Nvidia Reports Q3 Results Tuesday, Its First Since Huang's Exit; Analysts Expect About $109 Billion in Revenue

Nvidia will report its fiscal third-quarter results after the market closes on Tuesday, Nov. 17, 2026, its first earnings release since co-founder Jensen Huang resigned as chief executive on Nov. 12. The report covers the quarter that ended in October and will be delivered under interim CEO Colette Kress, who has served as Nvidia's chief financial officer since 2013.

What Wall Street expects

Analysts surveyed by Visible Alpha expect revenue of $109.4 billion and net income of about $60.9 billion, Investopedia reported. In August, Nvidia forecast third-quarter revenue of $108 billion, plus or minus 2%, and gross margins of about 74%, according to a Saxo week-ahead note, which said sales are expected to roughly double from a year earlier.

The Zacks consensus calls for earnings of $2.49 a share, up 91.5% from a year earlier, on revenue of $108.99 billion, an increase of 91.2%, according to a Zacks preview published on Yahoo Finance. Zacks said its most accurate estimate sits slightly below that consensus, giving the company an earnings expected surprise prediction of minus 0.55%.

A stock under pressure

The results arrive after one of the most turbulent weeks in Nvidia's history as a public company. The shares fell more than 12% during the week, their sixth straight weekly decline and the longest losing streak since 2012, The Straits Times reported, erasing about $700 billion of market value. The newspaper said the chipmaker has lost about $1.8 trillion in market value since October.

Nvidia closed Friday, Nov. 13, at about $163 and was more than 30% below its October record high, according to Investopedia. Based on options pricing at Friday's close, Investopedia calculated that traders expect the stock to move about 8% in either direction by the end of next week, a range that would take it above $176 or below $150.

Huang stepped down as president, chief executive and board member after reports of extramarital affairs, including a relationship with a businesswoman whom U.S. officials reportedly suspect of spying for China. Nvidia named Kress interim CEO while its board searches for a permanent successor and appointed longtime director Harvey C. Jones as board chair. The company said its third-quarter results remained scheduled for Nov. 17.

What investors will watch

Beyond the headline numbers, the earnings call is expected to focus on leadership. Investors will listen for clarity on succession plans, CNBC reported, adding that Ian Buck, Nvidia's vice president of hyperscale and high-performance computing, is emerging as an early favorite for the top job. Investopedia said investors may also watch for commentary on Nvidia's opportunity in China, given the reported links between Huang and an executive at an Nvidia partner.

Saxo's Neil Wilson listed four overhangs on the shares: succession risk after losing a key figure, regulatory scrutiny from congressional and potentially FBI investigations, the effect of the leadership change on the broader artificial intelligence trade, and execution risk for a new CEO. He said demand for Blackwell chips should continue to drive data center revenue, while there are questions about the outlook for the next-generation Vera Rubin architecture.

"The Nvidia story is now idiosyncratic," Mark Hackett, chief market strategist at Nationwide Investment Management Group, told CNBC. "There's a lot of nervousness priced in right now, and the good news is, the market has proven its ability to withstand idiosyncratic but painful moves in tech." CNBC noted that the S&P 500 technology sector rose more than 2% during the week, snapping a five-week slump, as investors rotated into other technology names such as Apple, Advanced Micro Devices and Broadcom.

A busy week for the AI trade

Nvidia's results are one of two major tests of investor appetite for artificial intelligence stocks in the coming days. Anthropic is expected to price its initial public offering on Wednesday in a range of $70 to $78 a share and begin trading on Thursday on the Nasdaq Global Select Market under the ticker "ANT," CNBC reported.

Home Depot and Walt Disney also report on Tuesday, alongside October U.S. retail sales and industrial production data. Minutes of the Federal Reserve's October meeting are due on Wednesday, and Walmart reports on Thursday, according to CNBC's weekly calendar.