NVIDIA posts $81.6B quarter

NVIDIA reported record first-quarter fiscal 2027 revenue of $81.6 billion on May 20, 2026, as spending on artificial-intelligence infrastructure continued to lift demand for its chips and systems. The Santa Clara, California, company said revenue rose 85% from a year earlier and 20% from the prior quarter. NVIDIA also approved an additional $80 billion for share repurchases and raised its quarterly cash dividend to $0.25 a share from $0.01. (investor.nvidia.com) Shares fell after the report even as the company beat Wall Street expectations, according to CNBC and other market coverage. ### Where did the quarter’s growth come from? Data Center revenue totaled $75.2 billion in the quarter ended April 26, 2026, up 92% from a year earlier, NVIDIA said in its earnings release. (investor.nvidia.com) Under the company’s previous reporting structure, data-center compute revenue was $60.4 billion and networking revenue was $14.8 billion. Jensen Huang, NVIDIA’s chief executive, said in the release that “the buildout of AI factories” was accelerating and that agentic AI was spreading across companies and industries. The company said it is shifting to a new reporting framework with two market platforms, Data Center and Edge Computing, and will break Data Center into Hyperscale and ACIE, which stands for AI Clouds, Industrial and Enterprise. (investor.nvidia.com) ### How profitable was NVIDIA at this scale? GAAP earnings per diluted share were $2.39 and non-GAAP earnings per diluted share were $1.87, NVIDIA said. GAAP and non-GAAP gross margins were 74.9% and 75.0%, respectively. (investor.nvidia.com) The company returned about $20 billion to shareholders in the quarter through repurchases and dividends, according to the release. As of the end of the quarter, NVIDIA said it had $38.5 billion remaining under its prior repurchase authorization before the board approved the additional $80 billion on May 18. ### Why did investors focus on the stock instead of the beat? (investor.nvidia.com) CNBC reported that NVIDIA’s results topped analyst expectations, but the stock still slid after the release. Bloomberg reported that investors were becoming more skeptical and were watching whether NVIDIA could broaden growth beyond the largest data-center customers. (investor.nvidia.com) The investor-relations site showed NVIDIA shares at $215.33, down $4.18, with the quote delayed 20 minutes when the page was crawled on May 24. That move followed the earnings release and reflected a muted market reaction despite the revenue and profit gains. ### What changed in capital returns? On May 18, 2026, NVIDIA’s board approved an additional $80 billion share repurchase authorization without expiration, the company said. (investor.nvidia.com) The company also raised its quarterly cash dividend to $0.25 per share from $0.01 per share. The dividend will be paid on June 26, 2026, to shareholders of record on June 4, 2026, NVIDIA said. The company’s investor calendar also lists its 2026 annual meeting of stockholders for June 24, 2026. (cnbc.com) ### What should investors watch next? NVIDIA’s next formal shareholder date is June 4, 2026, the record date for the new dividend, followed by the June 24 annual meeting and the June 26 dividend payment. (investor.nvidia.com) Those dates will be the next scheduled milestones on the company’s investor calendar. (investor.nvidia.com)