AI accelerators · GPU · Data center

NVIDIA

Dominates the AI accelerator (GPU) market. FY2026 revenue $215.9B (+65%), mostly Data Center. Buys HBM from SK hynix, Samsung and Micron, and outsources wafers to TSMC and Samsung foundries. Revenue is concentrated in a few large direct customers (cloud).

NVDA Updated 2026-06-20

Money in ▸Microsoft●Revenue share 19%Amazon◐Units 196,000 Meta◐Revenue share 9%Alphabet (Google)◐

NVIDIA$215.9B

▸ Money outSK hynix●Micron Technology●Samsung Electronics●TSMC●Astera Labs●Samsung Electro-Mechanics◐

Financials & Segments

Total revenue · $215.9B (FY2026, +65%)
Customer concentration · Top direct customer 22%, second 14% (FY2026, names undisclosed). End customers are hyperscalers
Segments · Data Center · Gaming · Pro Visualization · Automotive

Revenue from

Microsoft High confidence· Revenue share 19% (est.) · FY2025 · Bloomberg estimate (annualized)
Largest customer. About 19% of NVIDIA revenue (Bloomberg estimate, annualized).
Confirms EN Motley Fool Published Feb 14, 2026: "Bloomberg estimate: NVIDIA's four biggest customers (Microsoft, Meta, Amazon, Google) are about 53% of revenue. Microsoft ~19%, Meta ~9%."
Mentions EN Quartz Published Aug 29, 2024: "Almost half of Nvidia's revenue comes from four customers (Google, Microsoft, Meta, Amazon)."
Amazon Medium confidence· Units 196,000 (est.) · CY2024 · Omdia estimate
AWS. One of the top four customers.
Confirms EN Motley Fool Published Feb 14, 2026: "Bloomberg estimate: NVIDIA's four biggest customers (Microsoft, Meta, Amazon, Google) are about 53% of revenue. Microsoft ~19%, Meta ~9%."
Confirms EN heise online Published Dec 19, 2024: "Per Omdia, Amazon purchased about 196,000 Nvidia Hopper GPUs in 2024."
Mentions EN Quartz Published Aug 29, 2024: "Almost half of Nvidia's revenue comes from four customers (Google, Microsoft, Meta, Amazon)."
Meta Medium confidence· Revenue share 9% (est.) · FY2025 · Bloomberg estimate (annualized)
About 9% of NVIDIA revenue (Bloomberg estimate).
Confirms EN Motley Fool Published Feb 14, 2026: "Bloomberg estimate: NVIDIA's four biggest customers (Microsoft, Meta, Amazon, Google) are about 53% of revenue. Microsoft ~19%, Meta ~9%."
Confirms EN heise online Published Dec 19, 2024: "Per Omdia, Meta purchased about 224,000 Nvidia Hopper GPUs in 2024."
Mentions EN Quartz Published Aug 29, 2024: "Almost half of Nvidia's revenue comes from four customers (Google, Microsoft, Meta, Amazon)."
Alphabet (Google) Medium confidence
Google Cloud. One of the top four customers.
Confirms EN Motley Fool Published Feb 14, 2026: "Bloomberg estimate: NVIDIA's four biggest customers (Microsoft, Meta, Amazon, Google) are about 53% of revenue. Microsoft ~19%, Meta ~9%."
Mentions EN Quartz Published Aug 29, 2024: "Almost half of Nvidia's revenue comes from four customers (Google, Microsoft, Meta, Amazon)."

Pays to

SK hynix High confidence
Buys HBM and memory. NVIDIA's 10-K names SK hynix as a memory supplier.
Confirms KO EPNC Published May 20, 2026: "Samsung, SK hynix and Micron compete to supply HBM4 for NVIDIA's next-gen 'Vera Rubin'."
Confirms EN SEC EDGAR Published Feb 26, 2026: "NVIDIA 10-K: "We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.""
Micron Technology High confidence
Buys HBM/memory (named in NVIDIA's 10-K).
Confirms KO EPNC Published May 20, 2026: "Samsung, SK hynix and Micron compete to supply HBM4 for NVIDIA's next-gen 'Vera Rubin'."
Confirms EN SEC EDGAR Published Feb 26, 2026: "NVIDIA 10-K: "We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.""
Samsung Electronics High confidence
Buys memory (HBM) and uses Samsung's foundry for wafers. NVIDIA's 10-K names both.
Confirms KO EPNC Published May 20, 2026: "Samsung, SK hynix and Micron compete to supply HBM4 for NVIDIA's next-gen 'Vera Rubin'."
Confirms EN SEC EDGAR Published Feb 26, 2026: "NVIDIA 10-K: "We utilize foundries, such as TSMC and Samsung" and "We purchase memory from ... Samsung.""
TSMC High confidence
Key supplier for wafer foundry and CoWoS advanced packaging. Named in NVIDIA's 10-K. NVIDIA was TSMC's largest customer at 19% of 2025 revenue ($23.2B).
Confirms EN SEC EDGAR Published Apr 16, 2026: "TSMC 20-F: largest customer (NVIDIA) was 19% of 2025 revenue = NT$726.9B ($23.2B)."
Confirms EN SEC EDGAR Published Feb 26, 2026: "NVIDIA 10-K: "We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC" and "We utilize CoWoS technology for semiconductor packaging.""
Astera Labs High confidence
Astera's Aries/Scorpio retimers are designed into Nvidia's Blackwell platform.
Confirms KO Korea Economic Daily Published Jun 9, 2026: "An NVIDIA ally singled out by Jensen Huang, up 223% this year."
Confirms KO Seoul Economic Daily Published Sep 15, 2025: "Astera's Aries and Scorpio were adopted into NVIDIA's Blackwell platform, with interoperability demoed at GTC 2025."
Samsung Electro-Mechanics Medium confidence
Buys FC-BGA semiconductor substrates for AI accelerators.
Confirms KO The Elec Published Jan 31, 2026: "Samsung Electro-Mechanics added Broadcom to FC-BGA customers (after NVIDIA, AMD, Google, Amazon, Apple), supplying AI-accelerator substrates."

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