Quick overview
- Major tech firms reported mixed but largely positive earnings, with all three major U.S. indices closing the week with solid gains.
- Meta Platforms, Amazon, and Microsoft delivered strong Q1 results, significantly exceeding Wall Street estimates and showcasing robust growth in their respective sectors.
- Apple’s performance lagged behind its peers due to concerns over iPhone demand and exposure in China, impacting investor sentiment.
- Investors are now shifting focus to upcoming earnings reports from companies like Ford, AMD, Palantir, and Supermicro, looking for continued strength in various sectors.
After a week of mixed but largely positive earnings from major tech firms, investors now shift focus to another wave of key reports from Ford, AMD, SMCI and Palantir on deck.
Earnings season for some of the world’s largest technology companies concluded this week with a series of high-profile releases that produced mixed results. Despite some pockets of weakness, markets responded with enthusiasm, and all three major U.S. indices closed the week with solid gains.
Big Tech Earnings Paint a Mixed Picture, But Optimism Prevails
Among the standout performers was Meta Platforms, which delivered a strong Q1 report. The company posted $42.31 billion in revenue, marking a 16% year-over-year increase. Its net income jumped 35%, underpinned by a sharp rise in ad pricing and solid demand across its platforms. These results handily beat Wall Street estimates and reinforced Meta’s position among the top tech performers.
Amazon also impressed with its Q1 2025 results. Revenue slightly exceeded expectations at $155.7 billion, while earnings per share surged to $1.59, well above the $1.36 forecast. Much of the momentum came from Amazon Web Services (AWS), which reported 17% year-over-year growth and rising margins, highlighting the ongoing strength of the company’s cloud segment.
Microsoft was another key winner. In its fiscal Q3 results, the tech giant reported $70.1 billion in revenue—13% higher than the previous year and ahead of projections. Net income rose to $25.8 billion, an 18% increase, thanks largely to efficiency gains and robust growth in its cloud division. Microsoft Cloud revenue rose 20% year over year, further cementing the company’s dominance in enterprise services.
However, not all tech giants fared as well. Apple lagged behind its peers, declining 1.88% to close the week at $205.35. Concerns over weakening iPhone demand and its business exposure in China weighed heavily on investor sentiment, casting a shadow over its earnings outlook.
Looking Ahead: Focus Shifts to Palantir, AMD, Ford, and Supermicro
With the initial wave of mega-cap tech earnings behind us, investor attention now pivots to a fresh batch of earnings reports from notable names scheduled next week. A diverse mix of tech, consumer, and energy companies have scheduled to report results, such as Ford, AMD, Palantir, Supermicro Computer etc, with investors looking to confirm strength in the media, EVs, crypto etc. Investors will be watching closely to see whether the recent wave of upbeat tech earnings continues and whether consumer demand is holding firm.
Upcoming Major Earnings Reports – Week Ahead
Saturday (Pre-Market):
- Berkshire Hathaway reports ahead of Monday trading; investors will watch closely for insights into Buffett’s portfolio moves and broader economic exposure through its subsidiaries.
Monday (After Hours):
- Palantir Technologies reports Q1 results; attention on AI momentum and new defense contracts.
- Hims & Hers will update on growth in the direct-to-consumer health space.
- Ford Motor Company earnings expected to focus on EV strategy, cost controls, and outlook for global auto markets.
Tuesday (Pre-Market):
- Celsius Holdings expected to report continued strong beverage sales amid expanding distribution.
- Datadog will be key for gauging enterprise software and cloud monitoring demand.
- Ferrari offers insight into luxury consumer trends.
- BP to shed light on the energy sector’s Q1 performance amid volatile oil prices.
- Marriott International expected to reflect global travel and leisure trends.
Tuesday (After Hours):
- Supermicro Computer will update on AI server demand and supply chain health.
- AMD results will be key to the AI semiconductor narrative and competition with Nvidia.
- Rivian to provide updates on production and delivery trends in the EV space.
Wednesday (Pre-Market):
- Uber expected to report growth in both ride-hailing and delivery segments.
- Walt Disney earnings may provide clarity on streaming profitability, park performance, and restructuring efforts.
- Novo Nordisk earnings to focus on continued global demand for GLP-1 weight loss drugs like Ozempic and Wegovy.
Wednesday (After Hours):
- AppLovin and Arm Holdings will be key to tracking digital ads and chip licensing, respectively.
- Carvana earnings could signal whether the used car market is stabilizing.
- DoorDash will highlight consumer spending trends in food delivery.
- Dutch Bros expected to provide a pulse on discretionary spending in the QSR beverage segment.
Thursday (Pre-Market):
- Peloton to report amid cost-cutting efforts and subscription strategy pivots.
- Shopify will be closely watched for post-pandemic e-commerce normalization.
- ConocoPhillips offers another energy sector check-in.
Thursday (After Hours):
- The Trade Desk will give more signals on the digital advertising market.
- Coinbase earnings may be volatile depending on crypto market sentiment and trading activity.
- Warner Bros. Discovery to update on media streaming and debt levels.
- DraftKings expected to highlight online gaming and betting engagement trends.
Conclusion: Mind the Volatility Ahead
While last week’s earnings offered a somewhat uneven view of the tech sector, overall sentiment remains positive, especially given strong performances from Microsoft, Meta, and Amazon. With another wave of high-impact corporate results on the horizon, including from Tech leaders and legacy automakers, the market has plenty of momentum heading into the next leg of earnings season.
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
