SANTA CLARA — Nvidia reported record quarterly revenue of $81.6 billion for the period ending April 26, marking a 20% increase from the previous quarter and an 85% rise compared to the same period a year earlier. The company also announced a new organizational structure, splitting its business into two segments: Data Center and Edge Computing.

Free cash flow for the quarter rose to $49 billion, up from $35 billion in the prior quarter, while GAAP gross margin remained steady at 74.9%. Hyperscale revenue reached $38 billion, representing about half of Data Center sales and growing 12% quarter over quarter. The Data Center segment will now be divided into Hyperscale—serving cloud giants and major internet companies—and ACIE, which includes AI cloud providers, industrial clients, and enterprises building their own AI infrastructure. Edge Computing will encompass PCs, gaming consoles, workstations, robotics, cars, and AI-powered cellular base stations.

"AI is no longer a nice-to-have. AI is now a necessity for enhancing productivity across all industries and roles," Colette Kress, Nvidia’s CFO, said during the earnings announcement in Santa Clara. She added, "This is propelling revenue acceleration across all layers of the AI stack, including energy, chips, infrastructure, models, and applications."

Nvidia projects global AI infrastructure spending could reach $3 trillion to $4 trillion by the end of the decade. In 2022, Nvidia was valued at under $400 billion. By 2024, its market capitalization had surpassed $3 trillion. Verified facts state that Nvidia exceeded $5 trillion in market value in both 2025 and 2026.

Kress joined Nvidia in 2013, after serving as SVP and CFO of Cisco’s Business Technology and Operations Finance organization. She previously spent 13 years at Microsoft, including four as CFO of its Server and Tools Division, and held various finance roles at Texas Instruments earlier in her career.