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Nvidia posts record $81.6bn quarter on AI demand
The AI boom, in one income statement. The brief.
The FeaturedDaily DeskVerified May 2026
Nvidia reported record quarterly revenue of $81.6bn on 20 May 2026, up 85% year on year.
What happened. On 20 May, Nvidia reported record first-quarter revenue of $81.6 billion, up 85% year on year, with $75.2 billion from data centre (up 92%) on the Blackwell 300 ramp. CEO Jensen Huang called the AI-factory buildout 'the largest infrastructure expansion in human history'.
The cash. The board added $80 billion to its buyback and raised the dividend to $0.25 a share — signalling confidence the demand is durable.
Sources
- NVIDIA Announces Financial Results for First Quarter Fiscal 2027 — Nvidia (SEC 8-K), 20 May 2026
- NVIDIA Kicks Off the Next Generation of AI With Rubin — Six New Chips — Nvidia, 6 January 2026