When I hear ‘Nvidia,’ I nonetheless suppose ‘gaming’. But after scrubbing by means of the corporate’s latest earnings call, I’m unsure Nvidia’s investor relations group is considering a lot about gaming today in any respect. In truth I had to return by means of the information a whole yr to discover a time when it made one point out of it in an earnings name. That’s how little influence it seemingly has on the corporate’s backside line.
That’s to not say Nvidia is not nonetheless doing gaming stuff. It’s simply launched DLSS 4.5 Ray Reconstruction to assist clear up the artifacting in high-end ray and path-traced video games, in addition to exhibiting off the upcoming RTX Spark laptops at Gamescom truly working video games on their ARM-y insides.
But it could not escape our discover that none of Nvidia’s board members a lot as uttered the phrase ‘gaming’ to traders in final evening’s earnings name, once again. But with the data centre segment bringing in $89 billion this quarter alone, accounting for almost 93% of the company’s total revenue, it’s not hard to see where the company’s priorities now lie, and why.
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Nvidia made $96 billion in total revenue in the second quarter of 2026, doubling what it made during the same period last year. Nvidia CFO Colette Kress told investors, “The surge in AI demand is driving a global infrastructure buildout, supported by an expanding and diverse set of growth opportunities, spanning hyperscalers, AI labs, AI natives, enterprises and sovereign customers.”
For those unclear, I’ll explain the last part of this comment: hyperscalers handle massive AI workloads so need a lot of infrastructure like data centres. AI labs are at the tech’s bleeding edge in terms of research and development. ‘AI natives’ refers to workflows, products, or companies that are built from the ground up around AI—in other words, it’s an inextricable aspect from the start. Enterprise customers may have otherwise bolted on data-centre-dependent AI products at a later date. Finally, sovereign customers can represent either businesses or even entire countries that want to retain full control over an AI technology’s entire lifecycle.
The really brain-melting thing though is that Kress adds that the company expects “to grow revenue by approximately 70% in fiscal 2028,” even in the midst of the RAMpocalypse. In fact, Nvidia feels it would be making a whole lot more money if it weren’t for the memory crisis it’s contributing to. Still, even in a “supply-constrained” landscape, Nvidia is not expecting the demand for AI or data centres to slow down any time soon. That leaves gaming out in the cold.
In fact, Nvidia no longer reports on gaming as its own separate segment. Instead, this has apparently been bundled up into the Edge Computing segment, which itself made $7.2 billion. Kress comments that these “increases were driven by strong sales of Blackwell workstations, partially offset by slower consumer PC sales that were tempered by elevated memory and systems prices.” The Edge Computing section noticed a 27% year-over-year enhance, although this win nonetheless pales compared to all issues AI at Nvidia.
Obviously, Nvidia hasn’t stopped promoting its very shiny RTX 50-series GPUs—so shiny the truth is, that it could have been genuinely cheaper for me to fly to QuakeCon and purchase an RTX 5090 on the Nvidia sales space than decide up the GPU completely wherever else. But though the RTX 5090 prices a small fortune, gaming is clearly not the precedence it as soon as was for Nvidia, nor has it been for some time.
The final time I bear in mind Nvidia mentioning gaming in an earnings name was this time final yr, and even then AI was already making 10 occasions as a lot as gaming. De-emphasising the gaming section even additional is one thing we might all have seen coming. With that in thoughts, listening to ‘Nvidia’ and nonetheless considering ‘gaming’ earlier than ‘AI’ or ‘information centres’ places me firmly behind the occasions.
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