Nvidia Announces Record-Breaking Quarter and $80B Share Repurchase Plan

(AsiaGameHub) –   Nvidia announced a further record-breaking quarter following Wednesday’s market close, fueled by substantial data center demand and broader implementation of its Blackwell architecture.

Good to Know

• Nvidia’s quarterly revenue totaled $81.6B for the period ending April 26.
• Data center revenue achieved a new high of $75.2B.
• The board authorized an $80B share buyback program.

Data Center Growth Keeps Nvidia Ahead

AI infrastructure continues to provide the primary thrust for Nvidia’s performance. The firm generated $81.6B in revenue for the quarter, a 20% increase sequentially, with data center sales accounting for $75.2B of that total.

Chief Financial Officer Colette Kress attributed the outcome to strong demand for the Blackwell platform among top AI and cloud clients.

“Our Blackwell architecture is ubiquitous, embraced and implemented by every major hyperscaler, every cloud provider, and every leading model developer,” stated Nvidia CFO Colette Kress.

The company also provided a more moderate growth forecast for the coming quarter. It anticipates revenue of approximately $91B, equating to 12% growth. This still indicates enormous demand, albeit at a reduced rate compared to the most recent quarter.

Contributions from China were not a significant factor in the results. Kress noted that exports of the H200 have gained U.S. government clearance, but Nvidia has not yet recorded any sales from these shipments.

“We have not yet recognized any revenue, and it remains unclear if any imports will be permitted into [China],” Kress commented.

A more surprising element in the financial report concerned Nvidia’s stakes in private firms. The value of its non-marketable equity securities climbed from $22B at the quarter’s start to $43B by its conclusion. Acquisitions during the period amounted to $18.5B, vastly exceeding the $649M expended in the prior quarter.

This figure does not account for recent investments in publicly traded companies like Corning and IREN. It also omits pending future commitments that are not finalized, such as the proposed $30B investment in OpenAI revealed in February.

CEO Jensen Huang additionally highlighted new AI infrastructure capacity related to Anthropic.

“The scale of capacity we will activate for Anthropic this year and the following year is set to be very substantial,” Huang informed investors during a call. “Our provisioning for Anthropic had been virtually nonexistent prior to this.”