Next week, several major tech companies, including Tesla, Microsoft, Alphabet (Google), and Meta Platforms (Facebook), are set to release their earnings reports. These reports will provide insights into the financial performance and future prospects of these tech giants.
Tesla's fourth quarter revenue surged 25% YoY to $40.1 billion, with an operating margin of 41% and net income more than tripling to $14 billion or $5.33 per share. Meta Platforms reported a similar trend, with its fourth quarter revenue growing by 25%, operating margin more than doubling at 41%, and net income increasing threefold to $14 billion or $5.33 per share.
Google's earnings also showed strong growth, with a YoY increase of 52% in net income to $20.7 billion or $1.64 per share, and Google Cloud becoming profitable with an operating income of $864 million.
Amazon reported net sales growing by 14% YoY to $170.0 billion, while Microsoft surpassed analyst estimates in the second quarter with revenue growth of 18% to $62.02 billion and both operating income and net income making a 33% jump.
Microsoft CEO Satya Nadella commented that the company is now applying AI at scale.
In addition to these tech giants, other companies such as IBM, AT&T, Intel, Texas Instruments, AbbVie, Merck & Co., Bristol-Myers Squibb Company, Gilead Sciences, AstraZeneca and Thermo Fisher Scientific are also set to report earnings this week.
Exxon Mobil, Chevron, Valero Energy and Phillips 66 will release their earnings reports in the energy sector. General Electric, Boeing, Caterpillar and Union Pacific will announce their earnings in the industrial sector. PepsiCo, Kimberly-Clark and Colgate-Palmolive will report from the consumer goods sector.
American Airlines Group, Southwest Airlines and JetBlue will announce their earnings in the airline sector. UPS is expected to give a key insight into the economy as a logistics provider.
The week ahead also brings important economic data releases, including U.S. inflation figures on Friday.