Nvidia Shatters Records with $91B Q2 Revenue Forecast and $80B Share Buyback
Nvidia shattered records with a first-quarter revenue of $81.6 billion on May 20, 2026. This represents an impressive 85% year-over-year increase and a 20% rise from the previous quarter. The surge is largely attributed to the booming demand for AI infrastructure. The Data Center division of the chip giant alone generated $75.2 billion in revenue, marking a 92% increase from a year ago. This success was driven by the ramp-up of Blackwell 300 products and a strong demand for AI computing solutions.
Looking forward, Nvidia projects a second-quarter revenue of $91 billion, plus or minus 2%. This significantly surpasses Wall Street’s consensus estimate of $86.84 billion. The forecast indicates a continued momentum in the AI infrastructure boom, with U.S. tech giants increasing AI-related capital spending to an estimated $700 billion in 2026. CEO Jensen Huang described this development as “the largest infrastructure expansion in human history.”
In addition to the revenue forecast, Nvidia also announced a massive $80 billion share repurchase program. The company also increased its quarterly dividend from $0.01 to $0.25 per share. These moves demonstrate Nvidia’s confidence in its financial position and its commitment to returning capital to shareholders. It’s worth noting that the company’s outlook does not assume any Data Center compute revenue from China, as no shipments of Hopper products to China occurred during the quarter.
Source: SEC