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Tech's Biggest Earnings Week Is Here

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Microsoft and Alphabet kick off a big week of Big Tech earnings Tuesday.

From software and internet to e-commerce and semiconductors, some of the industry’s biggest names will report their financial results in the coming days, offering investors important updates on artificial intelligence, the cloud, e-commerce, advertising, and consumer spending.Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta, at 21%, and Amazon, at 11%.

According to FactSet, analysts expect the overall S&P 500 technology sector to post third-quarter earnings growth of 4.8% versus the year-ago period. Within the sector, communications equipment, software, IT Services, and hardware are expected to post year-over-year earnings growth, while electronic equipment and semiconductors are predicted to post declines.

The biggest company of all— Apple —is still to come next week. The iPhone maker will report its fiscal fourth quarter earnings on Thursday, Nov. 2.

 

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