- Nvidia authorized an additional $150 billion under its existing repurchase program, lifting the total remaining authorization to $235 billion, the largest buyback increase on record. Management expects to execute the full remaining program through FY28.
- Nvidia's FY28 P/E sits at 14.5, below every megacap peer other than Micron and versus a five-year average of 62.9. The stock is up 23% year to date, trailing expected earnings growth.
- Analysts expect Nvidia FY28 net income near $385 billion, up 60% year over year and more than fivefold over three years. Nvidia guided in August to 70% sales growth in FY28.
- Rising memory costs and supply shortages pull Nvidia gross margin toward 71-72% in fiscal Q4 2027, with the November 17 fiscal Q3 2027 report the test for $108 billion revenue guidance and a 70% FY28 growth outlook.
Quotes
“We are the world's first and only growth value stock”
“Buying back Nvidia stock is a tremendous opportunity.”
“It's a very healthy mark of a company looking at their own stock buybacks as the best investment they could do in the coming year”
“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders.”