NVIDIA reports strong first-quarter results and issues guidance for the next quarter while expanding shareholder returns. For the quarter ended in its latest reporting period, NVIDIA posts revenue of $81.6 billion, up 85% year over year and about 20% higher than the prior quarter. Data center revenue is reported at $75.2 billion, and net income is $58.3 billion. The company also projects second-quarter revenue of about $91 billion.
In addition to its forecast, NVIDIA announces a new capital return plan. It authorizes an $80 billion share buyback, described as the second such $80 billion authorization in three quarters. NVIDIA also raises its quarterly cash dividend to $0.25 per share, moving from the prior $0.01 dividend level (as described by one outlet). The announcements combine forward guidance with continued payouts through buybacks and the increased dividend.
