Earnings season stays in focus from next week, with a Benzinga-selected slate that leans heavily into AI infrastructure, optical hardware and space communications. For retail traders, the cleanest "expectations check" often shows up in the options market, where implied moves translate the tug-of-war between a beat, a miss and — more often — guidance, according to Benzinga Pro.
The marquee name on this list is Coherent, but the biggest implied swing is saved for the final section as the countdown runs from the tightest setup to the widest.
9. Rocket Lab Corp. | Mkt Cap: $45B | Implied Move: 12.67%
Rocket Lab Corp. (NASDAQ:RKLB) reports second quarter of 2026 results on Monday after the closing bell. Wall Street is looking for a 7 cent per share loss on $231.79 million in revenue, compared with a 13 cent per share loss on $144.50 million a year ago.
Benzinga Pro data show options are pricing in a 12.67% move around the print. With Rocket Lab valued at $45.4 billion, that’s about $5.76 billion of market value at stake as traders handicap how much progress the company is making as it scales.
Rocket Lab builds rockets and spacecraft and sells end-to-end mission services across civil, defense and commercial customers — a business where cadence, execution and contract momentum can matter as much as the quarter’s headline numbers. The stock carries a Buy consensus rating, and the stock is trading well below the 180-day average analyst price forecast; in July, KGI Securities upgraded the stock to Outperform, while Piper Sandler initiated coverage with a Neutral rating.
Shares have traded largely flat in 2026, down 0.4% year-to-date and trading 0.8% above the 200-day moving average. Even with that stability, the stock sits about 48% below the 52-week high of $151 heading into earnings.
8. AST SpaceMobile, Inc. | Mkt Cap: $21B | Implied Move: 13.11%
AST SpaceMobile, Inc. (NASDAQ:ASTS) reports second quarter of 2026 results on Monday after the closing bell. Consensus calls for a 29 cent per share loss on $34.54 million in revenue, compared with a 41 cent per share loss on $1.16 million in the prior-year quarter.
Options traders are braced for volatility here: Benzinga Pro shows an implied move of 13.11%, or roughly $2.69 billion of market value at stake given AST SpaceMobile’s $20.5 billion market cap. That’s a meaningful swing for a company still in buildout mode, where updates on deployment and commercialization can drive the post-earnings reaction.
AST SpaceMobile is designing and manufacturing its BlueBird satellite constellation as it works toward a space-based cellular broadband network. The stock carries a Hold consensus rating, and the share price sits below the 180-day average analyst price forecast; in July, B. Riley Securities upgraded the stock to Buy and Scotiabank upgraded it to Sector Perform.
The stock has pulled back in 2026, down 19.3% year-to-date, trading 16.3% below the 200-day moving average after the 50-day moving average crossed below the 200-day in July. The shares sit about 49% below the 52-week high of $133.86.
7. Super Micro Computer, Inc. | Mkt Cap: $19B | Implied Move: 13.29%
Super Micro Computer, Inc. (NASDAQ:SMCI) reports fourth quarter of 2026 results on Tuesday after the closing bell. The Street is modeling 69 cents in earnings per share on $11.73 billion in revenue, up from 41 cents on $5.76 billion a year ago.
Benzinga Pro data show the options market implying a 13.29% move. With Super Micro Computer valued at $19.4 billion, that sets up about $2.58 billion of market cap in play as investors weigh demand signals tied to cloud and data-center buildouts.
Super Micro Computer sells high-performance server technology into cloud computing, data centers, high-performance computing and embedded markets — a mix that can turn quickly on customer spending and product cycles. The stock carries a Hold consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in July, Rosenblatt reiterated its Buy rating and raised its price forecast, while Mizuho reiterated Neutral and cut its price forecast.
The stock has pulled back in 2026, down 5.1% year-to-date and trading 7.0% below the 200-day moving average. The shares sit about 49% below the 52-week high of $58.78.
6. CoreWeave, Inc. | Mkt Cap: $47B | Implied Move: 13.62%
CoreWeave, Inc. (NASDAQ:CRWV) reports second quarter of 2026 results on Tuesday after the closing bell. Analysts expect a $1.27 per share loss on $2.56 billion in revenue, compared with a 27 cent per share loss on $1.21 billion a year ago.
According to Benzinga Pro, options are pricing in a 13.62% move, putting about $6.46 billion of market value at stake based on CoreWeave’s $47.5 billion market cap. That’s a sizable implied reaction for a company sitting at the center of the GPU-and-AI infrastructure trade.
CoreWeave positions itself as a modern cloud infrastructure provider built around Nvidia GPUs and other AI hardware optimized for training and inference workloads. The stock carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast; in August, Piper Sandler initiated coverage with an Overweight rating, and Citigroup reiterated Buy while cutting its price forecast.
Shares have rallied in 2026, up 7.6% year-to-date, trading 7.3% below the 200-day moving average after the 50-day moving average crossed below the 200-day in July. The shares sit about 43% below the 52-week high of $153.20.
5. Lumentum Holdings Inc. | Mkt Cap: $68B | Implied Move: 13.91%
Lumentum Holdings Inc. (NASDAQ:LITE) reports fourth quarter of 2026 results on Tuesday after the closing bell. Wall Street is looking for $2.89 in earnings per share on $987.24 million in revenue, compared with 88 cents on $480.70 million in the year-ago quarter.
Benzinga Pro shows options implying a 13.91% move, and with Lumentum Holdings valued at $68.2 billion, that’s about $9.48 billion of market value at stake. The setup matters because the stock has already made a big run, and earnings can quickly reset expectations.
Lumentum sells optical and photonic products — including components used in telecom networking equipment — alongside commercial lasers used in manufacturing and lab environments. The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; in July, Barclays upgraded the stock to Overweight, while TD Cowen reiterated Hold and cut its price forecast.
Shares have rallied in 2026, up 117.1% year-to-date and trading 42.6% above the 200-day moving average. The stock sits about 19% below the 52-week high of $1085.68 heading into the report.
4. Venture Global, Inc. | Mkt Cap: $34B | Implied Move: 14.02%
Venture Global, Inc. (NYSE:VG) reports second quarter of 2026 results on Tuesday before the opening bell. The consensus view calls for 49 cents in earnings per share on $4.57 billion in revenue, up from 14 cents on $3.10 billion a year ago.
Options markets are signaling a potentially sharp reaction: Benzinga Pro data show an implied move of 14.02%. With Venture Global’s market cap at $33.7 billion, that implies roughly $4.72 billion of market value at stake as traders parse margins, volumes and any forward commentary.
Venture Global operates two liquefied natural gas production facilities in Louisiana and has leaned into modular, factory-built equipment to drive output. The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast; in July, Mizuho reiterated Neutral and raised its price forecast, and in June, Bernstein initiated coverage with a Market Perform rating.
Shares have rallied in 2026, up 92.9% year-to-date and trading 25.5% above the 200-day moving average. The stock is about 23% below the 52-week high of $17.62.
3. Coherent Corp. | Mkt Cap: $69B | Implied Move: 14.94%
Coherent Corp. (NYSE:COHR) reports fourth quarter of 2026 results on Wednesday after the closing bell. The Street is forecasting $1.58 in earnings per share on $1.98 billion in revenue, compared with $1.00 on $1.53 billion a year ago.
Benzinga Pro shows the options market implying a 14.94% move, with about $10.3 billion of market value at stake given Coherent’s $68.9 billion market cap. That’s a large implied swing for a company tied to both communications and industrial demand, where guidance can be as market-moving as the quarter itself.
Coherent develops and manufactures lasers, transceivers and other optical and optoelectronic devices and engineered materials used across communications, industrial and instrumentation markets. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in July, Raymond James reiterated Strong Buy and raised its price forecast, and in June, Rosenblatt reiterated Buy.
Shares have rallied in 2026, up 72.0% year-to-date and trading 35.9% above the 200-day moving average. The stock sits about 20% below the 52-week high of $440.
2. Cerebras Systems Inc. | Mkt Cap: $48B | Implied Move: 16.26%
Cerebras Systems Inc. (NASDAQ:CBRS) reports second quarter of 2026 results on Wednesday after the closing bell. Analysts are calling for a 19 cent per share loss on $193.68 million in revenue.
Benzinga Pro data show options implying a 16.26% move, putting about $7.77 billion of market value at stake based on Cerebras Systems’ $47.8 billion market cap. That elevated implied range fits a name where sentiment can pivot quickly on demand signals for AI training and inference infrastructure.
Cerebras Systems designs AI infrastructure for training and inference and builds large semiconductors alongside the systems needed to power and cool them. The stock carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast; in July, Mizuho reiterated Outperform and raised its price forecast, while in June, UBS reiterated Buy and raised its price forecast.
The stock has declined in 2026, down 32.1% year-to-date. The shares sit about 44% below the 52-week high of $386.34.
1. Nebius Group N.V. – | Mkt Cap: $49B | Implied Move: 18.30%
Nebius Group N.V. – (NASDAQ:NBIS) reports second quarter of 2026 results on Wednesday before the opening bell. Wall Street expects a 73 cent per share loss on $576.67 million in revenue, compared with a 38 cent per share loss on $105.10 million a year ago.
This is the widest implied move on the list: Benzinga Pro shows options pricing in an 18.30% swing. With Nebius. – valued at $49.1 billion, that’s about $8.99 billion of market value at stake as traders brace for a potentially decisive read-through on growth and spending.
Nebius is a vertically integrated cloud provider focused on AI and high-performance computing, and it’s a carve-out of the previous Russian tech firm Yandex following sanctions tied to the Ukraine-Russia war. The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; in August, Citigroup reiterated Buy and cut its price forecast, while Piper Sandler initiated coverage with a Neutral rating.
Shares have rallied in 2026, up 111.1% year-to-date and trading 37.8% above the 200-day moving average. The stock sits about 34% below the 52-week high of $299.86 heading into the report.
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