NVIDIA posts $81.6bn quarter, $80bn buyback

Nvidia reported first-quarter fiscal 2027 revenue of $81.6 billion on May 20, up 85% from a year earlier, and paired the results with an additional $80 billion share repurchase authorization. The chipmaker said net income for the quarter ended April 26 rose to $44.1 billion, while diluted earnings per share increased to $0.76. Nvidia also lifted its quarterly cash dividend to $0.25 a share from $0.01, according to its earnings release and SEC filing. The figures kept Nvidia at the center of the artificial-intelligence buildout, with data-center revenue reaching $75.2 billion, up 92% from a year earlier. The company said second-quarter fiscal 2027 revenue would be about $91 billion, plus or minus 2%, extending a run of forecasts that investors have used as a gauge of AI infrastructure spending. (investor.nvidia.com) ### How big was the quarter in the business Nvidia cares about most? Data Center revenue was $75.2 billion in the quarter, accounting for the vast majority of Nvidia’s total sales. Nvidia said the segment’s year-over-year increase reflected demand for its computing platforms used in training and deploying AI models. (investor.nvidia.com) Gaming revenue was $4.4 billion, while automotive and robotics revenue was $567 million, according to the company’s release. Those figures underscored how heavily Nvidia’s current growth is tied to hyperscalers, cloud companies and other buyers building AI capacity. (investor.nvidia.com) ### Why did Nvidia add an $80 billion buyback and raise the dividend? Nvidia’s board authorized an additional $80 billion in share repurchases and raised the quarterly dividend to $0.25 a share from $0.01. The company disclosed the moves in the same May 20 earnings release that reported the quarter’s record revenue. (investor.nvidia.com) The April 26 quarter-end filing showed Nvidia had 24.2 billion shares outstanding as of May 15. The larger buyback authorization gives the company room to keep returning cash even as it continues heavy spending tied to supply, networking and data-center demand. That link between capital returns and investment is an inference from the timing of the announcement and the scale of current operations, not a separate company statement. (investor.nvidia.com) ### What did the company say about the next quarter? Nvidia said second-quarter revenue should be about $91 billion, plus or minus 2%. The company also forecast GAAP and non-GAAP gross margins of 73.2% and 73.5%, respectively, plus or minus 50 basis points. (sec.gov) The guidance sets up another quarter in which investors will watch whether Nvidia can convert AI demand into delivered systems at the pace customers want. Nvidia’s investor site lists the company’s next formal shareholder milestone as its annual meeting on June 24, 2026. ### Where did profit land, and what was behind it? Net income for the quarter was $44.1 billion, up from $14.9 billion a year earlier, according to Nvidia’s Form 10-Q. (investor.nvidia.com) The filing said other income also benefited from unrealized gains on investments in publicly held and non-marketable equity securities. Diluted earnings per share rose to $0.76 from $0.24 a year earlier. (investor.nvidia.com) Nvidia reported cash, cash equivalents and marketable securities of $98.1 billion at quarter-end, giving it a large balance-sheet cushion as it heads into the current quarter. ### What comes next for investors to watch? June 24 is the date Nvidia has posted for its 2026 annual meeting of stockholders. (sec.gov) Before then, investors are likely to track whether the company reiterates its roughly $91 billion second-quarter revenue outlook in public appearances or filings. The next full update after the annual meeting will come with Nvidia’s second-quarter fiscal 2027 results, which the company will post through its investor relations site and SEC filings. (sec.gov) (investor.nvidia.com 1) (investor.nvidia.com 2)