Key Highlights

  • Nvidia (NASDAQ:NVDA) will report third quarter fiscal 2027 results on Tuesday, November 17, 2026, with its call set for 5 PM Eastern.
  • Colette Kress, the chief financial officer, is interim chief executive after Jensen Huang resigned on November 12, so this is her first call in the top role.
  • The company guided third quarter Revenue to USD 108 billion, plus or minus 2%, which implies growth near 90% from the year-earlier quarter.
  • The shares closed at USD 166.19 on Thursday, down 4.34% and about 31% below the October 6 record close of USD 239.24.

The Numbers the Market Expects

The Earnings report arrives five days after a Leadership shock, but the financial bar was set before it. Management guided third quarter revenue to USD 108 billion, plus or minus 2%, after first half fiscal 2027 revenue of about USD 96 billion, which was up roughly 85%. The year-earlier quarter produced about USD 57 billion, so the guide implies growth near 90%. Investors will compare reported revenue, Data Center sales, gross Margin and the fourth quarter outlook against those marks. One outside forecaster expects sales growth of about 91%, a figure that should be treated as an estimate. Because the stock has already fallen sharply, a result that meets guidance may be enough to steady sentiment, while a miss or a soft fourth quarter forecast would likely be punished given the uncertainty around leadership. Management usually frames its outlook for the next quarter with a revenue range, and the midpoint will be compared with the consensus built after the guidance. Gross margin is another focus, since higher memory costs and the ramp of new systems can compress it even when revenue is strong.

What Kress Needs to Address

Kress has been chief financial officer since September 2013 and has spent about 25 years in finance roles in technology, so the financial presentation is familiar territory. The harder part is the strategic content. She is expected to explain continuity of the product roadmap, customer commitments and Supply plans, along with how the board will run the search for a permanent chief executive, which will consider internal and external candidates. Analysts and investors will also ask about export policy, since reports said China's access to Nvidia chips is in doubt, and about a reported Justice Department antitrust probe, which has not been confirmed by the company. Clear answers on governance, including the role of Harvey Jones as the first independent chair, could do as much for the stock as the revenue number. Kress is also expected to address whether she is a candidate for the permanent role, a point the company has not yet commented on. Any detail on how decisions will be made between now and the appointment of a successor would help reduce uncertainty for customers.

How the Setup Looks

Before the news, Nvidia closed at USD 186.64 on November 6, and the Thursday close was about 11% below that level. The Market Value was near USD 4.0 trillion, ahead of Microsoft at about USD 3.88 trillion. After hours on Thursday the shares traded near USD 167.84, up about 1%. The company's own guidance and Demand indicators from large customers and neocloud operators remain strong, and several peers raised outlooks this week. Risks include customer concentration, margin pressure, competition from custom chips and the sensitivity of the stock to headlines. For many investors the event is a test of whether the Franchise functions independently of its founder. The reaction will also influence AMD, Broadcom, memory suppliers and the neocloud group. Options markets will also matter, because large implied moves around the report can drive hedging flows in the underlying shares.

Where Things Stand

Nvidia reports on November 17 with guidance for USD 108 billion of revenue and a new interim leader on the call. Investors want clean numbers, a firm fourth quarter outlook and clarity on succession, export policy and governance. The result will set direction for the wider AI trade.