Nvidia tops revenue and guidance, adds $80 billion to share buyback
Nvidia posted first-quarter revenue of $47.1 billion, up 62% from a year earlier, and guided ahead of Wall Street estimates for the current quarter. The chipmaker added $80 billion to its share repurchase program, sending the stock up about 4% in after-hours trade.
Nvidia said on Wednesday that first-quarter revenue reached $47.1 billion, up 62% from the $29 billion reported a year earlier and ahead of the $46.4 billion expected by analysts polled by LSEG. The data centre segment alone contributed $41.2 billion.
For the current fiscal second quarter, the company forecast revenue between $49 billion and $51 billion, above the $48 billion analyst consensus. Chief executive Jensen Huang said the Blackwell architecture is meeting hyperscaler demand at full capacity and customer shipments will remain strong through the third quarter.
The board authorised an additional $80 billion in share repurchases. Combined with the remaining amount from the previous programme, total authorisation now stands at roughly $110 billion. Shares climbed about 4% in after-hours trade to near $156. Investors are now watching how last week's Chinese ban on the RTX 5090D V2 will weigh on guidance later in the year.
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