Nvidia Posts $215.9B Revenue and $96.6B FCF as Nio Moves to In-House Chips
Nvidia reported fiscal 2026 revenue of $215.9 billion (65% YoY growth) and $96.6 billion free cash flow driven by data center GPUs, while CEO Huang said agentic AI will sustain enterprise GPU investment. Nio is developing in-house chips to replace Nvidia GPUs, lowering vehicle costs and cutting Nvidia’s automotive revenue.
1. Fiscal 2026 Earnings Beats
Nvidia generated $215.9 billion in revenue, up 65% year-over-year, and produced $96.6 billion in free cash flow. Growth was driven by surging demand for data center GPUs across cloud and enterprise customers.
2. Agentic AI Growth Outlook
CEO Jensen Huang highlighted agentic AI—self-driving intelligence systems—as a key driver for ongoing GPU investments and potential new enterprise applications, signaling long-term demand beyond current workloads.
3. Automotive Chip Strategy Shift
Electric vehicle maker Nio announced it will deploy proprietary in-house chips instead of Nvidia GPUs to cut costs. This could reduce Nvidia’s revenue contribution from the automotive segment over coming quarters.