Overview
- Nvidia reported record fiscal Q1 revenue of $81.6 billion on May 20, with $75.2 billion coming from its Data Center segment.
- The board approved an $80 billion share‑repurchase program and raised the quarterly dividend to $0.25 per share to return excess cash to investors.
- Management guided roughly $91 billion for Q2 but said that forecast excludes China data‑center compute revenue because export approvals remain uncertain.
- CEO Jensen Huang unveiled the Vera Rubin platform and a purpose‑built CPU for agentic AI that the company says targets a large new market, though Rubin revenue is not yet material and shipments are planned later in 2026.
- Analysts and investors are weighing structural risks — about $145 billion in total supply commitments, roughly 50% of data‑center sales tied to a few hyperscalers, and China export uncertainty — factors that have coincided with profit‑taking and public skepticism from voices such as Michael Burry.