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

Implied ±11.4%, either direction.

SNAPNYSEServices-Computer Programming, Data Processing, Etc.

Snap Inc (SNAP) earnings date, market-implied expected move, and options open interest by expiry

5.33

Closed19:40 ET

Open5.51Volume47.9MMkt cap$9.0BEPS-0.18

Day5.23 – 5.5432%52-wk3.81 – 9.1329%

SNAP

Snap Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.4%implied · report alone

4.735.95

straddle ±13.1%

spot 5.34exp Nov 6ATM strike 5.5ATM straddle 0.83IV 136%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

+14.88%

shaded = implied · ▲▼ = realized

Aug 3 '26 · confirmed

Implied vs realized

Linked news

3hGOOGL · supplierGoogle taught the world how to search. Now it faces a revolution it can’t afford to lose.
20hDV · customerDoubleVerify Q3 net income $15,929 thousand, revenue $205,638 thousand
1dAMZN · supplierAmazon falls 2%, Intel dives 29%, as tech stocks sell off in post-earnings rout

News

Largest filed tie

13F top-10 QoQ

−0.77%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

541 managers

Top fund weight

0.10%

SNAP weight · IGPT

N-PORTJul 31 '26

2 funds

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

Snap (SNAP) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 3 '26confirmed—▲+14.88%—

quarterimplied−15%0+15%realized×

Q2 FY26—▲+14.88%—

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

Implied vs realized

Positioning

OI · 7 expiries · Oct 23 close

0.30OI · 7 expiries · Oct 23 closeP/C open interest · Nov 6 · first expiry after the report

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

7,190+28%Nov 66d24,029+5%

1,175+11%Nov 1313d0.1011,463+5%0.10

40,206+15%Nov 2020d1.1136,236+22%1.11

203+64%Nov 2727d0.111,886+64%0.11

8,497+13%Dec 1848d0.1751,473+2%0.17

2 later expiries

164,8500%Jan 1576d0.31529,388+1%0.31

19,211+1%Apr 16167d0.4542,436+6%0.45

ExpiryPutsCallsP/C

Nov 66d7,190+28%24,029+5%0.30

Nov 1313d1,175+11%11,463+5%0.10

Nov 2020d40,206+15%36,236+22%1.11

Nov 2727d203+64%1,886+64%0.11

Dec 1848d8,497+13%51,473+2%0.17

2 later expiries

Jan 1576d164,8500%529,388+1%0.31

Apr 16167d19,211+1%42,436+6%0.45

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

Positioning

Linked exposure

scenario · straddle±13.1%

Funds 2

IGPT±0.0%

VTI±0.0%

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

Linked exposure

Revenue flow

as filedQ2 FY26

−10.25%as filednet margin · revenue +4.59% QoQ · +18.89% YoY

Revenue$1.6B+4.59%

Gross profit$931M58.23%+7.82%

Operating income−$171M−10.68%−129.31%

Pre-tax income−$161M−88.30%

Net income−$164M−10.25%−84.33%

Cost of revenue$668M+0.40%

Operating expenses$1.1B+17.47%

Tax$2M−22.53%

Other income$9M+181.63%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:30 ET

Intraday

Event sensitivity

PCE ×1.14· ±2.9% vs ±2.6% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±2.9%10 of 19×1.14

PPIproducer prices±2.8%6 of 11×1.09

NFPjobs report±2.8%4 of 10×1.08

CPIconsumer prices±2.7%4 of 11×1.06

GDPgross domestic product±2.7%8 of 19×1.04

CPROFcorporate profits±2.7%7 of 12×1.03

FOMCrate decision±2.3%14 of 24×0.89

Bar = avg |move| to ±3% · tick = ±2.6% avg day · ×base = |move| ÷ ±2.6% · min 6 releases

Earnings history

EPS -0.10 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 3 '26 · confirmed	-0.10	—
Q1 FY26	—	-0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod