May 21, 2026, 7:24 AM

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

Nvidia on Wednesday forecast second-quarter revenue above Wall Street expectations and announced an $80 billion share repurchase program. The company, which is the world's most valuable, anticipates revenue of $91 billion, plus or minus 2%, for the current quarter.

This forecast compares to analysts' average estimates of $86.84 billion, according to data compiled by StreetInsider. The positive outlook follows a strong first-quarter performance.

Nvidia reported first-quarter revenue of $81.62 billion, surpassing analysts' average estimate of $78.86 billion. The company's Q1 shareholder returns included roughly $20 billion through dividends and share repurchases.

The newly authorized $80 billion share buyback program has no expiration date. Nvidia concluded the first quarter with approximately $38.5 billion remaining under its previous authorization. This new approval means the company now has over $100 billion available for future share repurchases.

The company is also expanding its focus on new data center chips for growth. According to 24/7 Wall St., Nvidia is forecasting $20 billion in CPU sales this year.

Nvidia's CUDA platform is extending to the edge of robotics, enabling physical AI. The company's revenue from physical AI is now reported at $9 billion.

Additionally, Nvidia's Vera CPU is positioned as the first CPU specifically designed for agentic AI. This new offering is expected to open up a new total addressable market (TAM) of $200 billion.

Sources