Nvidia announces $80 billion buyback

Nvidia said on May 20 that it had approved an additional $80 billion share repurchase authorization and increased its quarterly cash dividend, pairing the capital return move with a quarterly revenue report that topped Wall Street expectations. The chipmaker said first-quarter revenue for the period ended April 26 was $81.6 billion, up 85% from a year earlier. Nvidia also said data center revenue reached $75.2 billion, up 92% from a year earlier. The announcement came after the market close, alongside the company’s fiscal 2027 first-quarter earnings release. The buyback is additional authorization, not a commitment to spend the full amount immediately. Companies typically use such authorizations over time, depending on cash flow, market conditions and board approval. Nvidia did not set a timetable in the earnings release for when repurchases would occur. It said only that the board had approved the added authorization. (investor.nvidia.com) ### How big is the dividend increase Nvidia announced? Nvidia said its quarterly cash dividend will rise to $0.25 per share from $0.01 per share. The company disclosed the new amount in its earnings materials, clarifying a point that was missing from some early post-earnings summaries. That is a 25-fold increase in the quarterly payout. (investor.nvidia.com) The company’s prior quarterly release for the fourth quarter of fiscal 2026 had said the next dividend would be $0.01 per share, payable on April 1, 2026, to shareholders of record on March 11, 2026. The new $0.25 rate begins with the first-quarter fiscal 2027 announcement. ### Why pair a buyback with earnings now? (investor.nvidia.com) Nvidia announced the capital return measures in the same release as record quarterly sales. The company reported first-quarter revenue of $81.6 billion, compared with $44.1 billion in the year-earlier quarter, according to its current and prior first-quarter releases. Data center remained the main driver, with revenue of $75.2 billion in the latest quarter versus $39.1 billion a year earlier. (nvidianews.nvidia.com) Jensen Huang, Nvidia’s chief executive, said in the earnings release that global demand for the company’s AI infrastructure remained strong. The company’s investor materials described the quarter as record revenue and record data center revenue. ### Does an $80 billion authorization mean immediate support for the stock? (investor.nvidia.com) An $80 billion authorization is large even for a company of Nvidia’s size, but it is not the same as an executed repurchase. The earnings release did not disclose how much stock Nvidia had already bought back under prior programs during the quarter, nor did it provide a schedule for purchases under the new authorization. (investor.nvidia.com) After-hours trading reaction can diverge from the scale of a buyback announcement because investors also focus on guidance, margins and expectations already embedded in the stock. Nvidia’s official materials for the quarter centered on revenue, data center growth, the buyback authorization and the dividend increase, while the company’s conference call and posted commentary provided the fuller context investors were parsing after the release. (investor.nvidia.com) ### Where can investors check the source documents? Nvidia posted its first-quarter fiscal 2027 earnings release, webcast and related materials on its investor relations site on May 20. The company said on April 29 that written commentary from Chief Financial Officer Colette Kress would be posted when results were released and that the conference call replay would remain available until the next quarterly earnings call. (investor.nvidia.com) The next steps are in those filings and presentations: the earnings release, the webcast replay, the CFO commentary and the quarterly SEC filing for the quarter ended April 26, 2026. (investor.nvidia.com 1) (investor.nvidia.com 2)