This week’s earnings calendar features a wide range of high-profile quarterly reports from blue chip industrials, semiconductor giants, and newly public technology companies.
Caterpillar (NYSE: CAT) is one of the most closely watched names on the docket, reporting its second-quarter results before Tuesday’s open amid a turbulent stretch for the stock.
CAT has been one of the best-performing Dow Jones stocks this year, rising more than 41%, fueled by strong demand from its power energy segment, which supplies artificial intelligence data centers.
However, shares dropped nearly 7% on July 29 after Baird analyst Mircea Dobre cut his rating to Hold from Buy and slashed his price target to $900 from $1,200, citing rising regulatory opposition to AI data centers.
“The ground is shifting in many ways; the recent New York State moratorium on data center construction is the highest-profile example of a bigger trend towards regulatory action at state and local level targeting data centers,” Dobre said.
Wall Street expects Caterpillar to post earnings of $6.20 per share for the second quarter, up 31.4% year over year, on revenue of $19.2 billion, representing 15.7% year-over-year growth.
Advanced Micro Devices (NASDAQ: AMD) is also set to report after Tuesday’s close, with analysts expecting earnings of $1.61 per share, up sharply from 48 cents per share in the year-ago period.
Revenue for AMD is forecast to reach $11.3 billion, representing a 47% year-over-year increase, driven by surging demand for the company’s data center chips.
Susquehanna analyst Christopher Rolland anticipates “better earnings and guidance,” pointing to market share gains from AMD’s MI350 GPU and EPYC CPU, as well as longer-term AI growth supported by its more advanced Helios and MI450 chips and hyperscale customers including Anthropic and Meta.
SpaceX (NASDAQ: SPCX) will deliver its first earnings report as a publicly traded company after Tuesday’s close, a little over a month after its record-shattering initial public offering.
Morgan Stanley analyst Adam Jonas flagged revenues, EBITDA, Starlink subscriber counts, ARPU, AI pricing, and Cursor annual recurring revenue as key metrics for investors to watch.
Jonas noted that SPCX stock is currently trading 50% below its all-time high and 20% below its IPO price, which he described as a central concern for investors at this stage.
The analyst expects management to offer fairly limited explicit guidance, but anticipates updates on the Cursor acquisition, the latest Grok update, and drivers of Starlink broadband adoption.
Analysts are calling for SpaceX to report revenue of $6.8 billion alongside a per-share loss of 29 cents for the quarter.
Beyond these headline reporters, the week also features earnings from Marriott, Tyson Foods, Palantir Technologies, Eli Lilly, Walt Disney, Uber, Airbnb, Cloudflare, and dozens of other major publicly traded companies across sectors spanning energy, healthcare, technology, and consumer goods.
