Board greenlights an additional $80 billion share buyback after Q1 results

Nvidia said on May 20 that its board had approved an additional $80 billion in share repurchase authorization, adding to a capital-return program it disclosed alongside fiscal first-quarter results. The company reported revenue of $81.6 billion for the quarter ended April 26, 2026, up 85% from a year earlier, and said it had already returned about $20 billion to shareholders during the period through buybacks and dividends. Nvidia shares closed at $219.51 on May 21 and then finished at $215.33 on May 22, according to the company’s investor page. ### When did Nvidia actually approve the new buyback? May 18 was the date Nvidia’s board approved the added authorization, according to the company’s quarterly results release and related SEC filing. The company announced that decision publicly on May 20 with its fiscal 2027 first-quarter report. (investor.nvidia.com) The authorization was approved “without expiration,” Nvidia said. That means the company did not attach an end date to the new repurchase capacity in the materials it released. ### How much buying power does Nvidia now have? Nvidia said it had $38.5 billion remaining under its existing share repurchase authorization at the end of the first quarter. (investor.nvidia.com) The added $80 billion lifts total available capacity to about $118.5 billion, based on the figures the company disclosed. During the first quarter, Nvidia said it returned a record level of about $20 billion to shareholders through repurchased shares and cash dividends. The company did not, in the earnings release, set a timetable for how quickly it would use the newly authorized amount. ### What else did Nvidia announce with the buyback? (investor.nvidia.com) Nvidia said it was increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock. The dividend will be paid on June 26, 2026, to shareholders of record on June 4, 2026, the company said. The May 20 earnings release also said Nvidia was moving to a new reporting framework with two market platforms, Data Center and Edge Computing. (investor.nvidia.com) Within Data Center, the company said it would report two sub-markets: Hyperscale and ACIE, which includes AI Clouds, Industrial and Enterprise. ### How large was the quarter that preceded this decision? Nvidia reported first-quarter revenue of $81.6 billion, up 20% from the previous quarter and 85% from a year earlier. Data Center revenue was $75.2 billion, up 92% from a year earlier, according to the company’s release. The company said the quarter ended April 26, 2026. In the same release, Nvidia forecast second-quarter revenue of $91 billion. (investor.nvidia.com) ### How did the stock trade after the announcement? Nvidia’s investor page showed the stock closed at $219.51 on May 21, the first full trading day after the May 20 earnings release, and at $215.33 on May 22. That left the shares down 1.90% on May 22 from the prior close, according to the company’s quoted market data. (investor.nvidia.com) Yahoo Finance and other market data pages showed the same May 22 closing price of $215.33. (investor.nvidia.com) Those figures place the stock below the $223.47 close recorded on May 20, the day of the announcement. ### What should investors watch next? June 4 is Nvidia’s next shareholder record date for the higher quarterly dividend, and June 26 is the payment date the company listed in its earnings release. (investor.nvidia.com) Nvidia’s investor events page lists its first-quarter fiscal 2027 webcast and materials alongside the May 20 announcement. (investor.nvidia.com) (finance.yahoo.com)