NVIDIA posts $81.6B revenue

Nvidia reported record fiscal first-quarter revenue of $81.6 billion on May 20, 2026, up 85% from a year earlier, as demand for its AI chips continued to drive growth. The company said data-center revenue reached $75.2 billion, up 92% from a year ago, and announced an additional $80 billion share repurchase authorization alongside a quarterly dividend increase to $0.25 a share from $0.01. Nvidia shares still fell after the report, extending what CNBC described as a fourth straight post-earnings decline. Jensen Huang, Nvidia’s chief executive, also told CNBC the company has “largely conceded” China’s AI-chip market to Huawei as U.S. export controls tightened. ### Why did the stock drop after record revenue? CNBC reported that Nvidia stock fell after the analyst call despite results that topped Wall Street expectations, with revenue of $81.62 billion versus estimates of about $78.86 billion and adjusted earnings per share of $1.87 versus $1.76 expected. The decline put the shares on track for a fourth consecutive post-earnings slide, according to CNBC. (investor.nvidia.com) The company’s own release pointed to continued expansion rather than retrenchment. Nvidia said first-quarter revenue rose 20% from the prior quarter, and it returned about $20 billion to shareholders during the quarter through repurchases and dividends. ### What did Nvidia announce on capital returns? Nvidia said it increased its quarterly cash dividend 25-fold, to $0.25 per share from $0.01, and approved an additional $80 billion in share repurchases. (cnbc.com) The company disclosed both moves in its first-quarter fiscal 2027 earnings release. The scale of those returns came alongside record operating performance. Nvidia said first-quarter revenue was the highest in its history, with data-center sales accounting for the vast majority of total revenue. (nvidianews.nvidia.com) ### What did Jensen Huang say about China? Jensen Huang told CNBC that Nvidia has “largely conceded” China’s advanced AI-chip market to Huawei. (investor.nvidia.com) CNBC said Huang made the remarks after the earnings report as U.S. export restrictions continued to limit Nvidia’s ability to sell advanced AI chips into China. CNBC reported that Huang still said Nvidia wants to return to China, though he added he did not expect approvals soon. (nvidianews.nvidia.com) Benzinga separately reported that the Trump administration told Nvidia in April that licenses would be required to export advanced AI chips to China and several other countries. ### Where is the growth still coming from? Nvidia said data-center revenue reached $75.2 billion in the quarter, up 92% from a year earlier. (cnbc.com) In its earnings release, Huang said demand for the company’s Blackwell AI infrastructure was “incredible.” Benzinga reported that analysts are increasingly focused on whether supply can keep pace with hyperscaler demand as large technology companies continue building AI data centers. (cnbc.com) That framing shifts attention from whether demand exists to whether Nvidia and its manufacturing partners can deliver enough systems. ### What comes next for Nvidia? (nvidianews.nvidia.com) Nvidia said it expects second-quarter revenue of about $91 billion. The company published that forecast with its first-quarter results for the period ended April 26, 2026. TipRanks and other earnings trackers list Nvidia’s next earnings report for late August 2026. Between now and then, investors will be watching whether Blackwell shipments expand, whether supply constraints ease, and whether China-related restrictions change. (benzinga.com) Those are the next disclosed milestones around the company’s near-term outlook. (tipranks.com) (nvidianews.nvidia.com)