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Nvidia Reports $215.9 Billion, Extends AI Data-Center Lead Over AMD

New analyst calls plus export limits underscore a widening gap in scale, margins, and risk.

Overview

  • Nvidia posted fiscal 2026 revenue of $215.9 billion with $193.7 billion from Data Center sales, driven by AI infrastructure orders from large cloud providers, and reported a 71.1% gross margin.
  • AMD reported $34.6 billion in 2025 revenue with $16.6 billion from its Data Center unit, up 32% year over year but still more than 11 times smaller than Nvidia’s comparable segment.
  • AMD recorded about $440 million in charges tied to U.S. export controls that restricted its MI308 data-center GPUs, showing how China-focused limits can hit results in one stroke.
  • MarketBeat shows stronger Wall Street backing for Nvidia with 54 analysts at a Buy and a $275.25 average 12‑month target, while AMD has 40 analysts at a Moderate Buy with a $296.44 average target that implies higher percentage upside from current levels.
  • Bank of America reiterated a Buy on Nvidia with a $300 target, forecast more than $400 billion in free cash flow across 2026 and 2027, and said bigger dividends or buybacks could help answer doubts about how durable the growth is.