NVIDIA raises share-repurchase authorization by $150 billion

NVIDIA’s board added $150 billion to the chipmaker’s existing share-repurchase program, the company announced, bringing the remaining authorization to $235 billion.

NVIDIA said it expects to execute the remaining program through fiscal 2028. The release did not commit the company to a minimum purchase amount, purchase cadence or specific transaction dates. That makes the timeline an expectation, not a guarantee that the full authorization will be used on that schedule.

In its latest quarterly filing, NVIDIA reported $74.421 billion in operating cash flow for the six months ended July 26, 2026, up from $42.779 billion a year earlier. The company repurchased 203 million shares for $39.8 billion during that period, including 94 million shares for $19.7 billion in the second quarter.

As of July 26, NVIDIA had $99.3 billion remaining under its previous authorization, including an $80 billion increase approved in May. It also reported $56.586 billion in cash, cash equivalents and marketable debt securities, alongside $42.8 billion in marketable equity securities.

NVIDIA’s second-quarter results showed revenue of $96.221 billion, up 106% from a year earlier, while Data Center revenue rose 117% to $89.0 billion. NVIDIA said it returned about $26.0 billion to shareholders through repurchases and cash dividends during the quarter.

The company’s most recent filing before the new board action said purchases could be made in the open market, through privately negotiated transactions, under Rule 10b5-1 plans or through structured agreements. Execution would depend on market conditions, operating requirements and investment opportunities, NVIDIA said, and the program could be suspended at its discretion.

Chief Executive Jensen Huang said NVIDIA’s cash generation gives it capacity to invest in AI and accelerated computing while returning capital to shareholders. He described the larger authorization as reflecting the company’s confidence in its long-term opportunity.