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

Implied ±12.3%, either direction · provisional.

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

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

CNMDNYSEElectromedical & Electrotherapeutic Apparatus

Conmed Corp (CNMD) earnings date, market-implied expected move, and options open interest by expiry

47.08

+0.49 · +1.05%

post 47.08 0.00%

After hours16:00 ETdelayed

Open47.03Volume444,226Mkt cap$1.4BP/E19.37EPS2.43

Day46.73 – 47.3061%52-wk31.44 – 53.6670%

CNMD

Conmed Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±12.3%implied · straddle

41.6953.42

spot 47.55exp Feb 19ATM strike 50ATM straddle 6.90IV 32%

Nov 3 closeprovisionalthin chain

Expected move

Inputs

Next report

Jan 27

after close · in 85 days

est.Q4 FY26

Calendar

Next report

Last report

−0.09%

vs ±8.6% implied · ×0.01

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmedthin chain

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

−1.39%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

243 managers

Top fund weight

0.03%

CNMD weight · IWM

N-PORTJun 30 '26

4 funds

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

Conmed (CNMD) is expected to report on Jan 27 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±9.5%
avg realized: ±5.3%

Feb 5 '25Feb 5 '25confirmed±9.7%▼−8.97%×0.92

Apr 30 '25Apr 30 '25confirmed±11.0%▲+16.45%×1.49

Jul 30 '25Jul 30 '25confirmed±10.1%▲+2.01%×0.20

Nov 5 '25Nov 5 '25confirmed±8.9%▼−0.52%×0.06

Jan 28 '26Jan 28 '26confirmed±9.4%▼−3.57%×0.38

Q1 FY26Apr 29 '26confirmed±11.3%▲+1.95%×0.17

Q2 FY26Jul 29 '26confirmed±6.7%▲+8.72%×1.29

Q3 FY26Oct 28 '26confirmed±8.6%thin chain▼−0.09%×0.01

quarterimplied−20%0+20%realized×

Q3 FY26±8.6%▼−0.09%×0.01

Q2 FY26±6.7%

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

Implied vs realized

Positioning

OI · 3 expiries · Nov 2 close

0.14OI · 3 expiries · Nov 2 closeP/C open interest · Feb 19 · first expiry after the report

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

880%Nov 2017d0.681300%0.68

191+3%Dec 1845d1.661150%1.66

report · Jan 27 · after close · est.

250%Feb 19108d1830%

ExpiryPutsCallsP/C

Nov 2017d880%1300%0.68

Dec 1845d191+3%1150%1.66

report · Jan 27 · after close · est.

Feb 19108d250%

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

Positioning

Linked exposure

scenario · straddle±12.3%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ3 FY26

5.90%as filednet margin · revenue −2.31% QoQ · −0.70% YoY

Revenue

$336M−2.31% QoQ

Gross profit

$189M−4.21% QoQ

56.37% margin

Operating income

$37M+2.03% QoQ

11.07% margin

Pre-tax income

$26M−17.03% QoQ

Net income

$20M−14.20% QoQ

5.90% margin

Cost of revenue

$146M+0.26% QoQ

Operating expenses

$152M−5.62% QoQ

SG&A $136M

R&D $16M

Other expense

$11M

Tax

$6M−24.93% QoQ

Revenue$336M−2.31%

Gross profit

$189M−4.21%

56.37% margin

Operating income

$37M+2.03%

11.07% margin

Pre-tax income

$26M−17.03%

Net income

$20M−14.20%

5.90% margin

Cost of revenue

$146M+0.26%

Operating expenses

$152M−5.62%

SG&A $136M

R&D $16M

Other expense

$11M

Tax$6M−24.93%

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

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.32· ±2.5% vs ±1.9% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.5%7 of 11×1.32

PCEpersonal income & outlays±2.1%10 of 20×1.08

NFPjobs report±2.0%3 of 10×1.02

GDPgross domestic product±1.9%8 of 20×0.97

FOMCrate decision±1.7%7 of 24×0.87

CPIconsumer prices±1.6%4 of 11×0.82

CPROFcorporate profits±1.4%4 of 12×0.72

Bar = avg |move| to ±3% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 0.66 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	0.66	—
Q2 FY26	Jul 29 '26 · confirmed	0.77	—
Q1 FY26	Apr 29 '26 · confirmed	0.45	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod