Nvidia’s data center business, which now accounts for roughly 92% of the company’s total revenue, is no longer just a story about Microsoft, Google, and Amazon writing enormous checks. CFO Colette Kress has pointed to a near-even split between hyperscale cloud customers and what the company calls its ACIE segment, covering AI clouds, industrial clients, and enterprise buyers.
The numbers behind the shift
Nvidia introduced this new revenue segmentation in Q1 of its fiscal year 2027, which wrapped up in April 2026. That quarter, total data center revenue hit $75.2 billion, with hyperscale customers, think Microsoft Azure, AWS, Google Cloud, Meta, and Oracle Cloud Infrastructure, accounting for approximately $38 billion, or about 50% of the total.
By Q2 FY2027, ending in late July, the data center segment had surged to a record $89.0 billion. That’s a 117% year-over-year increase. In that same quarter, hyperscale revenue came in at $48.7 billion while the ACIE category delivered $40.3 billion.
The ACIE cohort includes AI-native startups building their own compute infrastructure, enterprises investing in on-premise AI deployments, regional cloud providers, and sovereign customers (governments and state-backed entities building domestic AI capacity).
