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Wall Street has reached the busiest week of Q2 2026 earnings, with five Magnificent Seven companies due to report this week: Meta Platforms (META), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT).
Retail investors’ favorite frenemy, Robinhood Markets (HOOD), is also pulling up. The Q2 season has started with strong numbers, as about 140 S&P 500 companies have already reported, and 82% beat estimates, FactSet data shows.
The central bank calendar is just as packed with policy decisions dropping. The Bank of Japan meets Tuesday, the Federal Reserve and Bank of Canada meet Wednesday, while the European Central Bank and Bank of England meet Thursday.
Robinhood, Alphabet, and Ford bring the first big tests
Robinhood Markets (HOOD) reports after the bell, with management set to speak with analysts at 5 p.m. Last quarter, Robinhood beat profit estimates but missed revenue forecasts. This quarter, LSEG expects the online broker to deliver double-digit earnings growth from the same period last year.
The stock has had a rough pattern around results. Robinhood (HOOD) fell after its last four quarterly releases. One drop reached 10.8%. That puts pressure on this update, especially with investors watching crypto trading, options activity, deposits, and retail appetite.
Alphabet (GOOGL) reports after Wednesday’s close, followed by a call at 4:30 p.m. Last quarter, the Google and YouTube parent beat revenue expectations and told investors it planned a big increase in AI spending. LSEG now expects profit to fall from last year, while revenue is forecast to grow nearly 20%.
Bespoke data shows Alphabet (GOOGL) averages a 1.3% gain on earnings days. The main questions are simple. Is search still holding up? Is YouTube growing enough? Is Google Cloud carrying its weight? And are AI costs getting too heavy?
Ford Motor (F) also reports after Wednesday’s close, with its call scheduled for 5 p.m. Last quarter, Ford had its biggest profit miss in four years. This time, LSEG expects earnings growth of more than 30% year over year.
UBS upgraded Ford (F) to buy earlier this month. Analyst Joseph Spak wrote, “Investors have been very focused on the impact of aluminum prices for Ford. However, we believe concerns are overblown.” Ford is down 5.6% this year, but the stock has gained after four straight quarterly reports, including a 12% jump after a Q3 beat.
Amazon, Meta, Microsoft, and Apple put cloud, AI, iPhones, margins, and leadership under the market’s microscope
Amazon (AMZN) reports after Wednesday’s close, with management due on a call at 5:30 p.m. Last quarter, Amazon fell 8% after missing profit estimates and giving investors a $200 billion spending forecast. LSEG expects a small year-on-year earnings increase this quarter.
The stock has fallen after four of its last five quarterly updates. Investors will be watching AWS, retail margins, ad sales, and AI infrastructure spending. Amazon does not have much room for vague answers this time.
Meta Platforms (META) reports after the bell Wednesday, with its call also set for 5:30 p.m. Last quarter, Meta gained after giving a stronger revenue forecast than analysts expected. LSEG expects strong sales growth from the same period last year. The update comes after Meta unveiled its Muse Spark AI model. Meta has beaten earnings estimates in every quarter for the past three years.
Microsoft (MSFT) reports after Wednesday’s close, with management speaking at 5:30 p.m. Last quarter, Microsoft fell after slower cloud growth and weak margin guidance. LSEG expects double-digit earnings and revenue growth from last year.
Microsoft is up 19% since March 30, helped by the broader stock rebound and fresh AI interest following the release of the Claude Mythos model. Bespoke data shows Microsoft beats profit estimates 82% of the time, but the stock averages only a 0.2% gain on earnings days.
Apple (AAPL) reports Thursday after the bell, with its call set for 5 p.m. Last quarter, Apple posted stronger sales on firm iPhone demand. LSEG expects almost 20% year-on-year earnings growth. This is also Apple’s first quarterly report since the company said John Tenrus would replace Tim Cook as CEO.
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