Robert Daly
As market volatility shakes investor confidence, earnings reports from Big Tech’s ‘Magnificent Seven’—including Tesla, Microsoft, Amazon, and others are under intense scrutiny.
Their results could set the tone for the broader market, revealing how these giants are navigating economic uncertainties, inflation pressures, and shifting consumer demand.
Alphabet (NASDAQ:GOOG) and Tesla (NASDAQ:TSLA) will kick off the Magnificent Seven’s Q2 earnings season on Wednesday, July 23. They’ll be followed by Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT), both set to report after the market closes on Wednesday, July 30.
Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) will round out the group, with earnings scheduled for release post-market on Thursday, July 31.
While some names posted strong gains on the back of resilient earnings and AI-driven momentum, the group as a whole took a hit following President Donald Trump’s tariff increases. Despite the setbacks, investor focus remains firmly on AI-related growth as a long-term driver.
Below are the market’s expectations for each of the Magnificent Seven stocks:
Tesla (NASDAQ:TSLA): Expected to report an EPS of $0.40/share on revenue of $22.13B.
Investors remain cautious as Tesla navigates a more challenging operating environment marked by declining revenue, compressed margins, and shrinking free cash flow.
Adding to investor uncertainty is increasingly vague corporate guidance and the growing distraction of CEO Elon Musk’s political ventures, which risk diverting focus from core business execution and potentially impacting brand perception.
The market is also beginning to doubt the mix of the EV maker’s AI dream, Cybertruck, and Robotaxi, and is returning to examining operational reality as it truly is, according to Agar Capital, which has a ‘strong sell’ on the stock.
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG): Expected to report EPS of $2.20/share on revenue of $93.98B.
From an investor’s perspective, while Alphabet faces ongoing challenges from AI, especially in how it could reshape traditional search dynamics, the company’s ability to adapt quickly, like many software-focused tech giants, keeps it firmly in the competitive game, Brian Gilmartin, a portfolio manager at Trinity Asset Management, noted.
Investors will be watching closely to see how effectively Alphabet can diversify its revenue streams while navigating AI-driven disruptions to its core search business.
Microsoft (NASDAQ:MSFT): Analysts project fiscal Q4 EPS of $3.38 on revenue of $73.80 billion.
Microsoft’s earnings are expected to be propelled by rapid AI adoption across its product ecosystem, continued strength in cloud services, and substantial investment in data center infrastructure—all contributing to anticipated double-digit earnings growth.
Looking ahead, investors will closely watch the pace of AI integration into core platforms like Azure, Office, and GitHub, as well as the company’s ability to convert AI-driven demand into recurring revenue.
Key focus areas will include operating margin trends amid rising capital expenditures, the competitive positioning of Azure against peers, and management’s commentary on long-term monetization strategies.
Meta Platforms (NASDAQ:META): Expected to report an EPS of $5.84/share on revenue of $44.77B.
Meta’s stock has surged nearly 50% since its April low and could be poised to reach new highs as markets grow more confident that ad spending will remain resilient, even in the face of a potential economic slowdown in the second half of 2025.
Looking ahead, AI continues to be the key growth engine for the company, driven by the rollout of Llama 4, a series of targeted AI acquisitions, and the ongoing expansion of Meta’s in-house AI teams.
Apple (NASDAQ:AAPL): Expected to report FQ3 EPS of $1.43/share on revenue of $88.89B.
Envision Research expects investor attention to center on the continued strength of subscription and services revenue—segments that are poised to deliver robust growth and further enhance Apple’s already strong margins in the years ahead.
While concerns about slowing iPhone growth are valid and remain part of the bear case, the long-term investment story is increasingly shifting toward services, the brokerage said.
But according to Daniel Schönberger’s analysis, analysts might still be too optimistic at this point, arguing that not only does Apple still seem to lag in AI, but the high levels of uncertainty created by tariffs also create a rather challenging environment.
Amazon (NASDAQ:AMZN)
The tech giant’s year-to-date share price underperformance relative to the broader market reflects a key divergence between its revenue and earnings growth trajectories.
While Q2 revenue is projected to rise 9.4% year-over-year, EPS growth is expected to be far more modest at just 3.6%, raising questions about margin leverage and cost efficiency.
As investors look ahead to the upcoming earnings release, attention will be sharply focused not only on headline beats or misses but also on forward guidance, particularly in light of macro uncertainties such as new tariffs.
Commentary on cost control and operational resilience remains critical to investor sentiment in the near term, KM Capital said.
Nvidia (NASDAQ:NVDA): Analysts expect a nearly 47% profit growth and a 52% revenue increase.
Nvidia can now sell older AI GPU chips to China, reversing a previous sales block and unlocking a $50 billion annual market opportunity. Nvidia’s FQ3 and FQ4 revenue guidance, therefore, could see significant upside as Chinese sales resume, potentially pushing quarterly sales far above current consensus estimates.
Stone Fox Capital, which remains Bullish on the stock, said that Nvidia has already doubled from the April bottom.
Pythia Research argues that Nvidia’s premium valuation leaves little room for missteps, but its industry-leading AI stack, over 60% free cash flow margins, and clear product roadmap position it for continued outperformance. For forward-looking investors, Nvidia isn’t at its peak—it’s just getting started.