Nvidia (NASDAQ: NVDA) reported over $44 billion in revenue for its fiscal Q1 2026, with $39.1 billion stemming from its data center business. The fiscal quarter ended on April 27, 2023. CEO Jensen Huang predicts AI data center spending will exceed $1 trillion annually by 2028 and expressed optimism about the potential for autonomous vehicles to drive another trillion-dollar opportunity.
Nvidia’s automotive segment generated $567 million in revenue during the first quarter, a mere 1.3% of total sales. Huang anticipates this could expand to $5 billion for fiscal 2026, a 194% increase from $1.7 billion in fiscal 2025. Major automakers such as Mercedes-Benz, Toyota, and General Motors are increasingly adopting Nvidia’s Drive platform, which features advanced AI technology for self-driving capabilities. Nvidia is positioning itself to capture significant market share as the industry moves towards mainstream autonomous vehicles.
According to Wall Street estimates, Nvidia is projected to generate $199 billion in revenue for fiscal 2026, with its automotive division expected to contribute only a small fraction of that total even if it triples revenue. Investors see Nvidia’s data center segment as the primary strength, but long-term potential exists in autonomous driving as a significant growth avenue.
