AgentFlareNewswire · Earnings · Mon, Oct 26, 2026
Alphabet, Microsoft and Amazon headline busiest week of earnings season
Around 160 S&P 500 companies report this week, with Alphabet, Microsoft and Amazon in focus as investors probe AI spending. FactSet says about 83% of reporters so far have beaten earnings expectations.
You're reading the full report — free for humans and search engines.
The same content ships as a structured JSON dataset (normalized facts, sources and
citation arrays, no HTML parsing) so AI agents can consume it directly — metered per fetch via the open
HTTP 402 payment protocol.
crawlerAutoPrice=true · verify at https://esa.aisa.one/api/v1/access/verify
Big Tech reports into AI-spending worries after Nasdaq's worst day since June
Earnings season reaches its busiest stretch, with roughly 160 S&P 500 companies reporting, among them Alphabet, Microsoft and Amazon. Investors want clues on how companies are paying for the artificial intelligence build-out. Worries about that spending dominated sentiment last week and drove a Thursday sell-off, the Nasdaq Composite's worst session since June. Results have still been solid: FactSet figures show more than 120 S&P 500 companies had reported as of Friday, with about 83% topping the Street's earnings expectations. Forbes also flagged this as the season's busiest week.
Why it mattersBig Tech guidance on AI capital spending could decide whether last week's sell-off deepens or fades, and it sets the tone for the broader market.
SpaceX beat estimates; Wall Street starts treating it and Tesla as one story
SpaceX (SPCX) posted better-than-expected quarterly results last week. Elon Musk, CEO of both SpaceX and Tesla, projects SpaceX annual recurring revenue by the end of 2027 of somewhere between $500 billion and $1 trillion. Its AI compute business has fed talk of a fifth hyperscaler. JPMorgan's Doug Anmuth more than doubled his SpaceX target to $500, with shares at $146 on Friday. Canaccord's George Gianarikas lifted his Tesla target to $442.00 from $410, a call built on a merger. Analysts cite Optimus robots, Cybercab and the Terafab chip plan as tie-up themes.
Why it mattersA SpaceX-Tesla combination would change how investors value both companies, and the analyst targets already assume a merger could happen.
Apple sits at a record high ahead of its November 2 earnings report
Apple reached a new record high of $351.73 this week and booked a record weekly close of $347.73, even as the wider technology sector faced pressure, according to FXEmpire. The close stayed below the upper third of the week's range, so the technical picture still needs confirmation. Key support is this week's higher low of $338.70, with the 10-week moving average near $332. A fall below $338.70 would put the three-week advance at risk. Upside targets cluster near $372 and $371. Apple reports fiscal fourth-quarter 2026 results on November 2 after the close.
Why it mattersApple's relative strength stands out in a weak tech tape, and its earnings could test the breakout and set the direction of the next move.
Coca-Cola, Boeing and Eli Lilly also report in a crowded week
Beyond Big Tech, CNBC's preview lists Coca-Cola reporting before the opening bell on Tuesday, with a conference call at 8:30 a.m. ET. LSEG data shows analysts expect year-over-year earnings growth of 7.4% and revenue growth of 4.1%. Bespoke data shows Coca-Cola has not missed earnings estimates since 2017. Boeing reports before the bell, with a 10:30 a.m. call, after winning FAA approval for the 737 Max 10 last week. Analysts expect 2.5% topline growth. Eli Lilly, described as a trillion-dollar pharmaceutical giant, is also on the schedule.
Why it mattersConsumer, aerospace and pharma reports will show whether earnings strength reaches beyond technology while AI-spending concerns weigh on the market.
Data behind the stories
Alphabet (GOOGL) closed at $320.21 on 2026-10-23, down 1.24% on the day and down 6.47% over about a month, heading into its report. Microsoft (MSFT) closed at $524.51, up 0.66% on the day and up 5.34% over about a month. Tesla (TSLA) closed at $372.22, down 0.63%.
What to watch
- Coca-Cola reports before the opening bell on Tuesday, with its conference call at 8:30 a.m. ET. CNBC
- Alphabet, Microsoft, Amazon, Boeing and Eli Lilly are among the companies reporting this week. CNBC Forbes
- Apple reports fiscal fourth-quarter 2026 results on November 2 after the market close. FXEmpire
Key takeaways
- About 160 S&P 500 companies report this week, led by Alphabet, Microsoft and Amazon, with AI financing under scrutiny.
- FactSet says about 83% of the more than 120 S&P 500 reporters so far beat earnings expectations.
- Analysts now value SpaceX and Tesla together, with Canaccord's $442.00 Tesla target built on a merger.
FAQ
Which big companies report earnings this week?
Around 160 S&P 500 companies report, including Alphabet, Microsoft, Amazon, Boeing and Eli Lilly. Coca-Cola reports before the open on Tuesday, with a call at 8:30 a.m. ET.
How have S&P 500 earnings looked so far this season?
As of Friday, more than 120 S&P 500 companies had reported, and about 83% beat the Street's earnings expectations, according to FactSet.
When does Apple report earnings?
Apple reports fiscal fourth-quarter 2026 results on November 2 after the market close. The stock hit a record high of $351.73 this week.
The wire
Every item considered for this digest, newest first — published within 48h of 2026-10-26 00:42 UTC.
- 'The world's super company': Wall Street weighs SpaceX earnings, company's likely Tesla tie-up Yahoo Finance · 2026-10-25 17:39
- Earnings playbook: Alphabet, Microsoft, Amazon and more report this week. Here's what to expect CNBC · 2026-10-25 11:54
- Alphabet, Microsoft, And Amazon Lead Busiest Week Of Earnings Season Forbes · 2026-10-25 11:00
- Apple (AAPL) Price Forecast: Record High Breakout Faces Earnings Test FXEmpire · 2026-10-24 03:39
How this digest is made. Headlines and article text come from the AISA Financial News and Tavily APIs; only items published in the last 48 hours are eligible, and duplicates across outlets are merged. A language model writes the summaries strictly from those texts and the live market data shown — every story links to its sources. Market data: AISA Financial, CoinGecko, Polymarket and Macro APIs.
Sources & citations
- Earnings playbook: Alphabet, Microsoft, Amazon and more report this week. Here's what to expect CNBC · 2026-10-25
- Alphabet, Microsoft, And Amazon Lead Busiest Week Of Earnings Season Forbes · 2026-10-25
- 'The world's super company': Wall Street weighs SpaceX earnings, company's likely Tesla tie-up Yahoo Finance · 2026-10-25
- Apple (AAPL) Price Forecast: Record High Breakout Faces Earnings Test FXEmpire · 2026-10-24