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

Implied ±7.3%, either direction.

MIDDNasdaqRefrigeration & Service Industry Machinery

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

127.47

+4.74 · +3.87%

post 127.48 0.00%

Closed16:00 ET

Open122.49Volume422,972Mkt cap$5.6BEPS-8.96Div yield28.93%

Day122.49 – 127.5598%52-wk88.87 – 148.5565%

MIDD

Middleby Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.3%implied · straddle

113.78131.68

spot 122.73exp Nov 20ATM strike 125ATM straddle 10.52IV 48%

Nov 3 closethin chain

Expected move

Inputs

Next report

Today

before open

est.Q3 FY26

Calendar

Next report

Last report

−7.91%

vs ±30.5% implied · ×0.26

shaded = implied · ▲▼ = realized

Aug 11 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+0.74%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

449 managers

Top fund weight

0.20%

MIDD weight · MDY

N-PORTJun 30 '26

4 funds

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

Middleby (MIDD) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 11 '26confirmed±30.5%▼−7.91%×0.26

quarterimplied−35%0+35%realized×

Q2 FY26±30.5%▼−7.91%×0.26

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

Implied vs realized

Positioning

OI · 3 expiries · Oct 29 close

0.82OI · 3 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

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

27+4%Nov 2015d330%

1160%Dec 1843d0.402920%0.40

660%Mar 19134d0.611080%0.61

ExpiryPutsCallsP/C

Nov 2015d27+4%330%0.82

Dec 1843d1160%2920%0.40

Mar 19134d660%1080%0.61

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

Positioning

Linked exposure

scenario · straddle±7.3%

Funds 4

MDY±0.0%

REVS±0.0%

VTI±0.0%

VT±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

6.26%as filednet margin · revenue +4.24% QoQ · +9.88% YoY

Revenue

$876M+4.24% QoQ

Gross profit

$335M+3.68% QoQ

38.27% margin

Operating income

$148M+10.79% QoQ

16.87% margin

Pre-tax income

$126M+11.92% QoQ

Net income

$55M+209.46% QoQ

6.26% margin

Cost of revenue

$540M+4.60% QoQ

Operating expenses

$187M−1.32% QoQ

Other expense

$21M

Tax

$43M+56.57% QoQ

Revenue$876M+4.24%

Gross profit

$335M+3.68%

38.27% margin

Operating income

$148M+10.79%

16.87% margin

Pre-tax income

$126M+11.92%

Net income

$55M+209.46%

6.26% margin

Cost of revenue

$540M+4.60%

Operating expenses

$187M−1.32%

Other expense

$21M

Tax$43M+56.57%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 4 '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

FOMC ×1.25· ±1.9% vs ±1.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.9%10 of 24×1.25

CPIconsumer prices±1.7%2 of 10×1.09

NFPjobs report±1.5%5 of 10×0.99

PPIproducer prices±1.4%3 of 10×0.93

GDPgross domestic product±0.9%9 of 19×0.61

CPROFcorporate profits±0.9%6 of 12×0.61

PCEpersonal income & outlays±0.9%11 of 19×0.58

Bar = avg |move| to ±2% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS 1.21 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 11 '26 · confirmed	1.21	—
Q1 FY26	—	-1.06	—
Q3 FY25	—	-10.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod