NVIDIA Corporation (NASDAQ:NVDA) is one of the top must-buy semiconductor stocks to invest in now.
NVIDIA Corporation (NASDAQ:NVDA) released financial results for fiscal Q1 2027 on May 20, reporting record revenue of $81.6 billion for the quarter, up 20% from the previous quarter and up 85% from a year ago
GAAP and non-GAAP gross margins were 74.9% and 75.0% for the quarter, respectively, while GAAP and non-GAAP earnings per diluted share were $2.39 and $1.87, respectively. NVIDIA Corporation (NASDAQ:NVDA) further reported that the company returned a record level of around $20.0 billion in fiscal Q1 2027 in the form of shares repurchased and cash dividends. It had 38.5 billion remaining under its share repurchase authorization as of the end of the quarter.
The company’s Board of Directors also approved an additional $80.0 billion to its share repurchase authorization on May 18, 2026, without expiration. NVIDIA Corporation (NASDAQ:NVDA) is also increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock, payable on June 26, 2026, to all shareholders of record on June 4, 2026. NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software.