Earnings season takes center stage next week, with options markets already pricing in potentially sharp post-results moves, according to Benzinga Pro.

This is a Benzinga-selected watchlist spanning consumer staples, industrial power equipment and software, plus a pair of major semiconductor names. The marquee name on this list is Alphabet Inc Class (NASDAQ:GOOGL) (NASDAQ:GOOG) — but the biggest implied move is saved for the final section as the countdown runs from the calmest setup to the most volatile.

15. American Express Company | Mkt Cap: $246B | Implied Move: 5.24%

American Express Company (NYSE:AXP) reports second quarter of 2026 results on Friday before the opening bell.

Wall Street is looking for $4.40 in earnings per share on $19.66 billion in revenue, compared with $4.08 on $17.86 billion a year ago — a setup that puts the focus on spending trends across its consumer and business card base.

Benzinga Pro data show options are pricing in a 5.24% move around the report. With a $246 billion market cap, that implies about $12.9 billion of market value at stake as traders weigh both the quarter and any read-through on credit and payments momentum.

American Express runs a global charge and credit card franchise and also operates a highly profitable merchant payment network. The stock carries a Hold consensus rating, and the stock is trading below the 180-day average analyst price forecast; in July, JP Morgan upgraded the stock to Overweight and raised its price forecast, while HSBC reiterated its Hold rating and raised its price forecast.

American Express has declined in 2026, down 3.0% year-to-date, yet it trades 6.6% above the 200-day moving average. The shares sit about 25% above the 52-week low of $288.34 heading into the print.

14. Union Pacific Corp. | Mkt Cap: $179B | Implied Move: 5.44%

Union Pacific Corp. (NYSE:UNP) reports second quarter of 2026 results on Thursday before the opening bell.

Consensus estimates call for $3.16 in earnings per share on $6.57 billion in revenue, essentially flat on EPS versus $3.15 a year ago but with revenue expected to rise from $6.15 billion — a mix that can keep investors keyed on volumes, pricing and operating efficiency.

According to Benzinga Pro, the options market is implying a 5.44% move. On a $179 billion market cap, that’s roughly $9.72 billion of market value in play as traders handicap how much of the recent optimism is already reflected.

Union Pacific is the largest public railroad in North America, operating more than 30,000 miles of track across the western two-thirds of the U.S. The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast; in July, Citizens initiated coverage with a Market Outperform rating, and Susquehanna reiterated its Positive rating and raised its price forecast.

Union Pacific has been a standout on the tape in 2026, up 29.1% year-to-date and trading 21.7% above the 200-day moving average. The stock is within 0.3% of the 52-week high of $300.06.

13. Verizon Communications | Mkt Cap: $185B | Implied Move: 5.52%

Verizon Communications (NYSE:VZ) reports second quarter of 2026 results on Friday before the opening bell.

Analysts expect $1.27 in earnings per share on $35.33 billion in revenue, up from $1.22 on $34.50 billion a year ago. With wireless services accounting for 75% of total service revenue and nearly all operating income, the quarter can hinge on what management says about subscriber trends and network economics.

Benzinga Pro data show options are pricing in a 5.52% move around earnings, putting about $10.2 billion of market value at stake given Verizon Communications’ $185 billion market cap.

Verizon Communications is the largest U.S. wireless carrier, serving about 94 million postpaid and 20 million prepaid phone customers on its nationwide network. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in July, Wells Fargo initiated coverage with a Equal-Weight rating, while Scotiabank reiterated its Sector Outperform rating and cut its price forecast.

Verizon Communications has rallied in 2026, up 8.3% year-to-date, but it’s still trading 0.3% below the 200-day moving average.

12. Blackstone Inc. | Mkt Cap: $156B | Implied Move: 5.52%

Blackstone Inc. (NYSE:BX) reports second quarter of 2026 results on Thursday before the opening bell.

The Street is modeling $1.35 in earnings per share on $3.42 billion in revenue, compared with $1.21 on $3.08 billion a year ago. For an alternative-asset manager, the print can be less about a single quarter’s revenue line and more about what it signals for fee-related earnings power and realizations.

Options traders are braced for a 5.52% move, according to Benzinga Pro. With a $156 billion market cap, that implies about $8.63 billion of market value at stake as investors weigh the earnings update against broader sentiment toward private markets.

Blackstone is the world’s largest alternative-asset manager, with $1.304 trillion in total assets under management and $937.6 billion in fee-earning assets under management at the end of March 2026. The stock carries a Buy consensus rating, and shares trade below the 180-day average analyst price forecast; in July, JP Morgan, Evercore ISI Group and RBC Capital cut their price forecasts.

Blackstone has pulled back in 2026, down 18.8% year-to-date and trading 4.5% below the 200-day moving average. The shares sit about 33% below the 52-week high of $190.09.

11. Lockheed Martin Corp. | Mkt Cap: $119B | Implied Move: 5.58%

Lockheed Martin Corp. (NYSE:LMT) reports second quarter of 2026 results on Thursday before the opening bell.

Consensus calls for $7.23 in earnings per share on $19.37 billion in revenue, versus $7.29 on $18.16 billion a year ago. That combination sets up a quarter where investors may parse how revenue growth is translating into per-share results.

Benzinga Pro data show the options market is implying a 5.58% move. With a $119 billion market cap, that suggests roughly $6.62 billion of market value at stake as traders position for the defense contractor’s update.

Lockheed Martin is the world’s largest defense contractor and has dominated the Western market for high-end fighter aircraft since winning the F-35 Joint Strike Fighter program in 2001. The stock carries a Hold consensus rating, and the stock is trading below the 180-day average analyst price forecast; in July, Citigroup upgraded the stock to Buy and raised its price forecast, while TD Cowen reiterated its Hold rating and cut its price forecasts.

Lockheed Martin has rallied in 2026, up 3.3% year-to-date, but it’s trading 5.2% below the 200-day moving average into earnings. The shares sit about 26% below the 52-week high of $692.00.

10. Danaher Corp. | Mkt Cap: $145B | Implied Move: 5.59%

Danaher Corp. (NYSE:DHR) reports second quarter of 2026 results on Tuesday, before the opening bell.

Wall Street is looking for $1.84 in earnings per share on $6.11 billion in revenue, compared with $1.80 on $5.94 billion a year ago — a modest step up that still matters for a company with multiple end markets tied to industrial and measurement tools.

Benzinga Pro data show options are pricing in a 5.59% move around the print, with roughly $8.11 billion of market value at stake.

Danaher traces its roots to an industrial-focused manufacturing platform and today sits in the industrial instruments for measurement, display, and control space. The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; recent notes included Evercore ISI Group reiterating Outperform while cutting its price forecast and Piper Sandler initiating coverage with a Neutral rating.

Danaher has declined in 2026, down 11.0% year-to-date while trading 0.3% above the 200-day moving average. The shares sit about 16% below the 52-week high of $242.80.

9. T-Mobile US, Inc. | Mkt Cap: $210B | Implied Move: 6.39%

T-Mobile US, Inc. (NASDAQ:TMUS) reports second quarter of 2026 results on Thursday, before the opening bell.

Consensus estimates call for $2.58 in earnings per share on $22.98 billion in revenue, versus $2.84 on $21.13 billion in the prior-year quarter. That mix — higher revenue but lower EPS — puts extra focus on margins and the quality of growth as investors parse the quarter.

According to Benzinga Pro, the options market is implying a 6.39% move, putting about $13.4 billion of market value at stake for the wireless carrier.

T-Mobile US was built through a series of mergers that culminated in the Sprint deal, creating the second-largest wireless carrier in the US. Analysts rate the stock a Buy, and the share price sits below the 180-day average analyst price forecast; in July, Scotiabank reiterated Sector Outperform and cut its price forecast, while Wells Fargo initiated coverage with an Equal-Weight rating.

T-Mobile US has pulled back in 2026, down 3.4% year-to-date and trading 3.6% below the 200-day moving average. The shares sit about 26% below the 52-week high of $261.56.

8. Tesla, Inc. | Mkt Cap: $1.4T | Implied Move: 6.40%

Tesla, Inc. (NASDAQ:TSLA) reports second quarter of 2026 results on Wednesday, after the closing bell.

The Street is modeling 44 cents in earnings per share on $25.24 billion in revenue, up from 40 cents on $22.50 billion a year ago. With expectations pointing to year-over-year growth on both lines, the market’s attention often shifts quickly to what management says about demand and the company’s broader AI and autonomy roadmap.

Options traders are pricing in a 6.40% move, according to Benzinga Pro — a meaningful swing for a $1.44 trillion company, with roughly $92.4 billion of market value at stake.

Tesla is a vertically integrated battery electric vehicle automaker that also develops real-world artificial intelligence software spanning autonomous driving and humanoid robots. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in July, Morgan Stanley, Barclays and Wells Fargo raised their price forecasts.

Tesla has pulled back in 2026, down 10.7% year-to-date, and it trades 7.9% below the 200-day moving average after the 50-day moving average crossed below the 200-day in April. The shares sit about 23% below the 52-week high of $498.83.

7. Thermo Fisher Scientific, Inc. | Mkt Cap: $205B | Implied Move: 6.46%

Thermo Fisher Scientific, Inc. (NYSE:TMO) reports second quarter of 2026 results on Thursday, before the opening bell.

Analysts expect $5.71 in earnings per share on $11.70 billion in revenue, compared with $5.36 on $10.86 billion in the year-ago quarter. That sets up a quarter where investors will be watching whether demand for instruments, consumables and reagents is translating into steady earnings leverage.

Benzinga Pro data show options are implying a 6.46% move, with about $13.2 billion of market value at stake.

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The stock has a Buy consensus rating and shares trade below the 180-day average analyst price forecast; recent coverage included Evercore ISI Group reiterating Outperform while cutting its price forecasts and Bernstein maintaining a Market Perform rating.

Thermo Fisher Scientific has declined in 2026, down 8.3% year-to-date, but it trades 2.7% above the 200-day moving average. The shares sit about 16% below the 52-week high of $643.99.

6. Alphabet Inc. | Mkt Cap: $4.2T | Implied Move: 6.54%

Alphabet Inc. reports second quarter of 2026 results on Wednesday, after the closing bell.

Wall Street’s consensus calls for $2.88 in earnings per share on $113.63 billion in revenue, up from $2.31 on $96.43 billion a year ago. With the company’s scale, the quarter can hinge on whether core advertising trends and broader platform momentum line up with those growth expectations.

According to Benzinga Pro, options are pricing in a 6.54% move, with roughly $278 billion of market value at stake.

Alphabet is the holding company for Google and derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Analysts rate the stock a Buy, and the stock is trading below the 180-day average analyst price forecast; in recent months, TD Cowen, Oppenheimer and JP Morgan reiterated bullish-leaning ratings while raising their price forecasts.

Alphabet has rallied in 2026, up 12.2% year-to-date and trading 8.7% above the 200-day moving average. The shares sit about 93% above the 52-week low of $180.71.

5. Philip Morris International Inc. | Mkt Cap: $298B | Implied Move: 7.28%

Philip Morris International Inc. (NYSE:PM) reports second quarter of 2026 results on Wednesday before the opening bell.

Wall Street is looking for $2.05 in earnings per share on $10.58 billion in revenue, compared with $1.91 per share on $10.14 billion a year ago — a setup that puts both pricing power and volume/mix in focus.

Benzinga Pro data show options are pricing in a 7.28% move around the report, representing $21.7 billion of market value at stake, given Philip Morris International’s $298 billion market cap.

Philip Morris International sells cigarettes and reduced-risk products — including heat sticks, vapes and oral nicotine — primarily outside the U.S. The stock carries a Buy consensus rating, and the stock is trading near the 180-day average analyst price forecast; in July, UBS reiterated its Neutral rating and raised its price forecast, while Morgan Stanley reiterated its Overweight rating and raised its price forecast in June.

Shares have rallied in 2026, up 18.4% year-to-date and trading 13.8% above the 200-day moving average, with the stock within 1% of the 52-week high of $193.05.

4. GE Vernova Inc. | Mkt Cap: $272B | Implied Move: 8.19%

GE Vernova Inc. (NYSE:GEV) reports second quarter of 2026 results on Wednesday before the opening bell.

Consensus estimates call for $3.22 in earnings per share on $10.75 billion in revenue, up from $1.86 per share on $9.11 billion in the prior-year quarter — a big year-over-year step that keeps attention on execution across power, wind and electrification.

According to Benzinga Pro, the options market is implying an 8.19% move, putting about $22.3 billion of market value in play for GE Vernova’s $272 billion market cap.

GE Vernova is a global electric-power supplier, selling equipment and services that generate, transfer, convert and store electricity. It carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast; in June, Bernstein initiated coverage with an Outperform rating, while Jefferies reiterated its Buy rating and cut its price forecast.

GE Vernova has been strong into the print, up 52.5% year-to-date and trading 24.0% above the 200-day moving average. Even after that run, the shares sit about 15% below the 52-week high of $1195.94.

3. Texas Instruments Inc. | Mkt Cap: $259B | Implied Move: 9.50%

Texas Instruments Inc. (NASDAQ:TXN) reports second quarter of 2026 results on Wednesday after the closing bell.

The Street is modeling $1.92 in earnings per share on $5.23 billion in revenue, versus $1.41 per share on $4.45 billion a year earlier — a quarter where investors will be listening closely for demand signals across analog and embedded markets.

Options traders are pricing in a 9.50% move, Benzinga Pro data show, with roughly $24.6 billion of market value at stake based on Texas Instruments’ $259 billion market cap.

Texas Instruments generates more than 95% of revenue from semiconductors and is the world’s largest maker of analog chips used to process real-world signals like sound and power. The stock has a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in July, Keybanc reiterated its Overweight rating and raised its price forecast and TD Cowen reiterated its Buy rating and raised its price forecast.

Texas Instruments has surged in 2026, up 64.0% year-to-date and trading 29.0% above the 200-day moving average. The shares sit about 87% above the 52-week low of $152.73.

2. Servicenow, Inc. | Mkt Cap: $104B | Implied Move: 10.96%

Servicenow, Inc. (NYSE:NOW) reports second quarter of 2026 results on Wednesday after the closing bell.

Analysts expect 76 cents in earnings per share on $3.93 billion in revenue, compared with 82 cents on $3.21 billion in the year-ago quarter — a mix that puts the spotlight on growth durability and margins as enterprises keep scrutinizing software spend.

Benzinga Pro shows the options market is implying a 10.96% move, which equates to about $11.4 billion of market value at stake for Servicenow’s $104 billion market cap.

Servicenow sells SaaS software that helps enterprises structure and automate business processes, with a core focus on IT workflows. It carries a Buy consensus rating, and shares trade well below the 180-day average analyst price forecast; in July, Oppenheimer reiterated its Outperform rating and raised its price forecast, while Citigroup reiterated its Buy rating and cut its price forecast.

Servicenow is the weakest YTD name in this group heading into earnings, down 29.5% year-to-date and trading 21.6% below the 200-day moving average. The shares sit about 52% below the 52-week high of $210.20.

1. Intel Corp | Mkt Cap: $471B | Implied Move: 13.04%

Intel Corp (NASDAQ:INTC) reports second quarter of 2026 results on Thursday after the closing bell.

Wall Street’s consensus calls for 19 cents in earnings per share on $14.40 billion in revenue. That compares with a 10 cent per share loss on $12.86 billion a year ago, setting up a high-attention print for a company investors watch closely for both PC and data center demand signals.

Benzinga Pro data show options are pricing in a 13.04% move — the widest implied move on this Benzinga-selected list — with $61.4 billion of market value at stake given Intel’s $471 billion market cap.

Intel designs and manufactures microprocessors for global personal computer and data center markets. The stock carries a Hold consensus rating, and the stock is trading below the 180-day average analyst price forecast; in July, Susquehanna, Keybanc and UBS raised their price forecasts.

Intel has been the group’s YTD leader, up 146.3% in 2026 and trading 46.7% above the 200-day moving average. Even after that surge, the shares sit about 34% below the 52-week high of $142.35.

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