Colette Kress on dividend increase
From NVIDIA Corp ($NVDA) Q1 2027 Earnings Call · · Castify Earnings Call
“Given confidence in our long-term free cash flow outlook and our commitment to sharing our success with shareholders, we are increasing our quarterly dividend from 1 cent to 20 cents per share. We plan to review our dividend on a regular basis as we continue to scale our business. We are also announcing an 80 billion share repurchase authorization which is in addition to the 39 billion remaining on our current plan.”
On , Colette Kress, Executive VP & CFO at NVIDIA, spoke about dividend increase during NVIDIA Corp ($NVDA) Q1 2027 Earnings Call on Castify Earnings Call.
About Colette Kress
Colette Kress, executive vice president and chief financial officer of Nvidia, participated in the company's first-quarter fiscal 2027 earnings call on May 20, 2026, and in a subsequent interview with Yahoo Finance. Kress reported that Nvidia delivered what she described as "an exceptional quarter," with total revenue of $82 billion, up 85% year-over-year and 20% sequentially. She stated that the company was increasing its quarterly dividend from 1 cent to 20 cents per share and announcing an $80 billion share repurchase authorization. Kress also provided an outlook for the second quarter, forecasting total revenue of $91 billion, plus or minus 2%, driven primarily by data center growth. During the earnings call and interview, Kress discussed Nvidia's CPU business, saying the company had "visibility to nearly $20 billion in total CPU revenue this year" and that the Vera CPU opened a "brand new $200 billion TAM" for Nvidia. She noted that customers were looking at both standalone CPUs and those integrated with the Grace Blackwell and Vera Rubin platforms. Regarding China, Kress stated that while the U.S. government had approved licenses for H200 shipments to China-based customers, Nvidia had "yet to generate any revenue" and was not including any China data center compute revenue in its outlook.