Microsoft, Meta, Apple and Amazon all report quarterly results inside a 48-hour window on July 29 and July 30. Analyst estimates are already on the board, from Microsoft's $4.22 to $4.24 EPS range down to Amazon's $1.85. What traders will actually parse is each company's commentary on AI capital spending.
Four of the most valuable companies on Earth open their books within 48 hours of each other this week. Microsoft and Meta report on July 29, followed by Apple and Amazon on July 30, all after market close.
The cluster reaches past equity desks. Crypto Briefing frames the week as one that could set the tone for risk assets across the board, including Bitcoin and digital assets.
What analysts expect from each report
Microsoft kicks off on July 29 with fiscal Q4 2026 results, where analysts look for earnings per share between $4.22 and $4.24 and revenue in the range of $87.5B to $87.67B. Its conference call is scheduled for 2:30 PM PT.
Meta reports the same day, releasing its Q2 fiscal 2026 numbers, with expected EPS between $7.18 and $7.24. Its earnings call follows the next day at 1:30 PM PT.
Then the baton passes to Apple and Amazon. Apple's fiscal Q3 report carries an expected EPS of roughly $1.86, with its call at 2:00 PM PT. Amazon's Q2 results are anticipated to show EPS around $1.85, and its own call also lands at 2:00 PM PT.
AI capex is the story within the story
Each set of numbers sits on top of an AI question. Microsoft's Azure cloud business is the commercial backbone of OpenAI's products, Meta has been building out AI training infrastructure, and Amazon Web Services remains the largest cloud provider on the planet.
Apple sits in a different position. The company is under pressure to show that its on-device intelligence strategy is actually translating into hardware demand.
Therefore, each company's commentary on AI capex will tell whether the current spending boom is accelerating, plateauing, or starting to show diminishing returns.
Source: Crypto Briefing
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