On May 20, 2026, NVIDIA reported Q1 adjusted EPS of $1.87, ahead of the consensus estimate of $1.77, and revenue of $81.6B, above the consensus estimate of $79.12B.
On May 21, 2026, Raymond James raised its price target on NVIDIA to $330 from $323 and maintained a Strong Buy rating, citing stronger-than-expected Q1 results and Q2 guidance driven by inference-led growth. BofA also raised its price target to $350 from $320 and maintained a Buy rating, lifting FY27 and FY28 pro-forma EPS estimates by 9% and 15%, respectively.
NVIDIA announced an $80B buyback authorization and a dividend increase from 1c to 25c per share. CEO Jensen Huang stated that the buildout of AI factories is 'accelerating at extraordinary speed' and that agentic AI (AI systems that autonomously complete tasks) is scaling across companies and industries.
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