Shifting Expectations: Analyzing Alphabet and Tesla’s Performance in Mag 7 Earnings

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Tesla and Alphabet are scheduled to report their Q2 earnings in 2026, with Tesla’s shares down approximately 15% year-to-date. Despite exceeding EPS expectations by double-digit percentages in previous quarters, the electric vehicle manufacturer anticipates a 22% year-over-year increase in earnings and a 12% increase in revenue.

Conversely, Alphabet has performed on par with the S&P 500 this year, consistently beating EPS and revenue expectations in its quarterly releases. For the upcoming report, it expects earnings and revenue to grow by 23% and 24% year-over-year, respectively. Both companies head into their earnings calls with positive earnings and revenue revisions.

This earnings season has seen substantial releases from major banks, paving the way for reports from significant tech players like Tesla and Alphabet in the coming weeks.

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