8. Data Center Revenue by Customer Tier (Hyperscalers, NeoClouds, Enterprise, Sovereign)
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This is for Nvidia
NVIDIA Data Center Revenue by Customer Tier
Important disclosure caveat: Starting in Q1 FY27 (Apr 26, 2026), NVIDIA reorganized Data Center revenue into two official sub-platforms: Hyperscale and ACIE (AI Clouds, Industrial, & Enterprise). NVIDIA does not publicly break out NeoCloud, Enterprise, or Sovereign as separate dollar-amount line items. In the Q1 FY27 10-Q, NVIDIA states that Hyperscale = "public clouds and the world's largest consumer internet companies," while the "remaining 50% came from a continued diversification of customers, including AI Clouds [NeoClouds], industrial, enterprise, and sovereign customers." Mapping to the requested buckets:
| User Bucket | NVIDIA Reporting Category |
|---|---|
| Hyperscalers | Hyperscale (disclosed) |
| NeoClouds | AI Clouds (within ACIE, not separately disclosed) |
| Enterprise | Industrial & Enterprise (within ACIE, not separately disclosed) |
| Sovereign | Public sector (within ACIE, not separately disclosed) |
NVIDIA Data Center Revenue by Sub-Platform ($ in millions)
| Period | Hyperscale ($M) | Hyperscale % of DC | ACIE ($M) | ACIE % of DC | Total Data Center ($M) |
|---|---|---|---|---|---|
| Q1 FY27 (Apr 26, 2026) | 37,869 | 50% | 37,377 | 50% | 75,246 |
| Q4 FY26 (Jan 25, 2026) | 33,814 | 54% | 28,500 | 46% | 62,314 |
| Q1 FY26 (Apr 27, 2025) | 17,599 | 45% | 21,513 | 55% | 39,112 |
Earlier quarters — NVIDIA disclosed only CSP % (not full split):
| Period | Data Center ($M) | Large CSPs (≈Hyperscalers) % | Remaining (≈NeoCloud+Enterprise+Sovereign) % |
|---|---|---|---|
| Q3 FY26 (Oct 26, 2025) | 51,200 | ~50% | ~50% |
| Q2 FY26 (Jul 27, 2025) | 41,100 | ~50% | ~50% |
| Q1 FY26 (Apr 27, 2025) | 39,112 | "just under 50%" | "just over 50%" |
| Q3 FY25 (Oct 27, 2024) | 30,800 | ~50% | ~50% |
| Q2 FY25 (Jul 28, 2024) | 26,300 | ~45% | ~55% (consumer internet + enterprise led) |
| Q1 FY25 (Apr 28, 2024) | 22,600 | "mid-40%" | "mid-50%" |
Key takeaways:
- Customer base diversification: Hyperscaler share has stayed anchored near ~50% of Data Center revenue, but absolute Hyperscale revenue grew from ~$10.3B (Q1 FY25) to ~$37.9B (Q1 FY27) — a ~3.7× expansion.
- Non-Hyperscale grew faster: ACIE (AI Clouds/NeoClouds + Industrial + Enterprise + Sovereign) grew from ~$12.3B to ~$37.4B — a ~3.0× expansion in dollar terms, but much faster than Hyperscale on a percentage-of-mix basis in earlier quarters (55% of DC in Q1 FY26), reflecting NeoCloud and Sovereign AI ramp.
- Q4 FY26 inflection: Hyperscale share jumped to ~54% as Blackwell ramp favored large CSPs; then re-balanced to ~50/50 in Q1 FY27.
- Sovereign AI: NVIDIA explicitly cites sovereign customers as a driver in Q1 FY27 commentary, but discloses no dollar amount.
- NeoClouds: NVIDIA uses the term "Neocloud builders" only in risk-factor boilerplate; reported numbers are rolled into ACIE.
- Enterprise: "Enterprise" is also folded into ACIE; no standalone disclosure.
Bottom line: NVIDIA does not publicly disclose separate dollar figures for NeoClouds, Enterprise, or Sovereign as standalone tiers. The closest proxy is the ACIE sub-platform ($37.4B in Q1 FY27), which bundles all three — plus Industrial — into a single line.
Displayed the quarterly trend table above.