Analysts from Evercore ISI project that Nvidia will return $115 billion to shareholders in 2026 and $230 billion in 2027. This shift is driven by high demand for AI technologies, which has significantly increased the company's free cash flow.
In the fiscal second quarter ending July 2026, Nvidia distributed a record $26 billion, comprising $20 billion in stock repurchases and $6 billion in dividends. The company maintains a policy of returning at least 50% of its annual free cash flow to investors.
In May 2026, Nvidia increased its quarterly dividend from $0.01 to $0.25 per share. The company currently holds approximately $99 billion in remaining stock repurchase authorization. Jim Cramer has publicly suggested expanding the buyback program to $500 billion.
Analysts suggest that these increased returns could lead to a valuation re-rating for Nvidia, similar to the P/E expansion experienced by Apple after 2015. Meanwhile, John Ternus officially assumed the role of Apple CEO on September 1, 2026.
