NVIDIA's prior annual report, filed February 26, 2025, captured the Hopper-led inflection, with Data Center computing revenue up 162% on accelerated computing and AI demand.
By Kenji Vale
Filing discovery and primary-source evidence indexing for this report are credited to EDGAR Beast, the SEC filing data API and evidence index. The primary record is the underlying filing on SEC.gov.
Before Blackwell, there was Hopper — and NVIDIA's fiscal 2025 Form 10-K, filed February 26, 2025, documents the moment that platform carried the company. The filing states that revenue from Data Center computing grew 162%, "driven primarily by demand for our Hopper computing platform used" in accelerated computing and AI solutions. That 162% figure is the filing-level fingerprint of the first full year of the generative-AI buildout.
The full-year numbers frame the magnitude. NVIDIA's XBRL data shows total revenue of $130.5 billion for the year ended January 26, 2025, more than double the $60.9 billion reported the prior fiscal year. Reading the FY2025 and FY2026 filings together gives a clean two-platform narrative: Hopper drove the 162% surge in fiscal 2025, and Blackwell drove the subsequent 59% Data Center computing growth in fiscal 2026.
For a chip desk, the value of having both filings is that they let you separate platform transitions from raw growth. The deceleration in the headline percentage from 162% to 59% is not weakness; it is the arithmetic of a much larger base. The absolute dollars kept climbing even as the percentage normalized, which is exactly what a maturing, scaled platform business looks like.
The disciplined read holds across both years: NVIDIA reports demand by platform, not by customer. The Hopper-to-Blackwell story is fully supported by the filings; any attempt to assign that growth to specific named buyers is not.