Nvidia Board Approves Additional $150 Billion Share Buyback Through Fiscal 2028

Nvidia's Board of Directors authorized an additional $150 billion under the company's existing share repurchase program on September 28, calling it a record-breaking expansion of the plan. The addition brings the total remaining authorized repurchase amount to a figure the company intends to execute through fiscal year 2028, which ends in January of that year.

The announcement comes on the back of extraordinary cash generation tied to Nvidia's dominance in AI and accelerated computing. The company had already returned approximately $26 billion to shareholders during the second quarter of fiscal 2027 alone through repurchases and dividends, and had roughly $99 billion remaining under its prior authorization at quarter's end before this new increment was added. Nvidia also pays a quarterly cash dividend of $0.25 per share, with the next payment scheduled for October 1, 2026.

Executives framed the authorization as a direct expression of confidence in AI's long-term growth trajectory, citing a platform shift to AI and accelerated computing, the proliferation of frontier AI labs scaling in parallel, a thriving open-model ecosystem, and the ramp of physical AI. Nvidia's Vera Rubin architecture is described as being in full production.