Investors will scrutinize whether Oracle stays committed to the heavy AI-related capital spending behind its half-trillion-dollar backlog, and how Adobe plans to answer the rising threat from generative AI, its stock is down nearly 30% year-to-date, echoing a similar slide in 2025.
But the pair is not where the options market sees the biggest moves.
Eight other stocks with market caps above $2 billion are set for sharp post-earnings reactions, according to Benzinga Pro data, with implied swings ranging from 8.62% to 18.24%.
Implied moves measure the size of the single-session swing, up or down, that the options market expects based on at-the-money straddle pricing ahead of each earnings date. A higher reading means traders are paying up for protection or positioning into a binary result.
Here is the full ranking, from the smallest expected move to the largest.
10. Academy Sports and Outdoors, Inc. | Mkt Cap: $3.37B | Implied Move: 8.62%
Academy Sports and Outdoors, Inc. (NASDAQ:ASO) reports on Tuesday, June 9, before the market opens, with first-quarter fiscal 2026 results.
Analysts expect $0.91 in earnings per share on revenue of $1.44 billion, implying year-over-year earnings growth around 21% and a top line up roughly 7% for the sporting-goods and outdoor retailer.
The 8.62% implied move is the smallest on this week’s list, about $4.46 a share, equating to roughly $291 million of market value at stake. Academy’s print is an early read on how the value-focused discretionary shopper is holding up as new-store growth continues across the South.
The stock is up about 3% year-to-date near $52, one of the steadier names on the list.
9. Adobe Inc. | Mkt Cap: $101.12B | Implied Move: 8.80%
Adobe Inc. (NASDAQ:ADBE) reports second-quarter fiscal 2026 results on Thursday, June 11, after the close.
The Street is looking for $5.82 per share on revenue of $6.46 billion, with earnings climbing roughly 15% and revenue up about 10% year-over-year.
The 8.80% implied move is the second-smallest in percentage terms but, against Adobe’s size, the second-largest dollar exposure on the list, roughly $8.9 billion of market value on a single session.
That gap is the whole Adobe debate: the business still throws off software-like cash, while the stock trades as if generative AI will permanently lower the value of its creative bundle.
Adobe is down about 29% year-to-date near $257, echoing a similar slide in 2025, though it bounced 6% to 8% in early June as money rotated back into beaten-down software.
8. Core & Main, Inc. | Mkt Cap: $9.80B | Implied Move: 11.04%
Core & Main, Inc. (NYSE:CNM) reports first-quarter fiscal 2026 results on Wednesday, June 10, before the market opens.
Consensus calls for $0.67 per share on revenue of $1.91 billion, roughly flat with the year-ago quarter.
An 11.04% implied move, about $5.78 a share, puts roughly $1.1 billion of market value in play.
Core & Main distributes pipes, valves, hydrants and ...
