- Nvidia issued guidance for the subsequent fiscal year for the first time, forecasting annual sales growth of roughly 70% and continued strong gross margins, which CEO Jensen Huang tied to greater demand visibility.
- Non-GAAP EPS rose 120% in Q2 FY2027 on 106% revenue growth, and Q3 midpoint sales guidance of roughly $108 billion implies about 89% year-over-year growth.
- Nvidia's board authorized an additional $150 billion for share repurchases, bringing total authorization to $235 billion, to be deployed by January 2028.
- Nvidia raised its quarterly dividend from $0.01 to $0.25, signaling a higher rate of capital returns.
- Huang dismissed AI doomsday narratives, and Wall Street expects a 91% year-over-year increase in revenue in the current quarter, with the stock hitting a new high that week.
Quotes
“a lot greater visibility”
“Scaring people is unnecessary. It is irresponsible.”
“This authorization reflects our confidence in the long-term opportunity ahead”