This week marks a significant event for the S&P 500 as nearly a third of the index is set to report earnings during the first quarter earnings season. On Wednesday, April 29, 2026, four of the “Magnificent 7” companies—Alphabet, Microsoft, Amazon, and Meta Platforms—will announce their financial results after the market closes. This is particularly notable since such a simultaneous reporting by these high-profile companies is rare.
Key expectations for these companies include Alphabet’s projected earnings rise of 6.8%, Microsoft’s forward P/E at 24.8, Amazon’s earnings estimate of $1.67, and Meta’s anticipated earnings increase of 27%. Other notable companies like Carvana and Chipotle Mexican Grill will also be reporting on the same day, with Carvana expected to see a decline in earnings of 17.5% this year.
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