Four US tech giants report within 48 hours this week: Microsoft and Meta on Wednesday, Apple and Amazon on Thursday

The week ending 31 July 2026 is the heaviest of Wall Street's earnings season: Microsoft, Meta Platforms, Apple and Amazon all report quarterly results within a 48-hour window.

Microsoft and Meta report after the close on Wednesday, 29 July, and Apple and Amazon after the close on Thursday, 30 July. Analysts project earnings per share of $4.21 for Microsoft's fiscal fourth quarter.

Investor attention is on capital expenditure and margin resilience across the technology sector, particularly Microsoft's and Amazon's spending on AI infrastructure and whether that investment is translating into revenue. Microsoft shares are down roughly 18 percent year to date, while Apple, which has opted to partner with model developers rather than make heavy AI outlays of its own, has risen 15 percent in July. The Federal Reserve's interest rate decision also lands on Wednesday.