Why does NVIDIA report buybacks and dividends combined?

NVIDIA groups both returns as part of its overall capital return strategy. In Q2 FY27, approximately $26.0 billion was returned via shares repurchased plus cash dividends. The filing separates dividend payments ($6.047 billion in Q2) and stock repurchase payments ($19.732 billion in Q2) in the cash flow statement, but announces them together as shareholder returns.

How much authorization does NVIDIA have left?

As of July 26, 2026, NVIDIA had approximately $99.0 billion remaining under its share repurchase authorization. This is disclosed in the earnings release but the filing does not specify the total authorized amount or when the authorization was granted.

What was the average price paid per share in Q2?

The filing does not disclose the average price, total shares repurchased, or execution mechanism for Q2 FY27. Only the dollar amount ($19.732 billion in Q2) is provided in the condensed consolidated cash flow statement.

Does NVIDIA use 10b-18 open-market purchases for its buybacks?

The filing does not specify the execution mechanism. It is common for large-cap tech firms to use Rule 10b-18 open-market purchases or 10b5-1 plans, but this filing provides no detail on NVIDIA's method.

How do buybacks affect NVIDIA's per-share earnings?

Buybacks reduce the weighted average share count used in earnings-per-share calculations. NVIDIA's diluted shares outstanding decreased from approximately 24.532 billion in Q2 FY26 to 24.285 billion in Q2 FY27, supporting year-over-year growth in diluted EPS even if net income growth is lower.

Will NVIDIA request a new buyback authorization soon?

The filing does not discuss plans for a new authorization. With $99 billion remaining, NVIDIA has substantial room to continue buybacks at historical rates for multiple quarters without seeking board approval for a new program.

NVDA 8-K Filed 2026-08-26 Execution disclosure

NVIDIA repurchased shares during Q2 FY27; $99B authorization remains

Tech giant returned $26B to shareholders in Q2 through buybacks and dividends, leaving substantial room under existing authorization.

Remaining$99.0B

MechanismNot specified

What the filing says

NVIDIA reported in its second-quarter fiscal 2027 earnings release that the company returned approximately $26.0 billion to shareholders during the quarter in the form of shares repurchased and cash dividends. As of the end of the second quarter ended July 26, 2026, NVIDIA had approximately $99.0 billion remaining under its share repurchase authorization.

The filing does not disclose the specific number of shares repurchased during Q2 FY27, the average price paid per share, or the execution mechanism (whether Rule 10b-18 open-market purchases, 10b5-1 plan, or other method). The cash flow statement shows that NVIDIA paid $19.732 billion related to repurchases of common stock in the three-month period, and $39.044 billion in the six-month period ended July 26, 2026, alongside dividend payments of $6.047 billion and $6.290 billion respectively.

NVIDIA also announced its next quarterly cash dividend of $0.25 per share, payable October 1, 2026, to shareholders of record on September 10, 2026.

During the second quarter of fiscal 2027, NVIDIA returned approximately $26.0 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had approximately $99.0 billion remaining under its share repurchase authorization. — NVIDIA CORP 8-K filing · View on SEC EDGAR →

What this means

NVIDIA's $26 billion shareholder return in Q2 FY27 reflects strong cash generation amid record revenue of $96.2 billion. The $99 billion remaining authorization—unchanged from the amount disclosed—indicates the company has ample capacity for future buybacks without seeking new board approval. At current share count (approximately 24.3 billion diluted shares), the remaining authorization represents roughly 4% of market capitalization. Buybacks reduce share count and support per-share metrics, though they do not directly affect underlying business performance or valuation.

Frequently asked questions

Why does NVIDIA report buybacks and dividends combined?: NVIDIA groups both returns as part of its overall capital return strategy. In Q2 FY27, approximately $26.0 billion was returned via shares repurchased plus cash dividends. The filing separates dividend payments ($6.047 billion in Q2) and stock repurchase payments ($19.732 billion in Q2) in the cash flow statement, but announces them together as shareholder returns.
How much authorization does NVIDIA have left?: As of July 26, 2026, NVIDIA had approximately $99.0 billion remaining under its share repurchase authorization. This is disclosed in the earnings release but the filing does not specify the total authorized amount or when the authorization was granted.
What was the average price paid per share in Q2?: The filing does not disclose the average price, total shares repurchased, or execution mechanism for Q2 FY27. Only the dollar amount ($19.732 billion in Q2) is provided in the condensed consolidated cash flow statement.
Does NVIDIA use 10b-18 open-market purchases for its buybacks?: The filing does not specify the execution mechanism. It is common for large-cap tech firms to use Rule 10b-18 open-market purchases or 10b5-1 plans, but this filing provides no detail on NVIDIA's method.
How do buybacks affect NVIDIA's per-share earnings?: Buybacks reduce the weighted average share count used in earnings-per-share calculations. NVIDIA's diluted shares outstanding decreased from approximately 24.532 billion in Q2 FY26 to 24.285 billion in Q2 FY27, supporting year-over-year growth in diluted EPS even if net income growth is lower.
Will NVIDIA request a new buyback authorization soon?: The filing does not discuss plans for a new authorization. With $99 billion remaining, NVIDIA has substantial room to continue buybacks at historical rates for multiple quarters without seeking board approval for a new program.

execution mega-cap tech-sector capital-return Q2-FY27

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.