Nvidia posts record $81.6bn quarterly revenue (+85%), guides Q2 to ~$91bn, adds $80bn buyback and raises dividend

Nvidia reported record revenue of $81.6 billion for its fiscal first quarter ended April 26, 2026, up 85% year over year, driven by surging AI-infrastructure demand. Data Center revenue was a record $75.2 billion, up 92% year over year and 21% sequentially, on the ramp of Blackwell 300 products and networking demand (InfiniBand, Spectrum-X Ethernet, NVLink); within that, compute was $60.4 billion (+77% y/y) and networking $14.8 billion (+199% y/y), per the company's filing. Management guided fiscal Q2 revenue to about $91 billion (plus or minus 2%) with gross margin of 75.0% (plus or minus 50bp) and opex near $8.3 billion.

Nvidia also announced an additional $80.0 billion share-repurchase authorization and raised its quarterly dividend to $0.25 from $0.01. Despite the beat, shares slipped after hours (down roughly 1.5%), with commentary attributing the muted reaction to the stock's prior run-up and elevated expectations at a ~30x forward multiple. NUMBER-VARIANCE CAVEAT: the authoritative $75.2bn Data Center figure comes from Nvidia's SEC filing and CNBC; one secondary outlet (Intellectia) cited a $39.1bn 'data center' figure that does not match the official release and appears to reference a different sub-cut or contain an error — the company filing governs.

The report, the single most consequential earnings event of the window, reinforced the AI-capex narrative but also fed concern about concentration risk; Nvidia shares were central to the AI-led equity selloffs later in the window.