The CEO just left, the stock has fallen a quarter in a month, and earnings are due Tuesday.
Nvidia ($NVDA ) will report its Q3 fiscal 2027 earnings after the U.S. market closes on Tuesday, November 17. The market expects EPS of around $2.47–$2.52 and revenue of approximately $108.7–$111.2 billion, with slight differences among data providers. Last quarter, it posted EPS of $2.22 and revenue of $96.2 billion, beating expectations by 6.2%. It has beaten expectations in each of the past four quarters.
But the mood is completely different this time: The stock closed at $162.85 on Friday, after briefly falling to $158.39 intraday before recovering to above $160 near the close. It is down about 10.3% over five trading days and about 26.4% over the past month, and has fallen roughly 33% from its October 6 high of $243.37. Jensen Huang suddenly resigned on November 12, so the conference call will have to address more than just the numbers—it will also need to cover succession plans and whether AI demand is losing momentum.
The options market is pricing in an implied move of about 8.8% in either direction for this earnings report, corresponding to a range of $147 to $175. Even the market admits it doesn’t know which way the stock will go this time.
My take: This earnings report will test not just Nvidia, but the valuation of the entire AI narrative. If the numbers beat expectations and the conference call reassures investors about succession and demand, the stock will have a basis for a rebound from its current level of $162. But if the numbers disappoint or the call sidesteps key questions, $147 is the next stop. Buying in ahead of earnings means betting on the most uncertain direction at the moment when the news is least certain. Waiting until after Tuesday’s close, when the results are out, and then assessing the numbers and the call seems more sensible than betting in advance.
Data as of: 2026-11-14 10:13 UTC
For informational purposes only; not investment advice.
Nvidia ($NVDA ) will report its Q3 fiscal 2027 earnings after the U.S. market closes on Tuesday, November 17. The market expects EPS of around $2.47–$2.52 and revenue of approximately $108.7–$111.2 billion, with slight differences among data providers. Last quarter, it posted EPS of $2.22 and revenue of $96.2 billion, beating expectations by 6.2%. It has beaten expectations in each of the past four quarters.
But the mood is completely different this time: The stock closed at $162.85 on Friday, after briefly falling to $158.39 intraday before recovering to above $160 near the close. It is down about 10.3% over five trading days and about 26.4% over the past month, and has fallen roughly 33% from its October 6 high of $243.37. Jensen Huang suddenly resigned on November 12, so the conference call will have to address more than just the numbers—it will also need to cover succession plans and whether AI demand is losing momentum.
The options market is pricing in an implied move of about 8.8% in either direction for this earnings report, corresponding to a range of $147 to $175. Even the market admits it doesn’t know which way the stock will go this time.
My take: This earnings report will test not just Nvidia, but the valuation of the entire AI narrative. If the numbers beat expectations and the conference call reassures investors about succession and demand, the stock will have a basis for a rebound from its current level of $162. But if the numbers disappoint or the call sidesteps key questions, $147 is the next stop. Buying in ahead of earnings means betting on the most uncertain direction at the moment when the news is least certain. Waiting until after Tuesday’s close, when the results are out, and then assessing the numbers and the call seems more sensible than betting in advance.
Data as of: 2026-11-14 10:13 UTC
For informational purposes only; not investment advice.
