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- Four of the ‘Magnificent 7’ tech stocks prepare to report quarterly results next week.
- AI-driven momentum is powering most of the group, except for Tesla and Apple, where cracks are showing.
- With these mega-cap tech titans holding significant weight in major indices, their results will set the tone for broader market trends.
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With over $10 trillion in combined market cap and a volatile start to the year, Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), and Apple (NASDAQ:AAPL) are about to deliver results that could set the tone for the entire tech sector.
Source: Investing.com
With the S&P 500 near record highs and volatility primed to rise post-options expiration, these four titans will be under the microscope next week. Here’s what to watch for from each company:
Microsoft - Reports Wednesday at 4:00 PM ET
- Projected EPS: $3.93 (+21.7% YoY)
- Projected Revenue: $80.2B (+15.3% YoY)
Source: InvestingPro
Investors will scrutinize Azure cloud growth, the impact of AI integrations (notably Copilot and OpenAI), and the company’s ability to manage capacity constraints and rising capital expenditures. Revenue is forecast at $80.23 billion for the quarter, and analysts want to see continued margin strength and evidence that Microsoft’s heavy AI investments are fueling tangible growth.
MSFT enters earnings with the stock at $451.14, well off the 52-week high of $555.45 and down -6.8% YTD in 2026. Analysts remain bullish, however, with a mean target of $618.78 (implying +37.2% upside) and a high target of $730.00.
Meta Platforms - Reports Wednesday at 4:05 PM ET
- Projected EPS: $8.19 (+2.1% YoY)
- Projected Revenue: $58.3B (+20.6% YoY)
Source: InvestingPro
Key areas to monitor include advertising revenue trends, daily active users across its family of apps, and escalating AI-related costs that could pressure margins, alongside losses from Reality Labs. Investors will also focus on potential updates on capital expenditures amid ongoing worries over spending priorities.
META is trading at $647.81, down -1.9% YTD after a muted run-up in late 2025. Analyst targets are lofty: the mean is $834.15 (about +28.8% upside), with a high of $1,117.00.
Tesla - Reports Wednesday at 4:05 PM ET
- Projected EPS: $0.45 (-38.3% YoY)
- Projected Revenue: $24.8B (-3.6% YoY)
Source: InvestingPro
Critical metrics for investors to track include automotive gross margins, which have compressed amid pricing pressures and rising material costs, energy storage deployments that hit a record 14.2 GWh, and progress on full self-driving software adoption, as well as robotaxi timelines.
Year-to-date, Tesla’s shares are just about flat at $449.36, holding steady despite market headwinds but facing a wide analytic split. The mean target is $411.40 (actually below current price), with a high of $600.00 and a fair value estimate of $292.49, implying substantial downside.
Apple - Reports Thursday at 4:30 PM ET
- Projected EPS: $2.67 (+11.2% YoY)
- Projected Revenue: $137.5B (+10.6% YoY)
Source: InvestingPro
Revenue is forecast to hit around $137.5 billion for the quarter, and the market will zero in on iPhone demand (especially in China), Services segment margins, and AI integration plans. The bear case: iPhone dependence, sluggish growth in core markets, and questions over AI competitiveness.
AAPL, at $248.35 and down -8.6% YTD, is under pressure to prove it can reignite growth. Analyst targets are ambitious: the mean is $287.22 (a +15.7% upside), with a high of $350.00. Fair value sits at $226.44, below the current price, reflecting some skepticism about near-term upside.
As always, careful analysis and alignment with personal financial goals are recommended before making investment decisions. Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading.
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Disclosure: This is not financial advice. Always conduct your own research.
At the time of writing, I am long on the S&P 500, and the Nasdaq 100 via the SPDR® S&P 500 ETF, and the Invesco QQQ Trust ETF. I am also long on the Technology Select Sector SPDR ETF. I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies’ financials.
The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.
Follow Jesse Cohen on X/Twitter @JesseCohenInv for more stock market analysis and insight.