Earnings Report – Wall Street anticipates a flurry of major earnings reports for the week of July 28, 2025, as the Q2 2025 earnings season peaks, with 42 S&P 500 companies, including six Dow 30 components, scheduled to release results.
The S&P 500’s blended earnings growth rate for Q2 stands at 4.8%, the lowest since Q4 2023, with 86% of reporting companies beating EPS estimates.
This week’s highlights include Amazon ($AMZN), set to report Q2 earnings on July 31, with analysts forecasting EPS of $1.32, up 4.8% year-over-year, and revenue of $162 billion, a 9.5% increase, driven by strength in retail, advertising, and Amazon Web Services.
Tariff uncertainties and rising Project Kuiper satellite costs may lead to cautious Q3 guidance, as noted by analyst Arun Sundaram. Apple ($AAPL), also reporting on July 31, is expected to post EPS of $1.41, up 0.7%, with revenue of $90.7 billion, bolstered by iPhone 16 demand and AI-driven services growth.
The Information Technology sector, including semiconductors and AI stocks like NVIDIA ($NVDA), leads with projected 15% earnings growth. However, tariff risks on imported tech components could pressure margins, as seen with Texas Instruments’ recent guidance cut.
The market’s forward P/E ratio of 22.3, above the five-year average, suggests high expectations. Investors should monitor Amazon and Apple’s earnings calls for updates on AI strategies and tariff impacts, which could sway Consumer Tech and AI Stocks.
