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

Implied ±1.7%, either direction.

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

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

MDTNYSEElectromedical & Electrotherapeutic Apparatus

Medtronic plc (MDT) earnings date, market-implied expected move, and options open interest by expiry

105.04

+6.16 · +6.23%

post 104.08 −0.91%

Closed19:45 ET

Open99.76Volume6.8MMkt cap$126.5BP/E25.45EPS4.09Div yield2.89%

Day99.00 – 105.5578%52-wk72.06 – 102.92100%

MDT

Medtronic plc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±1.7%implied · report alone

8Q avg ±3.8%·×0.43·cheap

103.22106.70

straddle ±5.4%

spot 104.96exp Nov 27ATM strike 105ATM straddle 6.66IV 32%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Nov 24

before open · in 20 days

confirmedQ2 FY27

Calendar

Next report

Last report

+1.53%

vs ±4.6% implied · ×0.33

shaded = implied · ▲▼ = realized

Sep 1 '26 · confirmed

Implied vs realized

Linked news

2dDHC · supplierDiversified Healthcare Trust posts net loss $50,229 Q3; $130,923 nine months
2dINSP · customerInspire posts third-quarter net loss of $24,394 thousand, revenue $206,695 thousand
6dITGR · supplierInteger Q3 net income $14,978 thousand, dil. $0.43; 9M net $55,089 thousand, dil. $1.60

News

Largest filed tie

13F top-10 QoQ

+0.08%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

2,138 managers

Top fund weight

1.75%

MDT weight · XLV

N-PORTJun 30 '26

11 funds

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

Medtronic (MDT) reports on Nov 24 before open (confirmed date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±3.9%
avg realized: ±3.8%

Nov 19 '24Nov 19 '24confirmed±3.2%▼−2.96%×0.93

Feb 18 '25Feb 18 '25confirmed±2.8%▼−7.26%×2.63

May 21 '25May 21 '25confirmed±3.9%▼−2.27%×0.58

Aug 19 '25Aug 19 '25confirmed±4.7%▼−3.14%×0.67

Q2 FY26Nov 18 '25confirmed±3.3%▲+4.69%×1.43

Q3 FY26Feb 17 '26confirmed±4.3%▼−3.10%×0.72

Q4 FY26Jun 3 '26confirmed±4.4%▲+5.69%×1.31

Q1 FY27Sep 1 '26confirmed±4.6%▲+1.53%×0.33

quarterimplied−10%0+10%realized×

Q1 FY27±4.6%▲+1.53%×0.33

Q4 FY26±4.4%▲+5.69%×1.31

Q3 FY26±4.3%▼−3.10%×0.72

Q2 FY26±3.3%▲+4.69%×1.43

Aug '25±4.7%▼−3.14%×0.67

May '25±3.9%▼−2.27%×0.58

2 older reports

Feb '25±2.8%▼−7.26%×2.63

Nov '24±3.2%▼−2.96%×0.93

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

Implied vs realized

Positioning

OI · 10 expiries · Nov 3 close

0.26OI · 10 expiries · Nov 3 closeP/C open interest · Nov 27 · first expiry after the report

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

4,486+101%Nov 62d1.353,325+219%1.35

1,590+90%Nov 139d0.772,059+52%0.77

19,957+14%Nov 2016d0.7526,636+10%0.75

report · Nov 24 · before open · confirmed

539+152%Nov 2723d2,089+79%

60%Dec 430d2.003—2.00

16—Dec 1137d4.004—4.00

4 later expiries

19,167+11%Dec 1844d0.5932,549+13%0.59

19,962+1%Jan 1572d0.9521,053+1%0.95

1,982+2%Feb 19107d0.772,574+2%0.77

4,4100%Mar 19135d0.696,3810%0.69

ExpiryPutsCallsP/C

Nov 62d4,486+101%3,325+219%1.35

Nov 139d1,590+90%2,059+52%0.77

Nov 2016d19,957+14%26,636+10%0.75

report · Nov 24 · before open · confirmed

Nov 2723d539+152%2,089+79%0.26

Dec 430d60%3—2.00

Dec 1137d16—4—4.00

4 later expiries

Dec 1844d19,167+11%32,549+13%0.59

Jan 1572d19,962+1%21,053+1%0.95

Feb 19107d1,982+2%2,574+2%0.77

Mar 19135d4,4100%6,3810%0.69

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

Positioning

Linked exposure

scenario · straddle±5.4%

Funds 4

XLV±0.1%

JEPI±0.0%

VIG±0.0%

VTV±0.0%

Suppliers 1

ITGR±2.5%×0.47

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

Linked exposure

Revenue flow

as filedQ1 FY27

15.16%as filednet margin · revenue −0.53% QoQ · +13.73% YoY

Revenue

$9.8B−0.53% QoQ

Gross profit

$6.3B−1.09% QoQ

64.99% margin

Operating income

$1.8B−5.77% QoQ

18.08% margin

Pre-tax income

$1.8B−3.49% QoQ

Net income

$1.5B+17.47% QoQ

15.16% margin

Cost of revenue

$3.4B+0.53% QoQ

Operating expenses

$4.6B+0.86% QoQ

SG&A $3.2B

R&D $771M

Other operating $123M

Other operating $484M

Tax

$289M−49.74% QoQ

Other income

$4M+110.26% QoQ

Revenue$9.8B−0.53%

Gross profit

$6.3B−1.09%

64.99% margin

Operating income

$1.8B−5.77%

18.08% margin

Pre-tax income

$1.8B−3.49%

Net income

$1.5B+17.47%

15.16% margin

Cost of revenue

$3.4B+0.53%

Operating expenses

$4.6B+0.86%

SG&A $3.2B

R&D $771M

Other operating $123M

Other income$4M+110.26%

Tax$289M−49.74%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

CPI ×1.53· ±1.5% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.5%3 of 10×1.53

NFPjobs report±1.5%3 of 10×1.53

FOMCrate decision±1.1%10 of 24×1.13

PPIproducer prices±0.9%6 of 10×0.96

PCEpersonal income & outlays±0.9%10 of 19×0.95

GDPgross domestic product±0.8%10 of 19×0.82

CPROFcorporate profits±0.8%6 of 12×0.78

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.14 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Sep 1 '26 · confirmed	1.14	—
Q4 FY26	Jun 3 '26 · confirmed	0.96	—
Q3 FY26	Feb 17 '26 · confirmed	0.89	—
Q2 FY26	Nov 18 '25 · confirmed	1.07	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod