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

Implied ±10.7%, either direction.

SNOWNYSEServices-Prepackaged Software

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

304.60

−25.67 · −7.77%

post 305.02 +0.14%

Closed19:13 ET

Open316.00Volume8.2MMkt cap$108.0BEPS-3.18

Day296.92 – 318.4238%52-wk118.30 – 384.5670%

SNOW

Snowflake Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.7%implied · report alone

273.42338.74

straddle ±15.4%

spot 306.08exp Dec 4ATM strike 305ATM straddle 55.45IV 74%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Dec 2

after close · in 32 days

est.Q3 FY27

Calendar

Next report

Last report

+16.55%

vs ±11.5% implied · ×1.44

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Linked news

8hGOOGL · supplierGoogle taught the world how to search. Now it faces a revolution it can’t afford to lose.
1dMSFT · supplierMicrosoft is winning the cloud wars and becoming Wall Street’s new golden child
1dAMZN · supplierAmazon falls 2%, Intel dives 29%, as tech stocks sell off in post-earnings rout

News

Largest filed tie

13F top-10 QoQ

+6.10%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

1,483 managers

Top fund weight

1.74%

SNOW weight · IGPT

N-PORTJul 31 '26

6 funds

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

Snowflake (SNOW) is expected to report on Dec 2 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY27Sep 2 '26confirmed±11.5%▲+16.55%×1.44

quarterimplied−20%0+20%realized×

Q2 FY27±11.5%▲+16.55%×1.44

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

0.44OI · 9 expiries · Oct 27 closeP/C open interest · Dec 4 · first expiry after the report

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

2 nearer expiries

4,524+24%Nov 66d0.934,860+39%0.93

1,897+3%Nov 1313d0.692,762+7%0.69

19,489+4%Nov 2020d0.6828,602+1%0.68

566+62%Nov 2727d1.69335+19%1.69

report · Dec 2 · after close · est.

2 later expiries

3,905+1%Feb 19111d0.547,237+1%0.54

13,533+1%Mar 19139d0.83

ExpiryPutsCallsP/C

2 nearer expiries

Nov 66d4,524+24%4,860+39%0.93

Nov 1313d1,897+3%2,762+7%0.69

Nov 2020d19,489+4%28,602

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

Positioning

Linked exposure

scenario · straddle±15.4%

Funds 4

IGPT±0.3%

FTC±0.1%

ARKK±0.1%

VUG±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

−12.39%as filednet margin · revenue +11.20% QoQ · +35.09% YoY

Revenue$1.5B+11.20%

Gross profit$1.0B67.02%+11.90%

Operating income−$263M−17.00%+19.37%

Pre-tax income−$188M+36.53%

Net income−$192M−12.39%+35.14%

Cost of revenue$510M+9.81%

Operating expenses$1.3B+3.76%

Tax$3M+414.97%

Other income$75M+153.19%

Source: SEC filings · standardized · QE Jul 31 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:00 ET

Intraday

Event sensitivity

CPROF ×2.99· ±6.6% vs ±2.2% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±6.6%6 of 12×2.99

GDPgross domestic product±4.6%10 of 19×2.11

PCEpersonal income & outlays±3.8%12 of 19×1.72

CPIconsumer prices±2.7%6 of 10×1.25

NFPjobs report±2.2%3 of 10×0.98

FOMCrate decision±1.9%15 of 24×0.85

PPIproducer prices±1.3%4 of 10×0.60

Bar = avg |move| to ±7% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS -0.55 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Sep 2 '26 · confirmed	-0.55	—
Q1 FY27	—	-0.86	—
Q3 FY26	—	-0.87	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod