Nvidia posts $46bn revenue, plans $60bn share buyback

Nvidia Corporation has posted revenue of $46.7 billion for the second quarter (Q2) of its fiscal year ending July 27.

The figure represents a 6 percent increase from the previous quarter and 56 percent higher than the same period last year.

In a statement on Wednesday, the chipmaker firm said revenue growth was largely driven by demand for its Blackwell Data Centre platform, which rose 17 percent sequentially.

Nvidia said there were no H20 chip sales to China-based customers during the quarter, but the company recorded a $180 million release of previously reserved H20 inventory from approximately $650 million in unrestricted sales to a customer outside China.

On August 10, Nvidia and AMD agreed to give the United States government 15 percent of their revenue from advanced chips sold to China in return for export licences to the key market.

The H20 chip was developed specifically for the Chinese market after US export restrictions were imposed by the Biden administration in 2023.

Sales of the chip were effectively banned by Donald Trump’s government in April 2025.

However, Trump’s response to the move has been uncertain.

The chipmaker’s financial statement further showed that net income surged 59 percent year-on-year to $26.4 billion, compared to $16.6 billion in the same quarter of 2024, while diluted earnings per share rose 61 percent to $1.08.

Jensen Huang, founder and chief executive officer (CEO) of Nvidia, said demand for Blackwell has been extraordinary.

“Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap,” he said.

“The AI race is on, and Blackwell is the platform at its centre.”

NVIDIA EXPANDS SHARE BUYBACK TO $60BN

Nvidia also announced plans to buyback $60 billion worth of stock.

Share repurchase or buyback is a corporate action where a company buys its own outstanding shares from the open market or through a tender offer, reducing the total number of shares available to the public.

It is usually a return on surplus cash to shareholders, boosting earnings per share (EPS) by spreading profits over fewer shares.

Stock repurchase programmes majorly indicate rising confidence among corporate executives.

During the first half of the year, Nvidia said it returned $24.3 billion to shareholders through share repurchases and dividends.

As of the end of Q2, the company had $14.7 billion left under its existing share repurchase programme.

“On August 26, 2025, the Board of Directors approved an additional $60.0 billion to the Company’s share repurchase authorisation, without expiration,” Nvidia said.

Nvidia also said that it will pay a cash dividend of $0.01 per share on October 2 to shareholders on record as of September 11.