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

Implied ±7.9%, either direction.

MDLNNasdaqSurgical & Medical Instruments & Apparatus

Medline Inc. (MDLN) earnings date, market-implied expected move, and options open interest by expiry

34.10

+0.47 · +1.39%

post 33.64 −1.36%

Closed16:50 ET

Open33.64Volume8.3MMkt cap$29.0BP/E41.78

Day33.07 – 34.1353%52-wk31.37 – 50.8812%

MDLN

Medline Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.9%implied · report alone

31.4136.77

straddle ±10.2%

spot 34.09exp Nov 20ATM strike 35ATM straddle 4.07IV 68%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

before open · in 1 day

confirmedQ3 FY26

Calendar

Next report

Last report

−12.79%

vs ±11.8% implied · ×1.09

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+12.01%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

404 managers

Top fund weight

0.06%

MDLN weight · VTV

N-PORTJun 30 '26

3 funds

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

Medline (MDLN) reports on Nov 4 before open (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed±11.8%▼−12.79%×1.09

quarterimplied−15%0+15%realized×

Q2 FY26±11.8%▼−12.79%×1.09

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

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

1.65OI · 4 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

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

10,756+49%Nov 2017d6,500−14%

186+81%Dec 1845d1.12166+12%1.12

4,850+1%Jan 1573d1.932,509+6%1.93

2370%Feb 19108d0.32742+2%0.32

ExpiryPutsCallsP/C

Nov 2017d10,756+49%6,500−14%1.65

Dec 1845d186+81%166+12%1.12

Jan 1573d4,850+1%2,509+6%1.93

Feb 19108d2370%742+2%0.32

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

Positioning

Linked exposure

scenario · straddle±10.2%

Funds 3

VTV±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

1.81%as filednet margin · revenue +4.53% QoQ · +11.60% YoY

Revenue

$7.7B+4.53% QoQ

Gross profit

$2.2B+20.32% QoQ

28.82% margin

Operating income

$395M−6.40% QoQ

5.14% margin

Pre-tax income

$235M−19.24% QoQ

Net income

$139M−41.84% QoQ

1.81% margin

Cost of revenue

$5.5B−0.74% QoQ

Operating expenses

$1.8B+28.26% QoQ

SG&A $1.3B

Other operating $348M

Other operating $177M

Other expense

$160M

Tax

$96M+84.62% QoQ

Revenue$7.7B+4.53%

Gross profit

$2.2B+20.32%

28.82% margin

Operating income

$395M−6.40%

5.14% margin

Pre-tax income

$235M−19.24%

Net income

$139M−41.84%

1.81% margin

Cost of revenue

$5.5B−0.74%

Operating expenses

$1.8B+28.26%

SG&A $1.3B

Other operating $348M

Other operating $177M

Other expense

$160M

Tax$96M+84.62%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:45 ET

Intraday

Event sensitivity

CPROF ×1.58· ±3.4% vs ±2.2% · 7 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±3.4%5 of 7×1.58

GDPgross domestic product±3.1%7 of 10×1.45

PCEpersonal income & outlays±3.1%6 of 9×1.44

NFPjobs report±2.0%3 of 9×0.95

FOMCrate decision±2.0%2 of 6×0.93

PPIproducer prices±1.6%8 of 10×0.72

CPIconsumer prices±1.5%4 of 10×0.70

Bar = avg |move| to ±4% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 0.07 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.07	—
Q1 FY26	—	0.16	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod