Earnings Preview · 21 October 2026
Where our screen stands going in
Screens compliant (both standards agree). A name values-conscious investors can weigh on the merits.
What the Street expects
Consensus looks for earnings of about $0.45 a share on revenue near $28.1B. Over the next twelve months analysts pencil in $2.18 of earnings per share against $1.08 over the last twelve, growth of about 102%. The median analyst target is $412 (range $128 to $600), 9% above the $379.98 share price, across 38 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of +0.7% in the five sessions after the print and +3.3% over twenty. After a beat the average follow-through was +6.7%; after a miss, -1.0%.
What options are pricing
Implied volatility near 78% prices a one-week move of roughly ±10.8% (about $338.88 to $421.08). Positioning: the heaviest put open interest sits at $130 and the heaviest call open interest at $400; those strikes tend to act as magnets or walls in the days after. Max pain for the nearest expiry is $50.
Levels that matter
At $379.98 the shares sit 24% below the 52-week high of $498.83 and 28% above the low of $297.38 (41% of the way up the range). The 50-day average is $359.46, below the price. The 200-day average is $388.02, above the price. Max pain at $365.00. Max pain at $360.00.
Valuation going in
The shares trade about 76% above our fair-value estimate: priced for things to go right. Our fair-value estimate is $215.46 against the current share price of $379.98. Revenue is growing about 26% with net margins near 4%.
Our stance
The name clears our screen; the print tells us whether the valuation is earning its keep.
What the flow says going in
Underlying money flow is neutral (21-day Chaikin Money Flow -0.01, five-day price change -0.4%, as of 2026-10-20, desk flow model): no strong accumulation or distribution signature.
This is analysis, not financial advice. Always manage your risk.
