Nvidia Shatters Records with $81.6B Revenue, Announces Monumental $80B Buyback
Nvidia Corporation unveiled its extraordinary first-quarter fiscal results for 2027 on May 20, 2026. The company posted a record-breaking revenue of $81.6 billion, marking an 85% increase year-over-year and a 20% surge from the previous quarter. The lion’s share of this growth was driven by Nvidia’s Data Center division, which raked in $75.2 billion in revenue, a 92% increase from the previous year.
The company’s GAAP earnings per diluted share soared to $2.39, while gross margins remained robust at 74.9%. CEO Jensen Huang credited the remarkable performance to the rapid expansion of AI infrastructure. He emphasized that “AI factories” represent “the largest infrastructure expansion in human history.”
In a move that significantly benefits shareholders, Nvidia announced an additional $80 billion share repurchase authorization. The company also substantially increased its quarterly dividend from $0.01 per share to $0.25 per share—a staggering 25-fold increase. These results underscore the continued high demand for Nvidia’s AI chips, despite the increasing competition and ongoing geopolitical tensions affecting semiconductor supply chains.
Looking ahead to the second quarter, Nvidia projects a revenue of approximately $91 billion. This forecast exceeds Wall Street expectations, indicating that the AI boom is far from over.
Source: SEC.gov