This week marks the busiest week of the second-quarter company earnings season, and among the world’s greatest corporations are on the docket. In coming days, 151 corporations within the S & P 500 are slated to launch their newest quarterly outcomes. That features 4 of the “Magnificent Seven,” Meta Platforms and Microsoft on Wednesday and Amazon and Apple on Thursday. They are going to comply with these from two different notable megacap know-how corporations, YouTube and Google mother or father Alphabet and Tesla . Alphabet shares closed larger Thursday after second-quarter earnings and income topped expectations, whereas Tesla shares nosedived after the electrical automobile maker noticed auto gross sales decline for a second consecutive quarter . Company earnings have confirmed sturdy to this point, with greater than 82% of the 169 S & P 500 corporations which have reported beating Wall Road’s expectations, in keeping with FactSet knowledge. Right here is CNBC Professional’s breakdown of what to anticipate in among the coming week’s most notable studies. All instances are ET. Tuesday Procter & Gamble is scheduled to report earnings earlier than the opening bell, adopted by a convention name at 8:30 a.m. Final quarter: Procter & Gamble slashed its 2025 steerage for core earnings per share and income, citing a slowdown in client spending and the impact of President Donald Trump’s larger tariffs. CEO Jon Moeller additionally stated worth hikes have been probably. This quarter: Analysts surveyed by LSEG count on slight year-over-year earnings and income progress from the Tide detergent and Charmin rest room paper proprietor. What to look at: Heading into the outcomes, JPMorgan’s Andrea Teixeira downgraded Procter & Gamble to a impartial score from outperform on Friday. The analyst cited the outlook for “one other lackluster quarter and normalization of class progress” as justification. “We’re taking a pause as a result of we predict PG natural gross sales progress will stay gentle for the following few quarters because the classes have decelerated,” Teixeira added. That adopted a downgrade from Evercore ISI in mid-July to an in-line score from outperform . Whereas P & G performs properly in conventional brick-and-mortar shops like Costco and Walmart, Evercore ISI discovered it was shedding share on Amazon. What historical past reveals: Procter & Gamble has a robust earnings observe report, with knowledge from Bespoke Funding Group displaying the Cincinnati-based firm beating earnings estimates 85% of the time. Bespoke knowledge additionally reveals that P & G has surpassed analysts’ earnings expectations for 9 consecutive quarters. Boeing is scheduled to report earnings earlier than the market opens, adopted by a convention name at 10:30 a.m. Final quarter: Boeing narrowed its losses and stated it deliberate to hunt approval from the Federal Aviation Administration later this 12 months to extend manufacturing of 737 Max jets. This quarter: The Road anticipates that the industrial jet maker and protection contractor will publish income progress above 29% in comparison with the year-earlier interval, in keeping with LSEG. What to look at: Analysts at Morgan Stanley and JPMorgan are bullish heading into Boeing’s quarter. “Absent any sudden Protection fees in 2Q25, we see the setup as largely constructive for BA heading into the print,” Morgan Stanley’s Kristine Liwag wrote. “With good progress on deliveries and potential upside to near-term money circulation, we stay comfy into earnings and lean constructive,” JPMorgan’s Seth Seifman stated. What historical past reveals: Boeing has overwhelmed Road earnings estimates 67% of the time, in keeping with Bespoke, and shares have seen common features of 0.5% within the following session. Wednesday Meta Platforms is scheduled to report earnings after the market closes, adopted by a convention name at 5:00 p.m. Final quarter: Meta income surpassed Road expectations , and its second-quarter forecast matched what analysts have been anticipating. This quarter: Analysts count on the Fb and Instagram mother or father to publish year-over-year earnings and income progress of greater than 14%, LSEG knowledge reveals. What to look at: Bernstein analyst Mark Shmulik just lately raised his worth goal to $775 from $700 and reiterated an outperform score on the inventory. “Regardless of some eyebrow-raising presents tied to their excessive profile AI expertise hiring spree, Meta seems to be the simplest title to personal in digital advert land. They proceed to be a transparent AI winner, with constructive advert checks supporting firm commentary on bettering advert efficacy,” he wrote. What historical past reveals: Information from Bespoke Funding Group reveals that Meta has overwhelmed earnings expectations in 10 straight quarters and income estimates in 11. Shares common a few 2% rise within the subsequent session. Microsoft is scheduled to report earnings after the closing bell, adopted by a convention name at 5:30 p.m. Final quarter: Microsoft earnings and income beat Wall Road estimates, and the Home windows mother or father provided sturdy steerage. This quarter: Analysts count on that Microsoft, led by CEO Satya Nadella, will see earnings and income progress of roughly 14% versus final 12 months, in keeping with LSEG. What to look at: Analysts at UBS and Citigroup are amongt those that grown extra optimistic forward of Microsoft’s quarterly outcomes. Final week, UBS hiked its worth goal to $600 per share from $500 whereas sustaining a purchase score. “Backside line, the outlook on the 2 greatest components driving Microsoft shares on prints — Azure progress and EPS revisions — seems to be constructive,” wrote analyst Karl Keirstead. “We conclude that 4Q/Jun c/c Azure progress of 36% appears doable.” What historical past reveals: Microsoft has a historical past of beating expectations, with the corporate topping Road earnings estimates 11 quarters in a row and income forecasts for 9 straight quarters, in keeping with Bespoke. In whole, the proprietor of Xbox videogames beats earnings estimates 82% of the time. Thursday Amazon is scheduled to report earnings after the inventory market closes, adopted by a convention name at 5:00 p.m. Final quarter: Amazon issued mild steerage , citing “tariffs and commerce insurance policies” and “recessionary fears.” This quarter: LSEG knowledge signifies that analysts count on the dominant e-commerce platform within the U.S. to report single-digit earnings and income progress in comparison with the identical interval a 12 months in the past. What to look at: Financial institution of America just lately reiterated its purchase score and lifted its 12-month worth goal on the inventory by $17 to $265. “We expect 2Q Retail is establishing for a strong quarter, plus a robust 1Q for [Amazon Web Services] backlog and accelerating quarterly AWS capex spending ought to drive accelerating 2H AWS progress,” wrote analyst Justin Put up. Amazon could situation strong third-quarter income steerage, Put up added, pointing to an extended Prime Day occasion in July as a possible catalyst. What historical past reveals: Bespoke knowledge finds that Amazon has topped earnings estimates for 9 consecutive quarters, and the inventory has traditionally superior nearly 1% the day after reporting outcomes. Apple is scheduled to launch earnings after the closing bell, adopted by a convention name at 5:00 p.m. Final quarter: Apple’s Providers income within the fiscal second quarter reported in Might missed analyst expectations , with CEO Tim Prepare dinner saying it was “very tough” to foretell tariff prices past June “as a result of I am undecided what’s going to occur with tariffs.” This quarter: Analysts see single digit top- and bottom-line progress 12 months over 12 months for the iPhone maker, in keeping with LSEG. What to look at: Goldman Sachs analyst Michael Ng just lately trimmed his worth goal to $251 from $253, however stored his purchase score. “Apple ought to ship a income and EPS beat, pushed by (1) double-digit progress in Providers (+11% yoy); (2) energy throughout Merchandise together with iPhones, Mac, iPad, and Wearables; and (3) better-than-expected gross margins reflecting on higher tariff-related prices and foreign exchange headwinds,” he wrote. Service income will broaden because of continued spending in Apple’s App Retailer, Ng stated. What historical past reveals: Apple has overwhelmed each earnings and income expectations for 9 straight quarters, with an general earnings beat charge of 89%, Bespoke stated. The inventory averages a achieve of 1.2% on the primary buying and selling day following every earnings launch. — CNBC’s Lisa Kailai Han contributed to this report.
