Nvidia Earnings Preview: What Tuesday’s Q3 Report Covers, and What Wall Street Expects
By Tech & Money Press · Earnings preview · November 14, 2026
Nvidia will report results for its fiscal third quarter on Tuesday, Nov. 17, after the market closes. The company said in its Nov. 12 announcement that results will come out at about 1:20 p.m. PT (4:20 p.m. ET), followed by a conference call at 2 p.m. PT (5 p.m. ET), “as previously scheduled.”
It is an unusual setup. The quarter ended Oct. 25, before the leadership change, so the numbers themselves cover a period under the previous CEO. The outlook and the call will be the first under interim CEO Colette Kress. Here is what the report covers and what analysts expect.
What Wall Street expects
- Revenue: about $109.2 billion, per LSEG consensus as reported by IG and cited by Capital Side Notes and Pip Theory. Webull’s compiled estimate is about $108.7 billion.
- Adjusted EPS: about $2.48 per share (LSEG via IG). Webull’s compiled estimate is about $2.47.
- A year ago: revenue was $57.0 billion and adjusted EPS was $1.30, according to the same previews.
Estimates differ slightly by provider. We show the ranges rather than one exact figure.
Nvidia’s prior-year and last-quarter revenue, its Q3 guidance and LSEG consensus. Sources: NVIDIA, LSEG via IG.
What Nvidia guided in August
Nvidia’s own outlook, from its Aug. 26 second-quarter release, is the other benchmark:
- Revenue: $108.0 billion, plus or minus 2%, which is about $105.8 billion to $110.2 billion.
- China: the outlook assumes no data center compute revenue from China.
- Gross margin: 74.0%, plus or minus half a point, compared with 75.0% in the second quarter.
- Operating expenses: about $9.2 billion GAAP and $9.0 billion non-GAAP.
For the second quarter, Nvidia reported revenue of $96.2 billion, up 106% from a year earlier, with data center revenue of $89.0 billion, up 117%. GAAP EPS was $2.46 and non-GAAP EPS was $2.22, the company said.
The interim CEO
On Nov. 12, Nvidia’s board said Jensen Huang had resigned as president, CEO and director, effective immediately. CFO Colette Kress, who joined Nvidia in 2013, is interim CEO and remains CFO while the board searches for a permanent successor. Harvey C. Jones was named the board’s first chair.
In the announcement, the board said it expects “operations, customer commitments and product roadmap to continue without interruption.” Tuesday’s call is the first public chance for management to discuss the transition with analysts. We are not reporting on the reasons for Huang’s departure beyond what the company has said.
China and export issues
China has already been removed from Nvidia’s outlook. In August the company said Hopper shipments to China were less than 1% of data center revenue, and that its guidance assumed no China data center compute revenue.
A separate issue came up on Friday. Bloomberg reported that 22 Dell servers with Nvidia H800 chips, a chip restricted from sale to China in 2023, were sold to a Singapore company and later appeared in filings at a Shanghai data center. Dell told Bloomberg it stopped sales to that customer in February 2025, according to accounts of the report. Nvidia was not accused of wrongdoing in those accounts. We covered that report in our AMD story and cannot independently verify the documents.
How the stock comes into the report
Nvidia closed Friday at $162.85, according to Webull:
- This week: down 12.8% from $186.64.
- From the high: about 33% below the 52-week high of $243.37, set on Oct. 6.
- The low: on Thursday the stock touched $148.80, its 52-week low, then closed at $166.19.
- Volume: about 748 million shares traded Thursday, the heaviest day on the chart.
Other chip stocks went the other way for most of the week. AMD and Broadcom each rose about 18% for the week before falling on Friday, as we covered in our weekly recap.
NVIDIA (NVDA) daily chart with recent highs and lows. Data: Webull.
What’s Next
The report comes out Tuesday at about 4:20 p.m. ET, with the call at 5 p.m. ET. These are the lines the report will cover:
- Revenue against the $105.8 billion to $110.2 billion guidance range and the roughly $109 billion consensus.
- Data center revenue, which was $89.0 billion last quarter.
- Gross margin against the 74% guidance.
- The fourth-quarter outlook. It is the first one issued under the interim CEO.
- Any comments on China, export rules and the leadership change.
The first full trading session after the report is Wednesday, Nov. 18.
Disclaimer: This article is for news and educational purposes only and is not financial advice. It does not predict results or stock moves. Price levels are shown as reference points from past trading, not as recommendations to buy or sell. Tech & Money Press is not a registered investment advisor. Trading stocks involves risk, including the loss of your investment. Do your own research and consult a licensed professional before making any investment decisions. For news and education only. Not financial advice.
Sources: NVIDIA newsroom, CEO transition announcement (Nov. 12, 2026); NVIDIA Q2 fiscal 2027 press release and CFO commentary (Aug. 26, 2026); LSEG consensus via IG, as cited by Capital Side Notes and Pip Theory; Webull (daily bars, Nov. 13 close, analyst estimates; retrieved Nov. 14, 2026); Bloomberg report as relayed by Quartz, Engadget and Benzinga.
Cover photo: nanadua11 / Pixabay.