--- title: "Microsoft Could Swing $189 Billion in Value After Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/294106698.md" description: "Microsoft, Starbucks, Meta, and Lam Research report earnings Wednesday after market close. Options markets imply significant volatility, with Microsoft's $2.9T market cap facing a potential $189B swing (6.48% move) based on expected EPS of $4.23. Starbucks faces a smaller implied move despite growth expectations. Meta and Lam Research also show substantial implied value at stake, reflecting investor anticipation of post-earnings price reactions for these major tech and industrial firms." datetime: "2026-07-28T19:30:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294106698.md) - [en](https://longbridge.com/en/news/294106698.md) - [zh-HK](https://longbridge.com/zh-HK/news/294106698.md) --- # Microsoft Could Swing $189 Billion in Value After Earnings Earnings are set to hit the tape on Wednesday, after the closing bell, and options traders are already laying down markers on how violent the post-print reaction could be, according to Benzinga Pro. This is a Benzinga-selected watchlist spanning consumer, software, semiconductors and cybersecurity. The marquee name on the list is **Microsoft Corp** — but the biggest implied move is saved for the end as the countdown runs from the calmest setup to the most volatile. ## 5\. Starbucks Corp | Mkt Cap: $119B | Implied Move: 5.76% **Starbucks Corp** (NASDAQ:SBUX) reports third quarter of 2026 results, with Wall Street looking for 65 cents in earnings per share on $9.16 billion in revenue. That stacks up against 50 cents on $9.46 billion in the year-ago quarter, setting up a print where profit growth and the top line are moving in different directions. Benzinga Pro data show the options market is implying a 5.76% move, the smallest swing in this five-stock lineup — but with a $119 billion market cap, that still leaves $6.86 billion of market value at stake around the report. Starbucks remains a global coffee giant built on highly customizable drinks and a footprint of nearly 41,000 cafes across more than 80 countries, split between company-operated stores and licensees. The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; in July, **Wells Fargo**, **Morgan Stanley** and **Citigroup** raised their price forecasts. Shares have rallied in 2026, up 23.4% year-to-date and trading 10.7% above the 200-day moving average. The shares sit about 34% above the 52-week low of $77.99. **Read Also: Is Citadel's Surprise July Rate Hike Call Viable? Jim Bianco Says 38% Market Odds Mean It's 'Not That Far'** ## 4\. Microsoft Corp | Mkt Cap: $2.9T | Implied Move: 6.48% **Microsoft Corp** (NASDAQ:MSFT) reports fourth quarter of 2026 results, and expectations are set for $4.23 in earnings per share on $87.61 billion in revenue. A year ago, Microsoft delivered $3.65 on $76.44 billion, so the bar is framed around sustaining growth at massive scale. Options are pricing in a 6.48% move, according to Benzinga Pro — a mid-pack implied swing on this list, but one that matters given Microsoft’s size. With a market cap of $2.92 trillion, Benzinga Pro pegs $189 billion of market value at stake. Microsoft’s stock carries a Buy consensus rating, and the share price sits well below the 180-day average analyst price forecast; in July, **UBS** reiterated its Buy rating and cut its price forecast, while **Guggenheim** reiterated its Buy rating. The stock has pulled back in 2026, down 17.7% year-to-date and trading 9.7% below the 200-day moving average. The shares sit about 29% below the 52-week high of $555.45. ## 3\. Meta Platforms, Inc. | Mkt Cap: $1.5T | Implied Move: 7.08% **Meta Platforms, Inc.** (NASDAQ:META) reports second quarter of 2026 results, with consensus calling for $7.18 in earnings per share on $60.22 billion in revenue. That compares with $7.14 on $47.52 billion in the prior-year quarter, putting the focus on whether revenue momentum continues to do the heavy lifting. Benzinga Pro shows options traders are implying a 7.08% move. On a $1.51 trillion market cap, that translates to $107 billion of market value at stake — a reminder that even "single-digit" implied moves can be enormous in dollar terms for mega-caps. Meta Platforms runs the world’s largest social media ecosystem, with its Family of Apps — Facebook, Instagram, Messenger and WhatsApp — reaching close to 4 billion monthly active users worldwide. The stock carries a Buy consensus rating and the 180-day average analyst price forecast sits well above where the stock trades; in July, **Raymond James**, **Wells Fargo** and **Rothschild & Co** raised their price forecasts. The stock has pulled back in 2026, down 8.7% year-to-date and trading 6.5% below the 200-day moving average. The shares sit about 25% below the 52-week high of $796.25. ## 2\. Lam Research Corp | Mkt Cap: $350B | Implied Move: 10.50% **Lam Research Corp** (NASDAQ:LRCX) reports fourth quarter of 2026 results, and the Street is modeling $1.68 in earnings per share on $6.66 billion in revenue. That’s up from $1.33 on $5.17 billion a year earlier, keeping attention on how demand for wafer-fab tools is flowing through to both sales and profitability. According to Benzinga Pro, the options market is implying a 10.50% move — one of the larger swings in this Benzinga-selected set. With Lam Research valued at $350 billion, Benzinga Pro’s implied stake comes to $36.8 billion of market value in play. Lam Research is a major semiconductor wafer fabrication equipment supplier, specializing in deposition and etch tools used to build and pattern chip layers. The stock carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast; in July, **Evercore ISI Group**, **Stifel** and **Needham** raised their price forecasts. Shares have rallied in 2026, up 57.6% year-to-date and trading 17.5% above the 200-day moving average. The shares sit about 36% below the 52-week high of $438.50. ## 1\. Fortinet, Inc. | Mkt Cap: $112B | Implied Move: 11.69% **Fortinet, Inc.** (NASDAQ:FTNT) reports second quarter of 2026 results, with analysts looking for 73 cents in earnings per share on $1.88 billion in revenue. The year-ago quarter came in at 64 cents on $1.63 billion, setting up a growth-focused print as investors weigh demand for security platforms and subscriptions. Benzinga Pro data show options are pricing in an 11.69% move — the widest implied swing in this five-name watchlist. On a $112 billion market cap, that’s $13.1 billion of market value at stake around earnings. Fortinet sells a platform-based cybersecurity stack spanning network security, cloud security, zero-trust access and security operations, with a majority of revenue tied to subscriptions and support. The stock carries a Hold consensus rating, and the stock is trading above the 180-day average analyst price forecast; in July, **Cantor Fitzgerald**, **Citigroup** and **Truist Securities** raised their price forecasts. Shares have rallied in 2026, up 95.7% year-to-date, trading 53.7% above the 200-day moving average since the 50-day moving average crossed above the 200-day in May. The shares sit about 117% above the 52-week low of $70.12. **Read Also: Pete Hegseth Has ‘Lost My Confidence,’ Thom Tillis Says as Republicans Warn Pentagon Leadership Is Failing to Deliver an Iran Endgame** _Photo: iQoncept / Shutterstock_ ### Related Stocks - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [SBUX.US](https://longbridge.com/en/quote/SBUX.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [SBU.US](https://longbridge.com/en/quote/SBU.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [LRCC.US](https://longbridge.com/en/quote/LRCC.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [LRCU.US](https://longbridge.com/en/quote/LRCU.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [WFC.US](https://longbridge.com/en/quote/WFC.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [RJF.US](https://longbridge.com/en/quote/RJF.US.md) - [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [RJF-B.US](https://longbridge.com/en/quote/RJF-B.US.md) ## Related News & Research - [META Stock Braces for an 8% Post-Earnings Move. Here's What Analysts and the Options Market Expect](https://longbridge.com/en/news/294073415.md) - [Meta Platforms Q2 Preview: Key Items to Watch to Turn Stock Around After Earnings](https://longbridge.com/en/news/294099452.md) - [Caxton Associates LLP Has $201.39 Million Position in Meta Platforms, Inc. $META](https://longbridge.com/en/news/294025196.md) - [Meta Platforms, Inc. $META Shares Sold by Cumberland Partners Ltd](https://longbridge.com/en/news/294170440.md) - [True North Advisors LLC Trims Stock Holdings in Meta Platforms, Inc. $META](https://longbridge.com/en/news/293727611.md)