NVIDIA's Q1 revenue of $81.6 billion exceeded market expectations, while also announcing an $80 billion stock buyback plan.

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ME News: On May 21 (UTC+8), Nvidia released its earnings report after the U.S. stock market closed on Wednesday. Its Q1 revenue for fiscal year 2027 was $81.6 billion, compared to market expectations of $78.67B; data center revenue was $75.2 billion, compared to market expectations of $72.8 billion. Nvidia also announced an $80 billion stock buyback plan and will raise its quarterly cash dividend from $0.01 per share to $0.25 per share. Additionally, Nvidia’s data center spending (the company’s main revenue source) has shown no signs of slowing down. Nvidia expects Q2 revenue to be $91 billion (plus or minus 2%), while the market consensus is $86.79B, though the highest forecast once reached $96 billion. This outlook disappointed investors who had grown accustomed to Nvidia consistently beating expectations. The company’s dominance in AI computing is also facing its first major challenge, as numerous chipmakers are trying to capture a piece of the market. Following the earnings release, Nvidia fell about 3% in after-hours trading, then narrowed to flat. (Source: BlockBeats)
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