Nvidia revenue soars to $81.6B as data center sales hit $75.2B; $80B buyback approved
Nvidia revenue reached a record $81.6 billion for the quarter ended April 26, driven by a $75.2 billion data center haul and an $80 billion share repurchase authorization.
Nvidia reported record revenue of $81.6 billion for the fiscal quarter ending April 26, with data center sales accounting for the vast majority of the gains. The company announced an $80 billion share repurchase program alongside results, reflecting strong cash flow and investor returns. CFO Colette Kress highlighted widespread adoption of the Blackwell architecture, which the company says is deployed across hyperscalers, cloud providers and major model makers.
Quarterly performance and growth trajectory
Nvidia’s $81.6 billion topline represented a roughly 20 percent increase from the prior quarter, underscoring sustained demand for its accelerated-compute products. The company flagged a moderation in growth, projecting $91 billion in revenue for the next quarter, which would be about 12 percent year-over-year growth. Management framed the outlook as a tempering from an exceptional prior period rather than an erosion of long-term demand for AI compute.
Data center revenue dominates results
Data center revenue reached a record $75.2 billion, representing approximately 92 percent of total sales for the quarter. That concentration underscores how Nvidia’s business has become closely tied to AI model training and inference workloads at hyperscalers and cloud providers. Executives pointed to broad adoption of the Blackwell family of GPUs as the primary driver of that demand, a factor they say has accelerated purchases and capacity commitments from large customers.
$80 billion buyback authorized by board
On the strength of the quarter’s cash generation, Nvidia’s board authorized an $80 billion share repurchase program. The buyback announcement signals management’s intent to return capital to shareholders and reduce share count while the company navigates a high-growth, capital-intensive market. Analysts and investors typically view large repurchases as a tool to support earnings per share and signal confidence in the company’s cash flow prospects.
Private stakes nearly doubled during quarter
Nvidia disclosed a sharp rise in holdings described as “non-marketable equity securities,” with positions in privately held companies growing from $22 billion at the start of the quarter to $43 billion at quarter end. The increase was driven largely by $18.5 billion in purchases over the three-month period, a notable acceleration compared with just $649 million of similar purchases in the previous quarter. Those private stakes do not include recent investments in publicly traded firms such as Corning and IREN, nor future commitments that have not yet closed.
China export approvals and limited revenue impact
The company said recent U.S. export approvals for H200 accelerators have not yet translated into meaningful revenue from China. CFO Colette Kress cautioned that while approvals exist, Nvidia had not booked revenue from those shipments and said the company remains uncertain about the extent of imports that will be permitted into China. The comments reflect the ongoing complexity of global supply and export controls for advanced AI hardware.
Customer commitments and Anthropic capacity buildout
CEO Jensen Huang told investors that Nvidia will bring substantial new capacity online for Anthropic this year and next, marking a significant expansion of the company’s engagement with the startup model maker. Huang said Nvidia’s prior coverage for Anthropic had been “largely zero” until recently, underscoring the rapid shift in commercial relationships as customers scale AI deployments. The company also reiterated its broader commitment to supplying hyperscalers and cloud providers that are building out model training and inference infrastructure.
Market participants will watch guidance and capital allocation closely after a quarter that combined outsized data center revenue with a more tempered near-term growth forecast. Nvidia’s record results and large repurchase program reinforce its central role in AI infrastructure, while the surge in private investments signals a strategy to deepen ties with an ecosystem of model makers and technology partners.
