (11%), automotive (8%), and OEM & other (4%),” writes analyst Jonathan Hobbs. “Fast forward to today, and the mix looks completely different. Data centers now generate 90% of Nvidia’s revenue, a shift fueled by the explosion in AI.”
(Credit: BullFincher)
According to BullFincher, gaming revenue accounted for 17.15% of total revenue in FY 2024, but dipped to 8.7% in 2025 and is at 7.43% for FY 2026.
That said, Nvidia still earns a lot from gaming; revenue was up 47% year over year, thanks to strong demand for its RTX 50-series graphics cards. But it’s a drop in the bucket compared with data center earnings.
This focus, of course, makes sense from a CEO’s perspective. Jensen Huang needs to consider the all-important shareholder value, after all, and those leather jackets aren’t going to buy themselves. But it leaves gaming as a mere afterthought and raises serious questions about Nvidia’s long-term commitment to gaming.
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Does Nvidia even need gaming anymore? It could sell the division, spin it off, or push everyone toward GeForce Now and just run GPUs in its own data centers. It’s already skipped this year’s GPU launches and has warned that GPU supplies will be limited in the first half of this year due to its data center commitments and global memory shortages.
It feels increasingly difficult to imagine a world where Nvidia cares about gaming as much as it used to. Even if the AI bubble were to pop, and Nvidia’s data center earnings crashed to just 10% of what they are now, it would still earn almost twice as much from that as it does from gaming.
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Jon Martindale
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Jon Martindale is a tech journalist from the UK, with 20 years of experience covering all manner of PC components and associated gadgets. He’s written for a range of publications, including ExtremeTech, Digital Trends, Forbes, U.S. News & World Report, and Lifewire, among others. When not writing, he’s a big board gamer and reader, with a particular habit of speed-reading through long manga sagas.
Jon covers the latest PC components, as well as how-to guides on everything from how to take a screenshot to how to set up your cryptocurrency wallet. He particularly enjoys the battles between the top tech giants in CPUs and GPUs, and tries his best not to take sides.
Jon’s gaming PC is built around the iconic 7950X3D CPU, with a 7900XTX backing it up. That’s all the power he needs to play lightweight indie and casual games, as well as more demanding sim titles like Kerbal Space Program. He uses a pair of Jabra Active 8 earbuds and a SteelSeries Arctis Pro wireless headset, and types all day on a Logitech G915 mechanical keyboard.
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