Nvidia stock heads into its most important week of the year in unusual shape. The company reports fiscal 2027 third-quarter results on Tuesday, November 17, after the US market close, one day before the briefing Congress requested from CEO Jensen Huang. Here is what you need to know before the report.
What do analysts expect?
Consensus stands at adjusted earnings of about $2.47 to $2.49 per share and revenue of about $108.8 billion, according to tracking sites. That implies growth of about 90% in revenue and earnings from a year earlier. Results are expected around 4:20 p.m. Eastern Time, with the investor call starting at 5:00 p.m.
What happened to the stock this week?
On Monday, November 9, Nvidia stock fell 4.3% to close at $178.67 after the board opened an investigation surrounding Huang. According to MarketPulse, the stock broke below its 200-day moving average, a technical signal many investors watch. On Tuesday it kept falling, as hotter-than-expected US inflation data weighed on all tech stocks.
How much could the stock move?
According to the options market, investors are pricing a move of about 10.6% in either direction after the report, more than Nvidia's historical average earnings-day move of about 7.8%. In other words: the market expects an especially stormy day.
Why is this time different?
In a normal report, the key question is next-quarter guidance and demand from the cloud giants. This time there are more questions: will management address the Huang affair and Megaspeed? Is there a risk of tighter export controls on China? And will Huang himself lead the investor call as usual? Any evasive answer could be punished.
What to look for in the report?
Three things: revenue guidance for next quarter, which shows whether AI demand is holding; gross margin, which shows whether Nvidia keeps its pricing power; and what management says about China and export controls. Results from CoreWeave, one of Nvidia's large customers, showed this week that compute demand is still strong, a positive sign.
And why does it matter for Israel?
Nvidia is one of the largest employers in Israeli tech, with a development center built in part on the Mellanox acquisition. Thousands of employees in Israel hold company stock, and Israeli chip stocks such as Nova, Camtek and Tower tend to move with Nvidia. Earnings day will be felt in Tel Aviv too. This article is not investment advice.
