Nvidia authorizes $150 billion in share buybacks, calling it "the largest share repurchase authorization increase in history"

By Kris Gunnars · Sep 28, 2026 8:12 AM ET

The board of directors of NVIDIA announced an authorization of an additional $150 billion of share repurchases on September 28, 2026 (1).

This lifts the remaining buyback authorization to $235 billion, and the company expects to execute this through fiscal year 2028, which ends in January, 2027.
In the press release, NVIDIA called the increase "the largest share repurchase authorization increase in history."
The press release also quoted CEO Jensen Huang saying (1):
- "NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing"
- "cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead"
Shares are up ~1% in premarket trading as of the time of this writing.
In July's 10-Q filing with the SEC, NVIDIA was authorized to repurchase up to $99.3 billion, after the board approved an additional $80.0 billion in May (2).
In the second quarter, the company bought back 94 million shares for $19.7 billion (2).
In the past year, NVIDIA's shares outstanding have decreased by about 1%, which indicates that buybacks are currently outpacing any dilution effect from share-based compensation.