The options market is pricing a ±12.6% (±$0.59) move for SNAP's 2026-08-03 · after close report. Over its last 8 reports, SNAP has actually moved ±13.2% on average (biggest: ±26.9%). That's a 1.05× realized-vs-implied ratio, so the options look fairly priced — SNAP's typical move is roughly in line with what's implied. It has exceeded the implied move in 25% of those prints, beaten EPS estimates 0% of the time (8 quarters), and the 1-day reaction has been negative 25% of the time (avg -6.8%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-05-06 | 0.09 | -0.05 | miss | ±12.1% | -2.1% | -8.2% |
| 2026-02-04 | 0.15 | 0.03 | miss | ±14.6% | -13.4% | -15.6% |
| 2025-11-05 | 0.06 | -0.06 | miss | ±14.2% | +9.7% | +24.5% |
| 2025-08-05 | 0.01 | -0.16 | miss | ±14.3% | -17.1% | -22.6% |
| 2025-04-29 | 0.04 | -0.08 | miss | ±16.1% | -12.4% | -8% |
| 2025-02-04 | 0.14 | 0.01 | miss | ±15.8% | -8.4% | -6.3% |
| 2024-10-29 | 0.05 | -0.08 | miss | ±17.8% | +15.9% | +11.9% |
| 2024-08-01 | 0.02 | -0.13 | miss | ±17.4% | -26.9% | -30.2% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
SNAP is scheduled to report on 2026-08-03, after the close. Dates can shift until the company confirms.
The options market is pricing an expected move of about ±12.6% (±$0.59) for SNAP's upcoming report — the size of the move the ATM straddle is pricing in.
Over its last 8 reports, SNAP has beaten EPS estimates 0% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, SNAP moved ±13.2% on average versus a ±12.6% implied move — a 1.05× ratio, so the options have been fairly priced. It exceeded the implied move 25% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See SNAP's positioning too: SNAP gamma exposure → · SNAP options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
