NVIDIA reports 85% year-over-year revenue growth and approves an additional $80.0 billion share repurchase authorization.
NVIDIA reported fiscal Q1 2027 revenue of $81.6 billion, a 20% increase from the prior quarter and 85% higher than the same period last year. GAAP earnings per diluted share rose to $2.39, while non-GAAP earnings reached $1.87, with gross margins near 75%.
The company also announced an $80.0 billion expansion of its share repurchase program on May 18, 2026, and raised its quarterly cash dividend from $0.01 to $0.25 per share. The dividend will be paid on June 26, 2026, to shareholders of record as of June 4, 2026.
Separately, reports emerged of suspected chip smuggling to China via Japan, though details remain unverified.