According to 1M AI News, NVIDIA’s networking business generated $11 billion in revenue last fiscal quarter, a 267% year-over-year increase, and over $31 billion for the full year—making it the company’s second-largest revenue source after its computing business, yet it has rarely been a focal point in NVIDIA’s public narrative. Kevin Cook, Senior Stock Strategist at Zacks Investment Research, noted that this single quarter’s $11 billion in networking revenue exceeds Cisco’s entire networking division’s annual revenue. This business originated from NVIDIA’s $7 billion acquisition of Israeli networking company Mellanox in 2020, and its product lineup includes NVLink (for GPU interconnects within data centers), InfiniBand switches, Spectrum-X Ethernet platforms, and packaged optical switches, collectively forming the network infrastructure layer of what NVIDIA calls its “AI factory.”
Kevin Deierling, Senior Vice President responsible for the business, said that NVIDIA is one of the few network vendors in the market capable of providing a complete full-stack solution, sold through partner channels rather than directly to customers.
NVIDIA's network business surpassed Cisco in Q4 revenue, growing 267% year-over-year.
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Summary
NVIDIA’s network upgrade business generated $11 billion in Q4, a 267% increase from last year. The segment now exceeds Cisco’s entire network division in annual revenue. This growth stems from NVIDIA’s $7 billion acquisition of Mellanox in 2020. Senior VP Kevin Deierling said the company offers one of the few full-stack networking solutions, distributed through partners. Crypto news outlets such as Blockbeats have highlighted this shift as data demands continue to rise.
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