Top Companies to Watch This US Earnings Season 

Note: The companies mentioned are discussed for informational purposes only. References to these shares do not constitute a recommendation to buy, sell, or trade them via CFDs or any other product. 

When these giants speak, Wall Street listens. Why these companies? Because they are more than just household names. 

The “Big Tech” giants of Microsoft Corporation (NADSAQ: MSFT), Nvidia Corporation (NASDAQ: NVDA), Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ: META), Palantir Technologies Inc. (NASDAQ: PLTR), Apple, Inc. (NASDAQ: AAPL) and Netflix, Inc. (NASDAQ: NFLX) are some of the most influential, widely held, and closely tracked companies in the world.  

Together, they account for trillions of dollars in market cap and shape everything from Artificial Intelligence (AI) and cloud infrastructure to consumer habits, advertising, entertainment, and national security. 

Key Points 

• Seven major tech names—Microsoft, Nvidia, Tesla, Meta, Palantir, Apple, and Netflix—are set to influence market direction this earnings season. 

• These companies are deeply involved in AI, hardware, mobility, defence, and entertainment, making their results highly relevant for sector sentiment. 

• High expectations and rising risks, from tariffs to regulation, mean any earnings surprise could spark sharp market reactions. 

Why These Seven Stocks Matter This Earnings Season 

As earnings season kicks off, these seven companies are in the earnings spotlight for good reason: 

• Microsoft is redefining workplace productivity with AI copilots already driving real revenue growth. 

• Nvidia just became the first US$4 trillion company, riding unprecedented demand for its AI chips. 

• Tesla is pushing into autonomous ride-hailing while navigating political controversy and margin pressures. 

• Meta is evolving beyond social media, with AI-powered smart glasses and a new AI research division turning heads. 

• Palantir is surging on government contracts and an AI-powered push into energy and defense infrastructure. 

• Apple is trying to regain investor confidence with a bounce in China iPhone sales and a Vision Pro reboot. 

• Netflix is proving it’s more than a streamer, expanding into ads, gaming, and immersive content experiences. 

Company	AI	Consumer Tech	Mobility	Media	Gov/Defense
Microsoft	✔	✔
Nvidia	✔
Tesla	✔	✔	✔
Meta	✔	✔		✔
Palantir	✔				✔
Apple	✔	✔
Netflix		✔		✔

The big picture 

These earnings reports may offer insight into broader market sentiment. Whether it is Nvidia confirming the strength of the AI supercycle or Apple offering clues on global consumer demand, these results can move entire sectors and set the tone for Q3 2025 and beyond. 

In short, Analysts often watch these companies to gauge potential market direction. Let’s break down what Q2 2025 earnings hold for each of them. 

1. Microsoft: Productivity powerhouse with AI at its core 

 

Microsoft is set to report its Q4 FY2025 earnings on 30 July, with analysts forecasting earnings per share (EPS) of US$3.40 (+14.4% year-on-year) on revenue of US$73.8 billion (+14.0% year-on-year) ^[1].  

In the previous quarter, Microsoft delivered a strong beat on both top and bottom lines, reaffirming its execution strength. Year-to-date, shares are up 19.5%, buoyed by robust cloud performance and rapid AI adoption. 

Internally, Microsoft is already reaping returns from AI: it saved US$500 million in call centre costs last year and its AI assistant now writes 35% of all new code ^[2]. Its Copilot is also improving sales productivity, turning innovation into real revenue gains. 

Why it matters: Microsoft’s deep integration of AI across its cloud, productivity, and enterprise stack positions it as a foundational player in the global tech ecosystem. 

Risks to watch: Regulatory scrutiny on data privacy and antitrust, combined with the rising cost of scaling AI, could pose longer-term challenges. 

2. Nvidia: The AI superchip king 

Nvidia will report its Q2 FY2026 earnings on 27 August, and expectations are sky-high. Analysts expect EPS of US$1.0 (+46.8% Year-on-year) on revenue of US$45.6 billion (+51.8% Year-on-year) ^[3].  

After a strong Q1 FY2026 beat, shares have climbed 21.3% year-to-date, pushing the company’s market cap to a record US$4.0 trillion ^[4]. 

At the heart of its dominance are Nvidia’s GPUs, which remain essential for training large language models like ChatGPT and other advanced AI systems. That makes Nvidia the de facto arms dealer in the AI gold rush, with few credible competitors at its scale. 

Why it matters: Nvidia is the backbone of global AI infrastructure. If you believe in the future of AI, you’re betting on Nvidia, whether directly or indirectly. 

Watch out: Geopolitical tensions, China competition, and export restrictions are emerging risks that could test Nvidia’s long-term lead. 

3. Tesla: Innovation on the edge 

Tesla’s share price fluctuates amid Musk’s political drama 

Tesla is expected to post another weak quarter when it reports Q2 FY2025 earnings on 23 July, with analysts forecasting EPS of US$0.41 (-20.9% year-on-year) and revenue of US$22.45 billion (-11.96% year-on-year) ^[5].  

After missing in Q1, pressure on margins and deliveries continues to weigh on performance. Still, Tesla is rarely judged by the present as investors are focused on what’s next. 

That “next” includes its robotaxi pilot, already live in Austin with plans to expand to the Bay Area, and longer-term bets like the Optimus humanoid robot. These AI-driven innovations keep Tesla in the headlines, but so does CEO Elon Musk.  

His recent fallout with President Donald Trump, and announcement of a new political party, led to a 7% stock drop – highlighting how politics can distract from product milestones. 

Why it matters: Tesla is still the poster child for EV and autonomous tech, and its moonshot ideas keep investors hooked. 

Watch out: Political noise, execution risks, and softening EV demand are clouding the outlook, making this one of the more volatile names this earnings season. 

4. Meta: From social to superintelligence 

Meta is set to report Q2 FY2025 earnings on 30 July, with analysts expecting EPS of US$5.83 (+12.9% year-on-year) and revenue of US$44.61 billion (+14.17% year-on-year) ^[6].  

The company beat expectations last quarter, and shares are up 25.15% year-to-date, driven by strong ad revenue and user engagement across Facebook, Instagram, and WhatsApp. 

But the bigger story is Meta’s pivot into AI hardware and software. It recently acquired a US$3.5 billion stake in EssilorLuxottica, backing the success of its AI-powered Ray-Ban smart glasses, which have sold over 2 million units.  

The new Oakley Meta line targets athletes, reinforcing its commitment to AI-powered wearables. Meanwhile, Meta’s AI ambitions are accelerating under its new Meta Superintelligence Lab (MSL), led by former Scale AI CEO and other key figures from OpenAI, DeepMind and Apple.  

Why it matters: Meta is evolving from a social media company into a full-stack AI player, blending software, hardware, and data at scale. 

Watch out: Rising R&D costs and increasing regulatory pressure on AI and data privacy could weigh on future profitability. 

5. Palantir: Mission-critical momentum 

Palantir is set to report Q2 FY2025 earnings on 5 August, with analysts expecting EPS of US$0.10 (+53.7% year-on-year) and revenue of US$932.3 million (+38.5% year-on-year) ^[7].  

The company beat forecasts in Q1, and its stock has skyrocketed 89.3% year-to-date, riding the surge in AI-related government and defense contracts. 

Palantir hits record high on AI and defense momentum 

Recent developments include a US$100 million deal to build an AI-powered Nuclear Operating System and a major partnership with Accenture Federal Services, further embedding Palantir in mission-critical national infrastructure. 

Why it matters: With AI now central to defense, energy, and federal operations, Palantir is becoming an essential player in America’s next industrial chapter. 

Watch out: Heavy reliance on government contracts and rising competition in AI analytics could test Palantir’s momentum. 

6. Apple: Holding the line 

Apple is set to announce its Q3 FY2025 results on 31 July, with analysts expecting EPS of US$1.42 (+1.76% year-on-year) and revenue of US$88.76 billion (+3.47% year-on-year) ^[8].  

The company beat expectations in the previous quarter, but its share price remains down 15.69% year-to-date, weighed by slowing global iPhone sales and macro concerns, including renewed US-China trade tensions.  

Despite this, Apple scored a notable win in China with its first iPhone sales growth in two years, rising 8% year-on-year in Q2 FY2025, driven by strong demand for the iPhone 16 Pro/Pro Max and effective pricing strategies ahead of the 618 shopping festival.  

On the product front, Apple is doubling down on spatial computing with a planned hardware upgrade to its Vision Pro headset before year-end.  

Why it matters: Apple remains a consumer tech bellwether, and signs of a hardware rebound could shift sentiment. 

Watch out: Competition from Huawei and geopolitical risks (mainly stemming from producing its hardware in China) continue to cloud its growth trajectory. 

7. Netflix: From streamer to studio to store 

Netflix is set to report Q2 FY2025 earnings on 18 July, with analysts projecting EPS of US$7.08 (+45.1% year-on-year) and revenue of US$11.04 billion (+15.5% year-on-year) ^[9].  

The stock is up 44.54% year-to-date, driven by strong engagement and the rapid growth of its ad-supported tier. 

Beyond streaming, Netflix is branching out: Netflix House, Broadway IP expansions, and TV-controlled games are transforming it into a full-stack entertainment brand. 

Why it matters: Netflix isn’t just leading in streaming. It’s building the next-gen entertainment ecosystem. 

Watch out: Execution risk remains as Netflix juggles multiple formats, platforms, and global content demands. 

One more thing: The Trump tariff overhang 

Even as these companies gear up to report, macro risks loom large, especially with Trump’s tariff threats. His latest letters to US trading partners signal a potential revival of protectionist policies targeting semiconductors and autos.  

That could mean new headwinds for Apple, Nvidia, and Tesla, all deeply linked to global supply chains. If tariffs escalate, operating margins could get squeezed, and tech valuations could come under pressure regardless of how great the earnings look initially. 

Final takeaway 

These seven high-profile names aren’t just reporting results. They are shaping the future of AI, mobility, hardware, and digital media.  

Nvidia dominates the AI space, Meta is pushing into wearables and superintelligence, Palantir is advancing critical AI infrastructure, and Netflix is evolving into a broader entertainment platform.  

But risks linger. Tesla faces political distractions, Apple battles renewed challenges in China, and President Trump’s revived tariff threats could disrupt global tech supply chains.  

With expectations running high, even a small miss could shake investor confidence, especially amid growing regulatory pressure. In this environment, staying nimble and well-informed is essential. 

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