Nvidia announced a record $150 billion increase to its stock buyback authorization on Monday, expanding its capital-return program as the chipmaker continues to generate substantial cash from demand for artificial intelligence systems.
The new authorization raises Nvidia’s remaining capacity for future share repurchases to $235 billion. The company said it expects to carry out the remaining program through fiscal 2028. The move does not mean Nvidia immediately spent $150 billion buying shares. It gives management additional authority to repurchase stock over time.
Nvidia called the increase the “largest share repurchase authorization increase in history.” Reuters reported that it surpassed Apple’s $110 billion authorization announced in May 2024.
The company had already been buying back shares at a rapid pace. During the first six months of fiscal 2027, Nvidia repurchased 203 million shares for $39.8 billion, according to its latest quarterly filing. It spent $20.2 billion in the first quarter and $19.7 billion in the second quarter.
Nvidia’s record stock buyback follows rapid repurchase pace
Nvidia generated $74.4 billion in operating cash flow during the first half of the fiscal year. Second-quarter revenue reached $96.2 billion, up 106% from a year earlier, while net income totaled $59.7 billion. Data center revenue rose to $89 billion.
NVIDIA authorized $150B to its stock buyback program :
– The move brings NVIDIA’s remaining repurchase authorization to $235 billion, the largest-ever increase in a U.S. buyback program.
– NVIDIA expects to execute the remaining authorization through fiscal 2028.
– The company… pic.twitter.com/RGyx0dCzwu
— OpenlabX (@openlabxorg) September 28, 2026
The Nvidia record stock buyback comes as the company is also committing large amounts of capital elsewhere. Its July filing showed $366 billion in future commitments, including $279 billion for supply and capacity, $29 billion for cloud-service agreements, and $25 billion for equity investments.
Nvidia has also expanded its dividend and investment activity. The board increased the quarterly dividend from 1 cent to 25 cents a share in May, and the company paid about $6.3 billion in dividends during the first half of fiscal 2027.
At the same time, Nvidia reported $42.4 billion in purchases of equity securities during the first six months of the year. The company also raised $25 billion through a bond offering in June. In September, Nvidia agreed to acquire Hugging Face for $12.93 billion.
Cash returns rise alongside AI investments
The buyback announcement followed Nvidia’s August earnings report, when the company forecast about $108 billion in third-quarter revenue and said the outlook assumed no data center compute revenue from China.
Nvidia shares rose more than 2% after the repurchase announcement, Reuters reported, while broader U.S. indexes traded lower. Nvidia’s filings say repurchases can be made through open-market purchases, privately negotiated transactions, trading plans or structured agreements.
The program can also be adjusted or suspended depending on market conditions, operating requirements, and other investment opportunities.
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