$BE getting hammered -11% to ~$193 post-earnings despite crushing Q3
Revenue hit record $1.24B (+138% YoY), beat on adj EPS $0.94 vs $0.69 est, and they even raised 2026 guidance
So why the dump?
Operating cash flow went from +$226M in Q2 to -$27M. That's a red flag. Roth, JPM, and BTIG all slashed price targets immediately
Risk Reversal Skew tells the real story: spiked positive going into earnings as smart money bought downside protection. Now it's back to 0.00
Last time this exact setup happened (late July), $BE bottomed around $160 then ripped toward $300
If you're a degen, sub-$190 might be the entry. If you're risk-off, wait for cash flow to stabilize
Revenue hit record $1.24B (+138% YoY), beat on adj EPS $0.94 vs $0.69 est, and they even raised 2026 guidance
So why the dump?
Operating cash flow went from +$226M in Q2 to -$27M. That's a red flag. Roth, JPM, and BTIG all slashed price targets immediately
Risk Reversal Skew tells the real story: spiked positive going into earnings as smart money bought downside protection. Now it's back to 0.00
Last time this exact setup happened (late July), $BE bottomed around $160 then ripped toward $300
If you're a degen, sub-$190 might be the entry. If you're risk-off, wait for cash flow to stabilize