Nvidia barely mentions gaming anymore — data centers now make up 93% of revenue

Nvidia's latest earnings call came and went without a single board member saying the word "gaming" — and that's not a one-off slip. Looking back through the records, the last time gaming got a mention in an earnings call was roughly a year ago, and even then AI was already generating ten times more revenue than gaming.

The numbers explain the silence. Nvidia pulled in $96 billion in total revenue in Q2 fiscal 2026 — double what it made in the same quarter last year. The data center segment alone brought in $89 billion, accounting for nearly 93% of total revenue. CFO Colette Kress told investors the company expects revenue to grow approximately 70% in fiscal 2028, even while operating in a supply-constrained environment driven by the ongoing memory crisis. Demand from hyperscalers, AI labs, AI-native companies, enterprises, and sovereign customers — governments and organizations that want full control over their AI infrastructure — shows no sign of slowing.

Gaming hasn't disappeared from Nvidia's books entirely, but it's been quietly folded into the Edge Computing segment, which posted $7.2 billion and a 27% year-over-year increase. Kress attributed that growth to strong Blackwell workstation sales, partially offset by slower consumer PC sales weighed down by elevated memory and system prices. The RTX 50-series is still on shelves — the RTX 5090 is just expensive enough that, according to the article's author, flying to QuakeCon to buy one at the Nvidia booth would have been genuinely cheaper than buying it anywhere else — but the consumer GPU business is clearly no longer driving the company's strategy or its earnings narrative.

For anyone who still instinctively associates Nvidia with gaming first and AI second, the financials make it clear that ship has sailed. The de-emphasis of gaming as a standalone reporting segment was a long time coming, and with AI demand still accelerating, there's little reason to expect Nvidia to start talking about frame rates and ray tracing on investor calls anytime soon.