NVIDIA announces $80B buyback and dividend as it forecasts $91B Q2 revenue

NVIDIA said on May 20 that it expects second-quarter revenue of about $91 billion, as the chip designer paired another record sales quarter with an $80 billion additional share repurchase authorization and a sharp increase in its cash dividend. The company reported first-quarter revenue of $81.6 billion for the period ended April 26, 2026, up 20% from the prior quarter and 85% from a year earlier, according to its earnings release. NVIDIA also said it would raise its quarterly dividend to $0.25 a share from $0.01 a share. The figures matter because they tie together three separate signals in one update: current demand, management’s near-term outlook, and how much cash the company is prepared to return to shareholders. NVIDIA’s release did not include the market-cap comparison circulating on X, and that figure should be treated separately from the company’s official earnings disclosures. (investor.nvidia.com) ### How big was the quarter NVIDIA just reported? First-quarter revenue was $81.6 billion, and NVIDIA said that was a company record. The company said data center revenue was $75.2 billion, also a record, up 10% from the previous quarter and 92% from a year earlier. April 26, 2026 was the quarter-end date, and the year-over-year comparison shows how much larger NVIDIA’s business has become in 12 months. (investor.nvidia.com) In the first quarter of fiscal 2026, NVIDIA reported revenue of $44.1 billion, which means the latest quarter was nearly double that level. ### What exactly did NVIDIA forecast for the current quarter? (investor.nvidia.com) Second-quarter revenue is expected to be $91 billion, plus or minus 2%, NVIDIA said in its fiscal first-quarter release. That guidance points to another sequential increase from the $81.6 billion just reported, if the company lands near the midpoint. Jensen Huang, NVIDIA’s chief executive, said in the release that “global demand for NVIDIA AI infrastructure is incredibly strong.” The company tied that demand to what it described as production ramping for Blackwell AI supercomputers. (investor.nvidia.com) ### What did NVIDIA announce on buybacks and dividends? NVIDIA said it authorized an additional $80.0 billion in share repurchases. (investor.nvidia.com) A buyback authorization allows the company to repurchase stock over time, but it is not the same as a commitment to spend the full amount immediately. The quarterly cash dividend will rise to $0.25 per share from $0.01 per share, according to the same release. (nvidianews.nvidia.com) Companies typically disclose the record date and payment date for dividends separately through investor relations materials and board declarations. ### Where is the growth still concentrated? Data center remained the core of NVIDIA’s business in the latest quarter. (investor.nvidia.com) At $75.2 billion, that segment accounted for the vast majority of the company’s total revenue, based on the figures in the earnings release. That concentration reflects continued spending by cloud providers, enterprises and governments building AI systems, according to NVIDIA’s description of demand. February 25, 2026 offers a useful benchmark for the pace of expansion. NVIDIA reported fourth-quarter fiscal 2026 revenue of $68.1 billion on that date, meaning the company added another $13.5 billion of quarterly revenue by the next report. ### What should investors watch next? (investor.nvidia.com) Late August is the likely window for NVIDIA’s second-quarter fiscal 2027 report, based on the company’s recent earnings calendar. NVIDIA said first-quarter materials were posted on investor.nvidia.com and its conference call was held on May 20, a pattern it has followed for prior quarterly releases as well. (investor.nvidia.com) The next formal checkpoint will be whether reported second-quarter revenue matches the $91 billion outlook and whether data center sales continue to drive most of the company’s growth. Any update on repurchase activity or dividend payment dates will also appear through NVIDIA’s investor relations disclosures. (investor.nvidia.com 1) (investor.nvidia.com 2)