This week, major tech companies including Meta Platforms, Microsoft, Apple, and Amazon are set to report their earnings, with announcements scheduled for July 30 and July 31 after market close. Collectively, the “Magnificent 7” is projected to see a 14% year-over-year increase in second-quarter earnings and an 11.9% rise in revenues.
Microsoft expects a 13.56% increase in earnings, with an average four-quarter earnings surprise of 5.21%. Meta forecasts earnings growth of 12.98% and revenues up 14.77%. Apple, showing a mere 1.43% earnings increase, faces challenges with a forecasted $900 million revenue impact due to tariffs. Amazon anticipates an 8.13% rise in earnings along with projected revenues of $159-$164 billion for the quarter.
Microsoft and Meta stocks have surged over 30% in the past three months, highlighting investor confidence in their AI strategies. In contrast, Apple’s stock has only managed a 2% increase as it grapples with slowing device sales.
