NVIDIA official newsroom (nvidianews.nvidia.com/bios/jensen-huang)
Nvidia increases share buyback approval by $150B as AI revenue machine keeps printing cash
The chipmaker's board authorized an additional $80 billion in repurchases, bringing total buyback capacity to roughly $118.5 billion as quarterly revenue hit a record $81.6 billion.
Nvidia’s board just handed shareholders a very expensive valentine. The company approved an additional $80 billion in share repurchase authorization, pushing its total buyback capacity to approximately $118.5 billion.
The announcement landed alongside Nvidia’s fiscal first-quarter 2027 earnings, which showed the AI chip titan pulling in $81.6 billion in revenue for the quarter ended April 26, 2026. That’s an 85% jump year-over-year.
The numbers behind the confidence
Data Center revenue surged 92% year-over-year to $75.2 billion. That single business line now accounts for the vast majority of Nvidia’s total sales.
Free cash flow came in at $48.6 billion for the quarter. Nvidia returned roughly $20 billion of that to shareholders through buybacks and dividends, and management has signaled plans to send about 50% of annual free cash flow back to investors over the course of the year.
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The buyback authorization, approved on May 18, 2026, carries no expiration date. As of the end of the quarter, Nvidia had roughly $38.5 billion remaining under previous repurchase authorizations. The new $80 billion approval stacks on top of that, creating the $118.5 billion total war chest. Subsequent quarters showed the company isn’t shy about using it either, with approximately $19.7 billion deployed in share buybacks during Q2 of fiscal year 2027 alone.
A dividend that actually moves the needle now
The quarterly cash payout jumped from $0.01 to $0.25 per share, a 25x increase. The new dividend is payable June 26, 2026, to shareholders of record as of June 4, 2026.
The combined buyback-plus-dividend package ranks among the largest capital return programs in corporate history. Apple remains the only company that has consistently deployed bigger repurchase authorizations. UBS analysts had actually speculated that Nvidia might go as high as $150 billion in buyback approvals, so the $80 billion figure, while enormous by any normal standard, technically came in below the most aggressive Wall Street whisper numbers.