A little late, we missed this information a little, which nevertheless has something to call attention to, here is our news from H&Co on the financial results of NVIDIA for the first quarter of its fiscal year 2027. In addition, it will be of interest on two different aspects, which is not common. The “money” side in itself, logical concerning financial results, but also because NVIDIA has completely modified its sectors of activity, in particular by removing the “Gaming” section from its balance sheet for the quarter.
Some see it as “the beginning of the end” for the GeForce RTX, we even had a comment from a reader last week wondering if support for his GeForce RTX 5070 Ti would continue and if he wouldn’t have been better off with a Radeon RX 9070 XT. A concern that we can obviously understand, but, looking more closely, nothing indicates as you will be able to see that NVIDIA really wants to abandon the consumer graphics card market, just that it wishes to present relevant results for its investors, and take the opportunity to send the message that even “Gaming” revolves around AI now, and that this trend will only increase in the future.
For now, let’s start with NVIDIA’s “classic” Q1 FY2027 financial results. Compared to Q4 FY2026, we see that the company’s turnover soars by another 20%, while the previous quarter was already a record period for the company. Compared to Q FY2026, a year ago, the surge is even more impressive with a +85% in turnover and 14.2 percentage points more for gross margin. A gross margin which remains for the second consecutive quarter at 75% and more, a pretty crazy value in the world of industry, it must be said, and which shows to what extent NVIDIA dominates its subject in terms of profitability.
Now for what probably interests many of you: the “disappearance” of the gaming section for this new financial report. We have extracted from the report the specific slide with the table in question, and we offer you the table that was presented to him for the results of Q4 FY2026, so that you can clearly see the changes made by NVIDIA…:
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This is the subject of discord on the web during the weekend, and which generated many fears, which we can obviously understand even if they seem exaggerated to us. Let’s not forget who the financial reports in question are for. Not really to you or to us, but to the investors. They therefore expect, with these tables, information that is relevant to them on NVIDIA’s turnover. After a while, the firm decided that having a “Data Center” line which alone centralizes more than 90% of its turnover, then four other lines sharing the remaining crumbs was probably no longer a sufficiently relevant provision for investors.
If the old arrangement had been retained, “Data Center” would have had 75.246 billion dollars, and the four categories below would have shared a total of 6.369 billion dollars, or 7.8% of the turnover to be shared in total for the four… NVIDIA has instead chosen to group them all into one sector generalist “Edge Computing”. The small lines under the table allow us to understand that the firm puts all its materials intended for agentic and physical AI there. This obviously won’t please gamers who take a dim view of AI, but your GeForce RTX graphics cards do indeed fall into this realm, even when you’re just gaming. Physical AI via DLSS for example and agentic AI with NVIDIA Ace among other things.
So to the question “could this mean that NVIDIA will abandon gaming”, these documents alone do not carry any concrete indication and let us remember that they are only what they are…: financial results intended to provide investors with the data they expect from the company, and which are logically oriented towards what brings in the most money: AI and data centers. NVIDIA has chosen to further detail its turnover by separating “Data Center” into two subcategories to please them, and includes its lower income sectors in a large “package” called “Edge Computing” and by slipping the word AI into its description so that it sounds good to the ears of the rich of this world. Drawing sweeping plans for NVIDIA’s future in the gaming world therefore seems relatively far-fetched, even if we can understand the fear that these financial results may have caused among some, who care about their hardware and its lifespan.
In the meantime, you will have to warn your GeForce RTX graphics card that it is no longer a gaming card, but that it is now an “agentic and physical AI card”. IF you are concerned that this will cause intense psychological shock, you may want to consider hypnosis.
You are an agentic and physical AI card, you are an agentic and physical AI card,
