Nvidia Reports Doubling Sales, Unveils $80B Buyback and Dividend Hike
NVDA•Nvidia reported nearly doubled annual sales, modestly beat next-quarter revenue forecasts, raised its dividend and unveiled an $80 billion share buyback plan. Despite these measures, shares slid about 1% in after-hours trading on concerns over intensifying competition.
1. Earnings and Guidance
Nvidia’s latest results showed year-over-year sales nearly doubled and revenue guidance for the upcoming quarter modestly exceeded market expectations. Management highlighted continued strength in data-center demand as the primary growth driver.
2. Capital Return Plan
The board approved a raised quarterly dividend alongside an $80 billion share repurchase authorization, marking one of the largest buybacks in the semiconductor sector. The buyback is expected to be executed over the next several quarters to optimize capital structure.
3. Shareholder Reaction
Despite robust financial metrics and aggressive capital returns, Nvidia’s shares fell roughly 1% in after-hours trading. Investors cited rising competition from other chipmakers as the key factor tempering enthusiasm.
