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DeepNewz, mobile.
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NVIDIA's automotive business is projected to expand significantly, with revenue expected to reach $5 billion in fiscal year 2026, as announced by CEO Jensen Huang during the CES conference. This growth marks an increase from $4 billion in fiscal year 2025. Huang emphasized that the autonomous vehicle segment is just beginning to take off, and he noted a potential gross profit of approximately $3.5 billion, assuming a 75% margin. The expansion encompasses various segments, including Data Center, OEM, and Automotive, indicating a broad strategy for growth in this area.
Nugget from $NVDA's CES keynote: Jensen Huang revealed automotive revenue will surge from $4B in FY25 to $5B in FY26. 👀 This spans Data Center, OEM, and Automotive segments. Did you expect it to be so big? https://t.co/7McPx48TFB
"Our autonomous vehicle business is already on track to become a $5 billion business this year, it is just starting to get off the ground." - Jensen Huang At 75% margin -> $3.5B gross profit. For context, it's about the same profit as - ~3 millions subscribers to Tesla FSD at…
NVIDIA CEO HUANG: AUTOMOTIVE BUSINESS WILL EXPAND TO $5 BILLION IN FISCAL 2026 $NVDA https://t.co/8MfvbpSkFR
