Stocks · 15 November 2026 · 8 min · By Camila Restrepo Osorio
Nvidia Earnings Preview Nov. 17: Date, Time, What to Expect
Nvidia earnings preview for Nov. 17: release time, $108 billion guidance vs. consensus, the options-implied expected move and what to watch after Huang's exit.
In short: Nvidia reports results for the third quarter of fiscal 2027 on Tuesday, Nov. 17, 2026, after the Wall Street close (at around 4:20 p.m. ET, or 21:20 GMT). The company's own guidance points to $108 billion of revenue, and the consensus expects slightly more, about $109 billion, with adjusted earnings of $2.47-2.49 per share. It will be the first report without Jensen Huang as chief executive, and options are pricing in a move of between 6.7% and 9.6%.
Nvidia's Nov. 17 earnings report comes after its worst week in years, triggered by the departure of its founder rather than by the business: the stock closed on Friday, Nov. 13, at $162.85, 12.75% lower than a week earlier, following Jensen Huang's resignation on Thursday, Nov. 12. The question for the market is no longer just whether Nvidia beats expectations, but whether the numbers are strong enough to separate the business from the scandal.
Nvidia earnings date and time
Nvidia reports results for the quarter ended Oct. 25, 2026, on Tuesday, Nov. 17, after the close of trading in New York. According to the company's official announcement, written commentary from chief financial officer Colette Kress will be posted on the investor relations website as soon as the results are released, at around 1:20 p.m. PT. The analyst call starts at 2 p.m. PT (5 p.m. ET).
| Event | US time | London (GMT) | Madrid/Paris (CET) |
|---|---|---|---|
| Wall Street close | 4 p.m. ET | 21:00 | 22:00 |
| Results and CFO commentary | 1:20 p.m. PT / 4:20 p.m. ET (approx.) | 21:20 (approx.) | 22:20 (approx.) |
| Analyst call | 2 p.m. PT / 5 p.m. ET | 22:00 | 23:00 |
The first reaction will show up in US after-hours trading and in Nasdaq 100 CFDs that trade overnight; the full session on Wednesday, Nov. 18, will be the first real test. You can track the rest of the week's events on our economic calendar.
Nvidia Q3 earnings expectations: revenue, EPS and margin
The market expects revenue of around $109 billion, slightly above Nvidia's own guidance ($108 billion, plus or minus 2%), a gross margin close to 74% and adjusted earnings of about $2.47-2.49 per share. A beat on those numbers is almost taken for granted; what will decide the reaction is the outlook for the November-January quarter.
| Metric | Q2 fiscal 2027 (actual) | Q3: Nvidia guidance | Q3: consensus |
|---|---|---|---|
| Revenue | $96.2 billion (+106% year on year) | $108 billion ±2% ($105.84-110.16 billion) | $108.8-109 billion |
| Data center | $89.0 billion (+117%) | Not broken out | — |
| Gross margin | 75.0% | 74.0% ±0.5 points | Around 74% |
| Adjusted EPS | $2.22 | No guidance given | $2.47-2.49 |
Sources: Nvidia's second-quarter earnings release and estimates compiled by MarketBeat, Zacks and Earnings Whispers.
To put those figures in context: guidance of $108 billion implies roughly 12% sequential growth from the $96.2 billion reported last quarter and a near doubling of the $57 billion booked in the same quarter of 2025. That is slower quarter-on-quarter growth than the 18% posted in the second quarter, and the market will be watching whether the slowdown is confirmed or whether Nvidia surprises to the upside again.
An accounting detail worth knowing
Since the first quarter of fiscal 2027, Nvidia no longer excludes stock-based compensation from its adjusted figures. That is why its adjusted earnings sit below its reported (GAAP) earnings ($2.22 versus $2.46 per share in the second quarter), and why comparisons with earlier years are not like for like. In addition, according to OANDA's earnings preview, second-quarter reported profit was supported by about $7.8 billion of pre-tax gains on its stakes in other companies, an item that has nothing to do with selling chips.
Five things that will move Nvidia stock
- The fourth-quarter outlook. Historically, this carries the most weight in the reaction. Guidance that merely matches what analysts already expect could be read as a disappointment for a stock that is already battered and has lost its founder at the helm.
- Gross margin and Vera Rubin. Nvidia expects 74%, one point lower than in the second quarter. The ramp-up of the Vera Rubin platform and shortages of memory and components are weighing on margins; any figure below the guidance range would be a negative signal.
- Data center and hyperscaler concentration. The data center business accounts for about 90% of revenue. The fourth-quarter outlook is the number to watch here: sustaining 12% quarter-on-quarter growth on top of $108 billion would require guidance of about $121 billion; guidance clearly below that would signal that growth is slowing. The market will want to hear whether Microsoft, Alphabet, Amazon and Meta are keeping up their orders amid the debate over artificial intelligence spending.
- China, excluded from guidance. The outlook assumes no data center compute chip sales in China. Any news on export licenses would be an upside the guidance does not include.
- The message from the new leadership. This is the first call with Colette Kress as interim chief executive, while remaining CFO. The board, now chaired by Harvey C. Jones, is looking for a permanent successor among internal and external candidates. Analysts will ask about the succession plan, the independent investigation commissioned by the board and whether Huang's exit affects customers and partners.
How much could Nvidia stock move after earnings?
Options are pricing in a move of between 6.7% and 9.6% in either direction. The 6.7% figure is the Bloomberg-based estimate that Investing.com published on Nov. 10; the 9.6% figure reflects the Nov. 12 close, according to a study published by Benzinga, and would be the highest ahead of any Nvidia report since August 2024. Estimates vary by date and source, so treat them as an order of magnitude.
With the stock at $162.85, 6.7% is worth about $10.9 per share and 9.6% about $15.6. This is not a price forecast: it is what the options market is charging today for protection, and it will shift before Tuesday. The rise in the implied move shows that the uncertainty is no longer only about the business.
The most recent precedent is a reminder to be careful with averages. Ahead of the August 2026 results, options priced in 5.9% and the stock closed the following session up 8.7%. On other occasions the opposite has happened: the stock moved far less than options implied, and traders who bought volatility lost money even when they got the direction right.
Nvidia analyst downgrades after Jensen Huang's exit
At least six firms downgraded the stock between the evening of Wednesday, Nov. 11, and Thursday, Nov. 12, according to CNBC. Others have kept buy ratings but with much lower price targets.
| Firm | Rating | Price target |
|---|---|---|
| Bernstein | Cut to Market Perform | $200 (from $400) |
| Evercore ISI | Cut to In Line | $186 (from $465) |
| Melius Research | Cut to Hold | $185 (from $315) |
| Oppenheimer | Cut to Perform | No price target |
| William Blair | Cut to Market Perform | — |
| KeyBanc | Cut to Sector Weight | — |
| Citi | Reiterated Buy | $225 (from $285) |
| Stifel | Reiterated Buy | $205 (from $315) |
What stands out is that almost none of the downgrades are based on the business. Oppenheimer, for example, sees room to beat third- and fourth-quarter expectations, but believes fundamentals will take a back seat in the short term. In other words, analysts are not doubting Tuesday's numbers; they are questioning how much the market is willing to pay for them without the founder in charge.
Scenarios for the stock and the Nasdaq
Scenario 1: strong numbers and guidance above expectations
Revenue in the upper part of the guidance range and a fourth-quarter outlook above consensus would allow the market to refocus on the business. Even so, any rebound could fall short if the call does not clarify the succession.
Scenario 2: in line, but no surprise
Figures in line with guidance and a cautious outlook. For a stock that, according to CNBC, had fallen close to 25% in the month to Nov. 12, the market could read that as neutral or punish it for the lack of catalysts.
Scenario 3: a miss on margin or guidance
A gross margin below 73.5% (the bottom of the guidance range) or weak guidance would reinforce the view that the problem is not only about leadership. Given Nvidia's weight in the S&P 500 and the Nasdaq 100, the blow would be felt across the indices and the whole semiconductor sector.
What else is moving the stock market this week
Nvidia isn't the only event on the calendar. This week Walmart, Home Depot and Target release results that will gauge the health of the US consumer, and October retail sales and the minutes of the Federal Reserve's latest meeting are also due. All of this comes with the US 10-year Treasury yield above 5%, a level that weighs on the valuations of tech stocks priced on future earnings. The S&P 500 closed Friday down 0.4%.
Risks if you trade Nvidia earnings
- Overnight gaps: results are released after the market closes. A stop-loss does not protect you from a gap: it can be filled far from the level you set.
- Leverage: with CFDs or futures, a 9% move multiplied by leverage can wipe out an account in minutes. Read our risk warning.
- Volatility crush: after the announcement, implied volatility usually collapses. Options bought before the release can lose value even if the stock moves in the expected direction.
- News on the investigation: any development in the board's investigation or on the new chief executive could outweigh the numbers.
This article is for information only and is not a recommendation to buy or sell.
Frequently asked questions
When does Nvidia report earnings in November 2026?
On Tuesday, Nov. 17, 2026, after the Wall Street close. Results come out at around 4:20 p.m. ET (21:20 GMT) and the analyst call begins at 5 p.m. ET (22:00 GMT).
How much revenue does Nvidia expect in the third quarter?
The company forecasts $108 billion, plus or minus 2% (between $105.84 billion and $110.16 billion). The analyst consensus sits between $108.8 billion and $109 billion.
Who presents the results after Jensen Huang's exit?
Colette Kress, CFO since 2013 and interim chief executive since Nov. 12. She signs the written commentary that accompanies the figures.
How much could Nvidia stock move after earnings?
Options were pricing in between 6.7% (Nov. 10 data) and 9.6% (Nov. 12 close) in either direction. That is a market reference, not a forecast: in August 2026 the actual move (+8.7%) exceeded the implied one (5.9%).
Why does the outlook matter more than the quarter?
Because the market already assumes Nvidia will meet its own guidance. What changes valuations is what the company expects for the coming months, and this time also what the new leadership says about the continuity of the business.