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

Implied ±7.4%, either direction.

How often does Cisco Systems move more than the options market prices?

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

CSCONasdaqComputer Communications Equipment

Cisco Systems, Inc. (CSCO) earnings date, market-implied expected move, and options open interest by expiry

104.52

−4.07 · −3.75%

post 104.67 +0.14%

Closed19:38 ET

Open109.80Volume24.7MMkt cap$412.0BP/E31.15EPS3.36Div yield1.60%

Day103.63 – 109.8017%52-wk69.26 – 129.3859%

CSCO

Cisco Systems, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.4%implied · report alone

8Q avg ±6.2%·×1.20·rich

96.77112.25

straddle ±8.7%

spot 104.51exp Nov 13ATM strike 105ATM straddle 10.70IV 65%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 11

after close · in 11 days

est.Q1 FY27

Calendar

Next report

Last report

−8.40%

vs ±7.8% implied · ×1.08

shaded = implied · ▲▼ = realized

Aug 12 '26 · confirmed

Implied vs realized

Largest filed tie

19.90%

of Fabrinet revenue

supplierFN 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.69%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

4,105 managers

Top fund weight

2.58%

CSCO weight · XLK

N-PORTJun 30 '26

14 funds

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

Cisco Systems (CSCO) is expected to report on Nov 11 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±5.5%
avg realized: ±6.2%

Nov 13 '24Nov 13 '24confirmed±4.9%▼−2.13%×0.43

Feb 12 '25Feb 12 '25confirmed±4.4%▲+2.10%×0.47

May 14 '25May 14 '25confirmed±4.1%▲+4.85%×1.18

Aug 13 '25Aug 13 '25confirmed±4.9%▼−1.56%×0.32

Nov 12 '25Nov 12 '25confirmed±4.7%▲+4.62%×0.97

Q2 FY26Feb 11 '26confirmed±5.1%▼−12.32%×2.41

Q3 FY26May 13 '26confirmed±8.2%▲+13.41%×1.63

Q4 FY26Aug 12 '26confirmed±7.8%▼−8.40%×1.08

quarterimplied−15%0+15%realized×

Q4 FY26±7.8%▼−8.40%×1.08

Q3 FY26±8.2%

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

Implied vs realized

Positioning

OI · 9 expiries · Oct 27 close

0.63OI · 9 expiries · Oct 27 closeP/C open interest · Nov 13 · first expiry after the report

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

4,399+3%Nov 66d0.577,717+9%0.57

report · Nov 11 · after close · est.

2,876+12%Nov 1313d4,597+15%

37,399+2%Nov 2020d0.7649,033+3%0.76

173+17200%Nov 2727d0.54322—0.54

5 later expiries

44+450%Dec 434d0.16270+103%0.16

79,318+3%Dec 1848d1.07

ExpiryPutsCallsP/C

Nov 66d4,399+3%7,717+9%0.57

report · Nov 11 · after close · est.

Nov 1313d2,876+12%4,597+15%0.63

Nov 2020d37,399+2%

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

Positioning

Linked exposure

scenario · straddle±8.7%

Funds 4

XLK±0.2%

QQQ±0.2%

VIG±0.2%

REVS±0.1%

Suppliers 1

FN±8.7%×0.99

Customers 4

SNX±4.5%×0.52

NSIT±4.3%×0.49

PLUS±3.6%×0.41

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

22.37%derived from FYnet margin · revenue +8.91% QoQ · +17.58% YoY

Revenue

$17.3B+8.91% QoQ

Gross profit

$11.1B+9.75% QoQ

64.13% margin

Operating income

$4.3B+7.68% QoQ

24.72% margin

Pre-tax income

$4.9B+22.13% QoQ

Net income

$3.9B+14.41% QoQ

22.37% margin

Cost of revenue

$6.2B+7.43% QoQ

Operating expenses

$6.8B+11.09% QoQ

Marketing $3.0B

R&D $2.4B

SG&A $679M

Other operating $737M

Tax

$1.1B+61.26% QoQ

Other income

$669M+746.84% QoQ

Revenue$17.3B+8.91%

Gross profit

$11.1B+9.75%

64.13% margin

Operating income

$4.3B+7.68%

24.72% margin

Pre-tax income

$4.9B+22.13%

Net income

$3.9B+14.41%

22.37% margin

Cost of revenue

$6.2B+7.43%

Operating expenses

$6.8B+11.09%

Marketing $3.0B

R&D $2.4B

SG&A $679M

Other income$669M+746.84%

Tax$1.1B+61.26%

flow · deduction · inflow · signed % = QoQDerived: FY − Q1–Q3 · QE Jul 25 '26 · width = $

Revenue flow

Intraday

15m bars

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

Intraday

Event sensitivity

PPI ×2.36· ±2.6% vs ±1.1% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.6%4 of 11×2.36

NFPjobs report±2.3%4 of 10×2.07

CPIconsumer prices±1.8%7 of 11×1.59

FOMCrate decision±1.2%14 of 25×1.06

GDPgross domestic product±0.9%13 of 20×0.81

CPROFcorporate profits±0.8%6 of 12×0.70

PCEpersonal income & outlays±0.8%11 of 20×0.67

Bar = avg |move| to ±3% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.96 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Aug 12 '26 · confirmed	0.96	—
Q3 FY26	May 13 '26 · confirmed	0.85	—
Q2 FY26	Feb 11 '26 · confirmed	0.80	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod