The semiconductor titan is set to release its fiscal third-quarter numbers on 17 November. Company guidance projects revenue of $108 billion, give or take two percent, a rise of roughly 90 % compared with the same period a year earlier. Gross margins are expected to hover around 74 %, within a fifty-basis-point band, while operating expenses are forecast at about $9.2 billion, modestly higher than the prior quarter.
These figures stem from the firm’s own outlook, issued on 26 August, and do not assume any data-center compute revenue from China. The company’s 10-Q filing also reveals that supply commitments ballooned from $119 billion to $279 billion in a single quarter, underscoring the scale of its manufacturing and memory-chip procurement plans for the remainder of fiscal 2027.
Leadership turbulence after Jensen Huang’s resignation
Two weeks before the earnings call, the board accepted the resignation of co-founder and longtime chief executive Jensen Huang. The decision followed a series of New York Times reports linking Huang to Alice Huang, a former Megaspeed executive alleged to be a Chinese intelligence asset, and additional revelations of personal relationships with two Nvidia employees. The fallout erased roughly 24 % of the stock’s value since the initial story on 29 October, and the share price fell another 33 % from its 52-week high of $243.37.
Interim chief executive Colette Kress, Nvidia’s chief financial officer since 2013, will steer the earnings call. Analysts are expected to probe not only the financial guidance but also the potential impact of the espionage allegations on customer confidence, especially given that one of the five largest direct customers accounted for 16 % of second-quarter revenue.
Market reaction and analyst outlook
Since the scandal broke, nine investment firms have downgraded Nvidia’s rating, with two trimming price targets. The company’s year-to-date performance slipped to a 12.7 % decline, down from a 28.3 % gain recorded on 6 October. Despite the volatility, the revenue guide remains aggressive, reflecting confidence in the artificial-intelligence data-center market that propelled Nvidia to become the world’s most valuable public company earlier this decade.
Investors will watch closely how the guidance aligns with actual results, particularly whether the company can sustain growth without Chinese data-center sales and how the board’s search for a permanent CEO proceeds. The combination of an ambitious fiscal target and a shaken leadership team creates a high-stakes environment that will likely dominate market commentary throughout the week.
