Key Earnings Insights from Zacks.com
Chicago, IL – July 27, 2026 – Zacks.com has identified major companies likely to report earnings surprises this week, including Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN). These high-profile reports are expected on July 29th and July 30th, following Alphabet’s Q2 results, which highlighted a remarkable 82% year-over-year growth in Google Cloud revenues.
Alphabet’s impressive results included a record net income of $112.1 billion, bolstered by a $77.4 billion unrealized gain from SpaceX. However, the company reported negative free cash flow for the first time in its history, raising concerns about future cash flow trends, which may impact Amazon, Meta, and to a lesser extent, Microsoft as well. As the Q2 earnings season progresses, 135 S&P 500 companies have reported a 67.8% earnings growth, with 87.4% exceeding EPS estimates.
Looking ahead, more than 800 companies are set to report earnings this week, representing 34% of S&P 500 members. Total S&P 500 earnings for Q2 2026 are projected to rise by 39.1% year-over-year, driven significantly by the tech sector, which alone contributes to 41% of the index’s total earnings.
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