What move does the options market price into Amgen's report?

Implied ±2.9%, either direction.

How often does Amgen move more than the options market prices?

6 of the last 8 reports moved at least as far as the implied move.

AMGNNasdaqBiological Products, (No Diagnostic Substances)

Amgen Inc (AMGN) earnings date, market-implied expected move, and options open interest by expiry

466.31

+5.58 · +1.21%

post 466.40 +0.02%

Closed19:54 ET

Open471.00Volume3.3MMkt cap$251.9BP/E28.75EPS16.22Div yield2.13%

Day465.19 – 474.7813%52-wk280.23 – 475.6595%

AMGN

Amgen Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±2.9%implied · report alone

8Q avg ±4.9%·×0.58·cheap

452.63479.39

straddle ±4.0%

spot 466.01exp Nov 6ATM strike 465ATM straddle 21.95IV 43%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 3 days

confirmedQ3 FY26

Calendar

Next report

Last report

+4.57%

vs ±4.1% implied · ×1.11

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Linked news

1dLGND · supplierLigand posts Q3 net loss of $28,485 thousand, nine-month income of $6,678 thousand
1dNMRA · customerNeumora Therapeutics notified of noncompliance with $1.00 Nasdaq minimum bid
2dCUZ · supplierCousins Properties posts Q3 net income available to common stockholders $17,000 thousand, EPS $0.10

News

Largest filed tie

13F top-10 QoQ

+3.66%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

3,165 managers

Top fund weight

4.70%

AMGN weight · SCHD

N-PORTAug 31 '26

16 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Amgen (AMGN) reports on Nov 3 after close (confirmed date).

Implied vs realized

8 reports

6 of 8≥ implied

avg implied: ±4.0%
avg realized: ±4.9%

Oct 30 '24Oct 30 '24confirmed±4.2%▲+1.46%×0.34

Feb 4 '25Feb 4 '25confirmed±3.7%▲+6.50%×1.78

May 1 '25May 1 '25confirmed±4.4%▼−0.90%×0.21

Aug 5 '25Aug 5 '25confirmed±4.0%▼−5.14%×1.30

Q3 FY25Nov 4 '25confirmed±3.7%▲+7.81%×2.13

Feb 3 '26Feb 3 '26confirmed±3.7%▲+8.15%×2.18

Q1 FY26Apr 30 '26confirmed±3.9%▼−4.75%×1.22

Q2 FY26Aug 4 '26confirmed±4.1%▲+4.57%×1.11

quarterimplied−10%0+10%realized×

Q2 FY26±4.1%▲+4.57%×1.11

Q1 FY26±3.9%▼−4.75%×1.22

Feb '26±3.7%▲+8.15%×2.18

Q3 FY25±3.7%▲+7.81%×2.13

Aug '25±4.0%▼−5.14%×1.30

May '25±4.4%▼−0.90%×0.21

2 older reports

Feb '25±3.7%▲+6.50%×1.78

Oct '24±4.2%▲+1.46%×0.34

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.55OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

706+26%Nov 66d1,286+11%

206+32%Nov 1313d0.36567+25%0.36

10,695+1%Nov 2020d0.5619,263+34%0.56

332+114%Nov 2727d1.04319+502%1.04

158+4%Dec 434d2.0079+13%2.00

5 later expiries

114—Dec 1141d28.504—28.50

9,089+1%Dec 1848d0.8410,885+1%0.84

19,3970%Jan 1576d1.1416,968+2%1.14

4,679+1%Mar 19139d0.795,941+61%0.79

3,0630%Apr 16167d2.611,173+1%2.61

ExpiryPutsCallsP/C

Nov 66d706+26%1,286+11%0.55

Nov 1313d206+32%567+25%0.36

Nov 2020d10,695+1%19,263+34%0.56

Nov 2727d332+114%319+502%1.04

Dec 434d158+4%79+13%2.00

5 later expiries

Dec 1141d114—4—28.50

Dec 1848d9,089+1%10,885+1%0.84

Jan 1576d19,3970%16,968+2%1.14

Mar 19139d4,679+1%5,941+61%0.79

Apr 16167d3,0630%1,173+1%2.61

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±4.0%

Funds 4

SCHD±0.2%

DIA±0.2%

XLV±0.1%

XBI±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

23.62%as filednet margin · revenue +16.66% QoQ · +9.53% YoY

Revenue

$10.1B+16.66% QoQ

Gross profit

$7.2B+23.31% QoQ

72.04% margin

Operating income

$3.5B+31.81% QoQ

34.95% margin

Pre-tax income

$2.8B+32.82% QoQ

Net income

$2.4B+30.57% QoQ

23.62% margin

Cost of revenue

$2.8B+2.44% QoQ

Operating expenses

$3.7B+16.24% QoQ

R&D $1.9B

SG&A $1.7B

Other operating $116M

Other expense

$746M

Tax

$393M+48.30% QoQ

Revenue$10.1B+16.66%

Gross profit

$7.2B+23.31%

72.04% margin

Operating income

$3.5B+31.81%

34.95% margin

Pre-tax income

$2.8B+32.82%

Net income

$2.4B+30.57%

23.62% margin

Cost of revenue

$2.8B+2.44%

Operating expenses

$3.7B+16.24%

R&D $1.9B

SG&A $1.7B

Other operating $116M

Other expense

$746M

Tax$393M+48.30%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.30· ±1.5% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.5%7 of 10×1.30

NFPjobs report±1.2%7 of 10×1.03

CPIconsumer prices±1.2%4 of 10×0.97

FOMCrate decision±1.0%12 of 24×0.85

PCEpersonal income & outlays±0.9%11 of 19×0.74

CPROFcorporate profits±0.8%7 of 12×0.71

GDPgross domestic product±0.7%9 of 19×0.62

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 4.37 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	4.37	—
Q1 FY26	Apr 30 '26 · confirmed	3.34	—
Q3 FY25	Nov 4 '25 · confirmed	5.93	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod