Nvidia reports $96.2 B quarterly revenue and expands share buyback to $235 B
Nvidia announced quarterly revenue of about $96.2 billion, with data‑center sales jumping 117% year over year. The board approved an additional $150 billion of share repurchase authority, raising the total buyback capacity to $235 billion through fiscal 2028. Multi‑year AI compute contracts with Anthropic, xAI and OpenAI were highlighted as the demand catalyst. The stock rose roughly 2‑3% on the news.
Why it matters
The expanded buyback gives Nvidia a large cash‑return tool that can support the share price during market volatility, according to the company’s statement. Analysts note that the record‑size repurchase, combined with strong AI‑driven revenue growth, reinforces Nvidia’s financial flexibility and may attract momentum traders.
Key facts
- 1Quarterly revenue was about $96.2 billion. timothysykes.com
- 2Data‑center sales grew 117% year over year. timothysykes.com
- 3The board added $150 billion to the share repurchase authorization, bringing total capacity to $235 billion through fiscal 2028. timothysykes.com
- 4The stock rose 2.26% during trading on the day of the announcement. timothysykes.com
- 5Analyst Barclays maintained an Overweight rating and set a $275 price target. stockstotrade.com
- 6GuruFocus valued the shares at $400.57, indicating a 40.8% undervaluation versus the current price of $236.96. gurufocus.com
Open questions
- GuruFocus valuation ($400.57) and the implied 40.8% undervaluation are model‑based estimates, not confirmed by Nvidia.
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.