NVIDIA expands share repurchase program by $150 billion to $235 billion through fiscal 2028
NVIDIA's board approved an additional $150 billion authorisation for share buybacks, raising the total repurchase capacity to $235 billion. The company plans to execute the program by the end of fiscal 2028. The move follows a second‑quarter fiscal 2027 where revenue jumped 106 % YoY to $96.2 billion and the firm returned about $26 billion to shareholders. Analysts estimate the expanded buyback could cut shares outstanding by roughly 4.2 % and lift earnings per share by about 1.6 % by 2028.
Why it matters
The larger buyback gives NVIDIA flexibility to return excess cash while supporting EPS growth, which could sustain its strong share‑price performance. Analysts at Morgan Stanley kept an Overweight rating and a $300 price target, citing the buyback and robust AI‑driven demand.
Key facts
- 1NVIDIA added $150 billion to its share repurchase authorisation, bringing total capacity to $235 billion. zacks.com
- 2The expanded program is slated to be executed through fiscal 2028. zacks.com
- 3Fiscal‑2027 Q2 revenue rose 106 % year‑over‑year to $96.2 billion. zacks.com
- 4NVIDIA returned approximately $26 billion to shareholders in Q2, including $19.7 billion of stock repurchases and $6 billion of dividends. zacks.com
- 5Analysts estimate the $150 billion buyback could reduce shares outstanding by about 4.2 % and increase EPS by roughly 1.6 % by 2028. benzinga.com
- 6Morgan Stanley maintained an Overweight rating on NVIDIA with a $300 price target, citing strong AI demand. tradingview.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.