Markets Await Key Tech Earnings Reports

Why it matters

Nvidia's most recent report set a high bar, with Q4 fiscal 2026 revenue hitting $68.1 billion, a 73% year-over-year increase that comfortably beat estimates. The company's data center revenue was the primary driver, reaching a record $62.3 billion. Looking ahead, Nvidia's guidance for the first quarter of fiscal 2027 anticipates revenue around $78.0 billion, significantly higher than Wall Street's prior expectations. This forecast is bolstered by expectations that major cloud providers and hyperscalers will increase their capital expenditures, a large portion of which flows to Nvidia for AI infrastructure. For Apple, analysts anticipate revenue for the upcoming quarter to be around $138.1 billion, an 11.1% year-over-year increase. In its last report in January, the company posted a big beat with first-quarter revenue of $143.76 billion and record earnings per share of $2.84. Key areas of focus will be the performance in Greater China and any updates on its long-term AI strategy. Meta Platforms is expected to continue its growth trajectory, with forecasts predicting earnings and revenue to grow by 15.4% and 14.8% per year, respectively. The company, which trades below its 10-year median price-to-earnings multiple, beat earnings expectations in its last report on January 28, posting an EPS of $8.88. Tesla's upcoming report faces scrutiny over profitability, specifically whether its automotive gross margins are stabilizing after a period of price cuts. In its last report, the EV maker beat earnings estimates with an EPS of $0.50 but saw quarterly revenue fall 3.1% year-over-year to $24.9 billion. Analysts are expecting a year-over-year decline in earnings for the upcoming quarter. The broader tech sector has seen a recent selloff, making some valuations more attractive after a strong 2025. During the last earnings season, tech companies in the S&P 500 saw profits increase by 28% year-over-year, with 74.1% of all S&P 500 companies beating expectations.

Key numbers

• Nvidia's most recent report set a high bar, with Q4 fiscal 2026 revenue hitting $68.1 billion, a 73% year-over-year increase that comfortably beat estimates.
• The company's data center revenue was the primary driver, reaching a record $62.3 billion.
• Looking ahead, Nvidia's guidance for the first quarter of fiscal 2027 anticipates revenue around $78.0 billion, significantly higher than Wall Street's prior expectations.
• For Apple, analysts anticipate revenue for the upcoming quarter to be around $138.1 billion, an 11.1% year-over-year increase.

What happens next

• This forecast is bolstered by expectations that major cloud providers and hyperscalers will increase their capital expenditures, a large portion of which flows to Nvidia for AI infrastructure.
• Key areas of focus will be the performance in Greater China and any updates on its long-term AI strategy.
• Meta Platforms is expected to continue its growth trajectory, with forecasts predicting earnings and revenue to grow by 15.4% and 14.8% per year, respectively.

Sources

• keenly awaiting
• Apple, Meta, and Tesla
• Nvidia's most recent
• Looking ahead, Nvidia's
• This forecast is bolstered
• For Apple, analysts anticipate
• In its last report in
• Key areas of focus will
• Meta Platforms is expected
• The company, which trades
• Tesla's upcoming report
• In its last report, the
• Analysts are expecting
• The broader tech sector
• During the last earnings

Quick answers