Companies Anticipate Earnings Surprises This Week
Chicago, IL – May 4, 2026 – Zacks.com has identified top tech companies expected to report earnings surprises this week, including Alphabet (GOOGL), Meta (META), Microsoft (MSFT), and Nvidia (NVDA). Notably, Alphabet reported Q1 earnings on May 3, achieving a *63% growth* in cloud revenue, significantly higher than Amazon’s 28% and Microsoft’s 29%, leading to a revised capital expenditure forecast of *$180 billion to $190 billion* for 2026.
Amazon’s Q1 results showed cloud revenue growth accelerating to *28%*, its fastest pace since 2022. In contrast, Microsoft’s cloud revenue growth remained stagnant at *29%*, causing its shares to lag behind with a *14.5% decline* year-to-date. Nvidia is set to report Q1 results on May 20, expecting *118.5% EPS growth* and *78.7% revenue growth* year-over-year.
As of May 1, 2026, 317 S&P 500 companies have reported Q1 earnings, showing a *23.4% increase* over last year, alongside *11.1% higher revenues*, with approximately *78.5% beating EPS estimates*. The upcoming week will reveal results from over 1,400 companies, including key players like Palantir, Uber, and Disney.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
