Q1 revenue $81.6bn (+85% YoY), data centre $75.2bn, net income $58.3bn. The quarterly dividend moves from a penny to 25 cents per share. The buyback is the second $80bn authorisation in three quarters.
Nvidia reported first-quarter revenue of $81.6bn on Wednesday, up 85% year-on-year and 20% from the prior quarter, and guided second-quarter revenue to about $91bn (plus or minus 2%) against an analyst consensus of $86.84bn.
The board separately authorised an additional $80bn of share buybacks and lifted the quarterly dividend from one cent to 25 cents per share. The stock moved up on the print before settling roughly flat in extended trading.
Data-centre revenue inside the quarter came in at $75.2bn, against the average analyst estimate of $72.8bn, as the dominant beat. Net income for the February-April period was $58.3bn, up 37% sequentially and more than 200% year-on-year, on the run rate Al Jazeera’s coverage framed as ‘record profit and revenue amid the AI chip boom’.
The buyback authorisation is the second $80bn programme the board has approved inside three quarters. Combined, the company has authorised over $160bn of repurchases against a market capitalisation that has, on the May 20 close, traded above $4tn for most of the past quarter.
