Nvidia makes the chips behind much of the AI boom, so each quarterly report is read as a check on the whole AI trade, from chip stocks to the AI tokens many crypto traders follow. The third-quarter fiscal 2027 report is the next of those tests. It is due on Tuesday, November 17, 2026, after the US market closes, and it comes at a hard moment for the stock. Nvidia shares closed at $168.89 on November 10, down 19.4% since its last report on August 26 and below where they started the year (source: Yahoo Finance, Nvidia price history).
Two things drove most of that fall. AI stocks sold off after the US midterm elections on worries about limits on new data centers. Then Nvidia's board opened an investigation after news reports that chief executive Jensen Huang had been the target of a foreign intelligence effort (source: Nvidia, November 8, 2026).
On BloFin, the NVDAUSDT Perpetual follows Nvidia shares, and the NVDAX/USDT Spot market trades Tokenized Nvidia.
When does Nvidia report earnings?
Nvidia reports on Tuesday, November 17, 2026, after the US market closes. Results come out at about 4.20PM ET, or 9.20PM UTC, and the conference call starts at 5PM ET, or 10PM UTC (source: Nvidia, October 28, 2026). The report covers the quarter that ended October 25, 2026.
Time zone | Results | Conference call |
|---|---|---|
ET | About 4.20PM Tue | 5PM Tue |
UTC | About 9.20PM Tue | 10PM Tue |
Nvidia's fiscal year runs about a year ahead of the calendar. So this report covers August to October 2026, even though it is called the third quarter of fiscal 2027. Its last four results filings reached the SEC between 4.20PM and 4.31PM ET (source: SEC EDGAR, Nvidia filings). The earnings roundup for November 9 to 13 covers the reports that come before it.
What Nvidia guided for this quarter
Nvidia gives its outlook in the results release, and how earnings season works covers which numbers to check first. In August it guided third-quarter revenue to $108.0 billion, plus or minus 2%, and gross margin to 74.0%, plus or minus half a point (source: Nvidia, Q2 FY2027 release). Nvidia does not assume any data center compute sales to China in that outlook.
That guide followed a big quarter:
Revenue: $96.2 billion, up 18% from the previous quarter and 106% from a year earlier (source: Nvidia, Q2 FY2027 release).
Data center: $89.0 billion, up 117% from a year earlier. Nvidia now reports it in two parts: hyperscale, at $48.7 billion, and AI clouds, industrial and enterprise, at $40.3 billion (source: Nvidia, Q2 FY2027 CFO commentary).
Gross margin: 75.0%, a point above the new guide.
Adjusted earnings per share (EPS): $2.22 (source: Nvidia, Q2 FY2027 release).
The $108 billion midpoint would mean growth of about 12% from the July quarter and about 89% from a year earlier, our calculation from Nvidia's releases. Nvidia has beaten the midpoint of its own revenue guide in each of the last four reports, by 4.6% to 5.7% each time, our calculation from its last four releases (source: Nvidia, Q3 FY2026 release).
Nvidia Q3 FY2027 earnings preview: What analysts expect
Analysts expect another beat. The Zacks consensus is EPS of $2.49, from 13 estimates between $2.34 and $2.70 (source: Nasdaq, Nvidia earnings forecast). Earnings Whispers puts the revenue consensus at about $109 billion, just above Nvidia's midpoint, and its own whisper number for EPS at $2.60 (source: Earnings Whispers via Finviz, November 10, 2026).
Measure | Q3 FY2027 forecast | Q2 FY2027 actual | Q3 FY2026 actual |
|---|---|---|---|
Revenue | $108.0 billion ± 2% (Nvidia); about $109 billion (Earnings Whispers) | $96.2 billion | $57.0 billion |
Gross margin | 74.0% ± 0.5 points (Nvidia) | 75.0% | 73.6% |
Adjusted EPS | $2.49 (Zacks); $2.60 whisper (Earnings Whispers) | $2.22 | $1.30 |
Actual figures come from Nvidia's releases (source: Nvidia, Q2 FY2027 release, Nvidia, Q3 FY2026 release). Be careful with year-ago EPS. Since the start of this fiscal year, Nvidia's adjusted figures include stock-based pay, and older quarters have been restated lower. The $1.30 from a year ago was reported on the old basis, so comparing a new result with it understates the growth. Nvidia also gives no EPS guide. Any "EPS guidance" you see is a provider's own estimate.
What has happened since Nvidia's last report
The stock peaked at a closing high of $239.24 on October 6, then fell 29% to November 10 (source: Yahoo Finance, Nvidia price history). Four stories have shaped the stock since then: a board investigation, the midterm sell-off, new export rules and what Nvidia's biggest customers plan to spend.
The board investigation into Jensen Huang
On November 8, Nvidia's board said it was opening an independent investigation "in light of recent reporting" that Huang had been the target of a foreign intelligence effort (source: Nvidia, November 8, 2026). The board said it has "no reason to believe" that national security or Nvidia secrets were compromised. On November 10, the independent directors hired Joon H. Kim, a former acting US Attorney for the Southern District of New York, and his law firm Wachtell, Lipton to run it (source: Nvidia, November 10, 2026).
The reports come from The New York Times and the Financial Times. They say US intelligence officials have raised concerns that a woman linked to Megaspeed, an Nvidia customer, was passing information to Beijing (source: CNBC, November 8, 2026). Huang told staff he had an affair, without naming the woman, and that he supports the investigation (source: Nvidia, November 8, 2026, message to staff). China's foreign ministry called the claims "smears" (source: AP via La Nación, November 9, 2026).
Other threads have followed. CBS reported that the Justice Department is looking into Megaspeed over possible breaches of US chip export rules (source: CBS News, November 9, 2026). Three House committee chairs have asked Huang for a closed-door briefing on November 18, the day after the report (source: CNBC, November 8, 2026). A shareholder has also filed a proposed class-action lawsuit against Nvidia and Huang (source: AP via Yahoo Finance, November 10, 2026). The spying allegations and the lawsuit's claims are reported claims, not findings, and they have not been proven.
The midterm sell-off and data centers
On November 5, Nvidia fell 9.3% and was the biggest drag on an S&P 500 that lost 4.4%, its worst day since April 2025. Democratic wins in the midterms raised the chance that states could pause new data center construction (source: AP via La Nación, November 5, 2026). Data Center Watch, cited by AP, found that 12 of the 34 winning candidates for governor support bans or moratoriums (source: AP via La Nación, November 6, 2026). The stock then fell another 9.5% over November 9 and 10 as the investigation news spread (source: Yahoo Finance, Nvidia price history). AMD fell 17.3% on November 5 too, as the AMD Q3 2026 earnings preview covers.
China and export rules
The Information reported that White House officials gave congressional staff feedback in late October on new chip export limits being weighed for the annual defense bill (source: The Information via Finviz, November 10, 2026). The report did not establish that the administration had formally approved them. Raymond James analysts wrote in a note, quoted by AP, that the spy reports will likely bolster support in Congress for tighter limits on chip sales to China (source: AP via La Nación, November 9, 2026).
What Nvidia's biggest customers said
Big cloud companies are Nvidia's largest buyers, and their late-October reports were mixed. Microsoft cut its capital spending forecast for the year to $170 billion from $175 billion, and said delays at its GPU suppliers would push some capacity into the first half of 2027 (source: CNBC, October 29, 2026). Alphabet kept its range at $195 billion to $205 billion, and Meta raised the bottom of its range to $135 billion. CNBC said spending by the big cloud companies is expected to top $1 trillion next year.
What will move Nvidia stock after the report
The October-quarter numbers matter less than the outlook for the January quarter and beyond. Three things stand out going in: the January-quarter revenue guide as Vera Rubin ships, whether gross margin holds near the guide, and what Nvidia says about the board's investigation.
The January-quarter guide and Vera Rubin
Vera Rubin is Nvidia's next AI system, and Nvidia said in August that it was "now in full production" (source: Nvidia, Q2 FY2027 release). Inventory rose to $31.6 billion as Nvidia got ready to ship it (source: Nvidia, Q2 FY2027 CFO commentary). Zacks puts January-quarter EPS at $2.75 (source: Nasdaq, Nvidia earnings forecast). A revenue guide well above this quarter's $108 billion would suggest demand is holding up despite the sell-off.
Nvidia's gross margin
The guide already has margin slipping to 74% from 75%. Earnings Whispers reports that management expects margin to bottom at 71% to 72% in the January quarter, because memory costs have risen faster than Nvidia planned (source: Earnings Whispers via Finviz, November 10, 2026). A margin below 73.5%, the bottom of the guide, would raise questions about costs.
Questions about the investigation
Analysts are likely to ask about the board's review and about any customer or export issues tied to it. An Nvidia spokesperson said Huang "is committed to continuing to lead Nvidia as CEO without interruption" (source: AP via PBS, November 9, 2026). The board has not said when its review will end.
How Nvidia stock moved after its last four reports
Nvidia has beaten its own guide every time, but the stock fell after three of its last four reports. In November 2025 it opened 5.1% higher and still closed 3.2% lower (source: Yahoo Finance, Nvidia price history). Only August's report brought a clear rally, of 8.7% (source: Yahoo Finance, Nvidia price history).
Report | Nvidia shares, next session | Tokenized Nvidia (NVDAX), 24 hours | BloFin perpetual, 24 hours | Bitcoin, same 24 hours |
|---|---|---|---|---|
Q3 FY2026, November 19, 2025 | −3.2% | −3.2% | Not yet listed | −3.4% |
Q4 FY2026, February 25, 2026 | −5.5% | −5.7% | Not yet listed | −2.5% |
Q1 FY2027, May 20, 2026 | −1.8% | −1.7% | −1.7% | 0.0% |
Q2 FY2027, August 26, 2026 | +8.7% | +8.5% | +8.5% | +1.8% |
Share moves are close to close (source: Yahoo Finance, Nvidia price history). BloFin and bitcoin figures run from 4PM ET on the report day to 4PM ET the next day, using hourly closes (source: BloFin price data). BloFin listed the NVDAUSDT Perpetual in March 2026, so May was its first report. Tokenized Nvidia, a spot token that tracks the shares, has traded on BloFin since September 2025.
How AI tokens moved around Nvidia reports
Nvidia's report is often watched as a signal for AI tokens. On BloFin, those tokens have not moved in step with Nvidia. Here is how four widely traded AI tokens, TAO (Bittensor), FET, RENDER and NEAR, moved over the same 24-hour windows (source: BloFin price data).
Report | Nvidia shares | TAO | FET | RENDER | NEAR | Bitcoin |
|---|---|---|---|---|---|---|
November 2025 | −3.2% | −3.6% | +3.1% | −2.9% | −5.2% | −3.4% |
February 2026 | −5.5% | −2.3% | −7.1% | −5.8% | −10.3% | −2.5% |
May 2026 | −1.8% | +2.9% | +0.6% | +1.1% | +13.8% | 0.0% |
August 2026 | +8.7% | +9.1% | +2.4% | +3.8% | +4.3% | +1.8% |
The four tokens went the same way as Nvidia in February and August, and they did better than bitcoin in August. In November 2025 they mostly fell with bitcoin, and in May they rose while Nvidia fell, with NEAR's 13.8% gain doing most of the lifting. Four reports are too few to call a pattern, so treat this as a record of past moves, not a forecast.
If you want to trade the reaction on BloFin, the NVDAUSDT Perpetual follows Nvidia shares, and the TAOUSDT Perpetual follows TAO, the Bittensor token.
What August's report looked like on BloFin, hour by hour
The 24-hour figure hides how the move unfolded. On August 26, the NVDAUSDT Perpetual stood at $210.04 at 4PM ET (source: BloFin price data). In the first hour, as the results came out, it fell as low as $204.00, down 2.9%, then recovered to finish the hour flat.
The rally came during the call. By 6PM ET the perpetual was 4.1% higher, and it hit $220.28 in that hour. It held those gains overnight and rose further the next day, touching $230.07 before closing 8.5% higher at 4PM ET.
May's first hour also dipped as far as 2.9% below the 4PM price. That time the perpetual ended the 24 hours 1.7% lower. In both reports, the first hour swung close to 3% below the 4PM price, so a tight stop could have been hit before the call began.
Trading Nvidia's report on BloFin
The NVDAUSDT Perpetual offers up to 50x leverage (source: BloFin instrument data). It is one of the TradFi assets you can trade on BloFin. New positions follow US market hours, which are 9.30AM to 4PM ET, or 2.30PM to 9PM UTC. Outside those hours, trading "may be limited to reduce-only orders" (source: BloFin, stock futures trading hours).
Nvidia's results arrive about 20 minutes after that window shuts, so decide before the close whether to hold through the report. Trading Nvidia around earnings walks through the choices, and the Nvidia perpetual's contract specs cover its size, fees and funding.
Say you hold a 5,000 USDT long on the Nvidia perpetual at 10x leverage, backed by 500 USDT of margin. A repeat of February's 5.5% drop would cost about 275 USDT, more than half your margin. The 2.9% dip in August's first hour alone would have cost 145 USDT before the rally began. At 20x, the same February drop would wipe out the margin. Leverage and liquidation shows how that math works, and trading news volatility covers when stepping aside is the better plan.
Looking to trade Nvidia? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the NVDAUSDT Perpetual, the NVDAX/USDT Spot or the TAOUSDT Perpetual page.
Frequently asked questions
Does Nvidia pay a dividend?
Yes, but it is small. Nvidia pays $0.25 a share each quarter, and its last payment was on October 1, 2026 (source: Nvidia, Q2 FY2027 release). Most of the cash it returns comes from buying back its own shares. In the July quarter it returned about $26.0 billion to shareholders through buybacks and dividends combined.
Does Nvidia sell AI chips to China?
Only a little. Nvidia won US approval to sell its H200 chips in China in January, but it says it has sold only a small amount there, partly because China also restricts those sales (source: AP via La Nación, November 9, 2026). Shipments of its older Hopper chips to China were less than 1% of data center revenue in the July quarter (source: Nvidia, Q2 FY2027 CFO commentary).
What else reports on November 17?
Nvidia is the only very large company reporting after the close that day. Home Depot, Walt Disney, JD.com and Klarna report before the US market opens on November 17 (source: Nasdaq, earnings calendar). October US retail sales also come out that morning at 8.30AM ET, or 1.30PM UTC (source: US Census Bureau, economic indicator calendar).
When is Nvidia's next big event after earnings?
Nvidia's GTC DC conference runs from November 30 to December 3 in Washington. Huang's keynote is on Tuesday, December 1, at 2PM ET, or 7PM UTC (source: Nvidia, GTC DC). Nvidia often uses these keynotes to show new products and partners.
Can you copy trade Nvidia on BloFin?
Yes. The NVDAUSDT Perpetual is on BloFin's copy trading list, so you can follow a trader's Nvidia positions instead of placing your own (source: BloFin copy trading data). Copying does not lower the risk: the copied position uses the trader's leverage and faces the same gap on report night. Read copy trading explained before you pick a trader to follow.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Sources include Nvidia's SEC filings and releases, Zacks via Nasdaq, Earnings Whispers, CNBC, CBS News, The Information, the Associated Press, Yahoo Finance, the US Census Bureau and BloFin, current as of November 10, 2026.
Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold Nvidia shares, the NVDAUSDT Perpetual, Tokenized Nvidia or any crypto asset. Nvidia reports after the US close, when the stock perpetual may be limited to reduce-only orders, and the stock has moved more than 5% in a day after recent reports. A leveraged position can be liquidated and lose all the margin behind it, and a stop-loss can fill well past its price on a gap. BloFin services are not available in restricted locations, including the United States. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.