Amazon.com is one of the many Big Tech firms scheduled to report earnings this week.
Phil Nijhuis /ANP/AFP via Getty Images
Tech takes center stage this week.
From software and internet to e-commerce and semiconductors, some of the industry’s biggest names will report their financial results in the coming days, offering investors important updates on artificial intelligence, the cloud, e-commerce, advertising, and consumer spending.
In terms of the most anticipated names, here is the calendar for the week:
-
Tuesday:
Microsoft
(ticker: MSFT), Google-parent
Alphabet
(GOOGL), Snap (SNAP) and Texas Instruments (TXN) report September quarter numbers. - Wednesday: Meta Platforms (META) and IBM (IBM)
-
Thursday: Amazon.com (AMZN) and
Intel
(INTC)
Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from
Meta,
at 21%, and
Amazon,
at 11%. On the other side of the list are
Texas Instruments
and Intel, with their revenue forecast to decline 13% and 12%, respectively.
According to FactSet, analysts expect the overall S&P 500 technology sector to post third-quarter earnings growth of 4.8% versus the year-ago period.
Within the sector, communications equipment, software, IT Services, and hardware are expected to post year-over-year earnings growth, while electronic equipment and semiconductors are predicted to post declines.
The biggest company of all—
Apple
(AAPL)—is still to come next week. The iPhone maker will report its fiscal fourth quarter earnings on Thursday, Nov. 2.
Write to Tae Kim at [email protected]
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