Overview
- Nvidia reported record first‑quarter revenue of $81.62 billion, with data‑center sales accounting for about $75.2 billion and roughly 92% of total revenue, which the company said drove nearly all growth.
- The company raised next‑quarter guidance to roughly $91 billion and announced an $80 billion share buyback plus a jump in the quarterly dividend to $0.25 to return cash to shareholders.
- CEO Jensen Huang set a target of at least $1 trillion in cumulative AI‑chip revenue through 2027 for Blackwell and Rubin platforms, and management highlighted new Vera processors as an added market opportunity.
- Nvidia said Blackwell‑class GPUs are effectively sold out and that supply constraints tied to foundry capacity will persist, creating backlogs that limit how fast the company can fill orders.
- Shares slipped modestly after the report as investors weighed steep valuation and the durability of hyperscaler spending together with medium‑term risks from U.S. export limits on China and rising custom‑chip competition from Big Tech and rivals such as AMD and Intel.