Last 30 days
-9.25%
Sep 14 → Oct 22
$36.83
$38.61
$40.39
$42.16
$43.94
Sep 14
Sep 22
Sep 29
Oct 07
Oct 14
Oct 22
NVO earnings at a glance
Novo Nordisk A/S (NVO) is scheduled to report earnings on Wednesday, November 4, 2026 — in 12 days. Analysts expect earnings per share of $0.80, compared with $1.02 in the same quarter last year (-22%). The options market is pricing a move of about ±1.5% after the report, a range of roughly $38.85 to $40.01 from today's $39.43. Over its last 2 reports the stock rose the next day 2 times and fell 0, moving ±1.9% on average; after the most recent report on May 6, 2026 it moved +2.0%. That means options currently expect less movement than NVO has typically delivered. NVO beat the consensus EPS estimate in 3 of its last 4 reported quarters. Implied volatility is currently 35%. The share price of $39.43 sits near its 52-week low.
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Overview
Earnings
Financials
Implied Vol
Peers
Overview
52-week range
15% of range
Avg surprise (last 4)
+14.1%
Avg reaction (last 2)
+1.9%
100% positive
Latest IV / EM
35%
EM ±1.5% · $38 · Oct 9
Earnings trends
EPS — actual vs estimate
$0.77 $0.84 $0.91 $0.97 $1.04
Actual $0.92 Est $0.92 Actual $0.97 Est $0.93 Actual $1.02 Est $0.77 Actual $1.04 Est $0.87 Mar/2025 Jun/2025 Sep/2025 Mar/2026
Earnings history
Upcoming
Implied volatility — last 90 days
30% 42% 54% 66% 78%
Jun 07 — IV 47% · EM ±4.4% Jun 08 — IV 47% · EM ±3.9% Jun 09 — IV 45% · EM ±3.2% Jun 10 — IV 47% · EM ±2.8% Jun 11 — IV 46% · EM ±1.9% Jun 15 — IV 42% · EM ±3.0% Jun 16 — IV 41% · EM ±2.4% Jun 17 — IV 42% · EM ±1.7% Jun 19 — IV 36% · EM ±3.9% Jun 22 — IV 43% · EM ±3.6% Jun 23 — IV 46% · EM ±3.4% Jun 24 — IV 44% · EM ±2.6% Jun 25 — IV 45% · EM ±1.9% Jun 29 — IV 38% · EM ±9.0% Jun 30 — IV 37% · EM ±8.6% Jul 01 — IV 40% · EM ±1.7% Jul 03 — IV 38% · EM ±4.3% Jul 06 — IV 42% · EM ±3.5% Jul 07 — IV 41% · EM ±3.0% Jul 08 — IV 38% · EM ±2.2% Jul 09 — IV 34% · EM ±1.4% Jul 13 — IV 41% · EM ±3.4% Jul 14 — IV 42% · EM ±3.0% Jul 15 — IV 43% · EM ±2.6% Jul 16 — IV 46% · EM ±1.9% Jul 20 — IV 40% · EM ±3.3% Jul 21 — IV 40% · EM ±2.9% Jul 22 — IV 45% · EM ±2.6% Jul 23 — IV 55% · EM ±2.3% Jul 27 — IV 42% · EM ±3.5% Jul 28 — IV 52% · EM ±3.7% Jul 29 — IV 55% · EM ±3.2% Jul 30 — IV 69% · EM ±2.9% Aug 03 — IV 78% · EM ±6.5% Aug 04 — IV 54% · EM ±3.9% Aug 05 — IV 39% · EM ±2.3% Aug 06 — IV 40% · EM ±1.7% Aug 10 — IV 36% · EM ±3.0% Aug 11 — IV 37% · EM ±2.7% Aug 12 — IV 32% · EM ±1.9% Aug 13 — IV 48% · EM ±2.0% Aug 17 — IV 33% · EM ±2.8% Aug 18 — IV 32% · EM ±2.3% Aug 19 — IV 37% · EM ±2.2% Aug 20 — IV 40% · EM ±1.7% Aug 24 — IV 35% · EM ±2.9% Aug 25 — IV 47% · EM ±3.4% Aug 26 — IV 35% · EM ±2.1% Aug 27 — IV 38% · EM ±1.6% Aug 31 — IV 32% · EM ±2.6% Sep 01 — IV 33% · EM ±2.4% Sep 02 — IV 38% · EM ±2.2% Sep 03 — IV 37% · EM ±1.5% Sep 07 — IV 38% · EM ±3.2% Sep 08 — IV 36% · EM ±2.6% Sep 09 — IV 34% · EM ±2.0% Sep 10 — IV 31% · EM ±1.3% Sep 14 — IV 34% · EM ±2.9% Sep 15 — IV 35% · EM ±2.5% Sep 16 — IV 37% · EM ±2.2% Sep 17 — IV 38% · EM ±1.6% Sep 21 — IV 41% · EM ±3.4% Sep 22 — IV 34% · EM ±2.5% Sep 23 — IV 36% · EM ±2.1% Sep 24 — IV 34% · EM ±1.4% Sep 28 — IV 31% · EM ±7.3% Sep 29 — IV 31% · EM ±7.2% Sep 30 — IV 35% · EM ±2.1% Oct 01 — IV 34% · EM ±1.4% Oct 06 — IV 30% · EM ±2.2% Oct 07 — IV 33% · EM ±2.0% Oct 08 — IV 35% · EM ±1.5%
NVO earnings FAQ
When is NVO's next earnings date? Novo Nordisk A/S is expected to report on November 4, 2026.
What is NVO's expected move for earnings? Options currently price a move of about ±1.5%, or $0.58 per share either way from $39.43.
How does NVO stock usually react to earnings? Across the last 2 reports the average next-day move was ±1.9%, up 2 times and down 0 times.
What EPS are analysts expecting from Novo Nordisk A/S? The consensus estimate is $0.80 per share, versus $1.02 a year ago.
What is NVO's implied volatility? NVO's at-the-money implied volatility is about 35% based on the latest options snapshot.