Spirits maker Brown-Forman Corp. (NYSE: BF) is the largest expected mover this week, with options pricing in a 15.98% swing ahead of its Sept. 2 report.

While Broadcom Inc. (NASDAQ: AVGO) and Dell Technologies Inc. (NYSE: DELL) anchor the tech calendar, the highest volatility expectations lie outside the semiconductor sector. Brown-Forman reports before the open on Sept. 2, with analysts expecting revenue of $915.40 million and earnings of 37 cents per share. Market focus centers on Jack Daniel’s volumes, U.S. spirits demand, and full-year guidance.

Top Implied Movers This Week

The following stocks show the highest expected price swings based on options pricing, according to Benzinga Pro data.

Tech and Infrastructure Earnings

MongoDB Inc. (NASDAQ: MDB) reports Sept. 1 after the close, with consensus at $732.91 million in revenue and $1.61 per share in earnings. Key metrics include Atlas cloud revenue growth, consumption trends, and net retention.

Samsara Inc. (NYSE: IOT) reports Sept. 3 after the close. Analysts model $483.26 million in revenue and 16 cents per share in earnings. Annual recurring revenue growth, net retention, and large-customer additions are the primary drivers.

Zscaler Inc. (NASDAQ: ZS) reports Sept. 3 after the close. Consensus sits at $877.39 million in revenue and $1.08 per share in earnings. Billings, net new annual recurring revenue, and new fiscal year guidance will drive the reaction.

Guidewire Software Inc. (NYSE: GWRE) reports Sept. 3 after the close. Analysts expect $402.21 million in revenue and 94 cents per share in earnings. Levers include annual recurring revenue, cloud transition progress, and full-year guidance.

Hardware and Networking

NetApp Inc. (NASDAQ: NTAP) reports Sept. 2 after the close. Consensus calls for $1.84 billion in revenue and $2.12 per share in earnings. All-flash array demand, cloud revenue, and margins are key indicators.

Ciena Corp. (NYSE: CIEN) reports Sept. 3 before the open. Analysts model $1.63 billion in revenue and $1.72 per share in earnings. Orders from cloud and AI data centers, backlog, and gross margin are the swing factors.

Hewlett Packard Enterprise Co. (NYSE: HPE) reports Sept. 2 after the close. Analysts expect $11.89 billion in revenue and 93 cents per share in earnings. AI server orders, Juniper integration, and margins drive the reaction. HPE has more than doubled in 2026, up 119.3%, making it the top performer on this list.

Software and Cloud

DocuSign Inc. (NASDAQ: DOCU) reports Sept. 3 after the close. Consensus sits at $867.43 million in revenue and $1.09 per share in earnings. Billings, net retention, and the rollout of its agreement-management platform are critical.

Snowflake Inc. (NYSE: SNOW) reports Sept. 2 after the close. Analyst consensus calls for $1.48 billion in revenue and 45 cents per share in earnings. Product revenue growth, net revenue retention, and traction in AI features are the levers. Snowflake has jumped 49.4% this year.

What the Numbers Show

Hewlett Packard Enterprise stands out as the only company on the list with a year-to-date gain exceeding 100%, rising 119.3% in 2026. In contrast, Zscaler is the worst performer, down 17.9% in the same period, despite having a high implied move of 12.75%. This divergence suggests significant uncertainty around Zscaler's results compared to the strong momentum driving HPE's valuation.

Brown-Forman's position as the top implied mover highlights that market volatility expectations are not confined to the technology sector, with consumer staples facing substantial pricing pressure ahead of its report.

Brown-Forman Corporation (NYSE: BFA, BFB) announced that its Board of Directors has determined an unsolicited acquisition proposal from Sazerac is not actionable. The Board reached this conclusion after considering the views of Wolf Pen Branch, LP, a collection of Brown family members representing the majority of the company’s Class A shares. This decision signals a rejection of the takeover attempt and reaffirms management’s confidence in the company’s independent strategic direction and ability to deliver long-term value.

Wolf Pen Branch, LP stated that as fourth-, fifth-, and sixth-generation shareholders, they are confident in the strength and competitive position of the business. The family group concluded that Sazerac’s proposal does not align with their vision for Brown-Forman’s future, emphasizing their deep care for the company’s brands, people, and culture. Marshall B. Farrer, Chairman of Brown-Forman, echoed this sentiment, noting that the Board and leadership team remain focused on executing the company’s strategic plan.

The company outlined key strategic priorities driving its long-term growth outlook. These include expanding its geographic footprint, building brands that resonate with consumers, and enhancing operational efficiency. Brown-Forman also indicated it continues to explore additional opportunities to create sustained value for all shareholders while navigating the next chapter of leadership. The Board emphasized that the company remains well-positioned to deliver on these objectives without external acquisition pressure.

Strategic Context

Brown-Forman Corporation is a global leader in the spirits industry, headquartered in Louisville, Kentucky. With approximately 4,900 employees worldwide, the company shares its portfolio in more than 170 countries. Its premium brand portfolio includes the Jack Daniel’s Family of Brands, Woodford Reserve, Old Forester, New Mix, el Jimador, Herradura, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Gin Mare, Fords Gin, Chambord, and Slane.

Risk Factors

The press release included standard forward-looking statements defined under U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Brown-Forman highlighted several risks that could cause actual results to differ materially from projections. Key risks include disruption to business or operations related to the unsolicited proposal, leadership transitions, and substantial dependence on the continued growth of the Jack Daniel’s family of brands.

Additional risks cited involve competition from new entrants and consolidations, changes in trade policies or tariffs, shifts in consumer preferences away from brown spirits or larger producers, and supply chain disruptions. The company also noted exposure to foreign currency fluctuations, particularly due to a stronger U.S. dollar, and potential changes in tax rates or regulatory measures affecting beverage alcohol production and sale.