Tech Giants Set to Report Earnings Wednesday—And Big Stock Moves Are Likely

Four of America's most valuable companies are set to report earnings after the closing bell Wednesday, in what could potentially be the biggest event of this earnings season.

The lineup includes results from "Magnificent Seven" members Amazon (AMZN), Meta (META), Microsoft (MSFT) and Alphabet (GOOGL), and traders anticipate big moves in the companies' share prices following the releases. Apple (AAPL), another member of the group of major tech companies, is scheduled to report its results on Thursday.

Here's what investors should expect from each of the companies that are due to report Wednesday shortly after 4:00 p.m. ET.

For Google parent Alphabet, Wednesday's report could be an opportunity for the stock to extend a recent rally fueled by a slew of deals, wins for Google's Gemini and improving sentiment about AI demand. Based on recent options pricing, traders expect Alphabet's stock could swing up to 5% by Friday's close, which could either take the stock to another record or pull it back to its levels a week ago. Alphabet shares, which hit a record high on Monday, have gained nearly 12% since the start of the year, outpacing the S&P 500 index's 4% rise.

Amazon's stock is expected to move nearly 7% by the end of the week, which on the upside would take it above the records set just last week. Several Wall Street firms, including JPMorgan and Bank of America, said they're expecting strong results from the e-commerce and cloud giant on gains in its Amazon Web Services, thanks to booming AI demand. Amazon shares have risen 12.5% so far in 2026.

The Facebook and Instagram parent's stock is seen swinging as much as 6.5% by the end of the week, which could have the shares approaching the peak of the rally that followed the company's earnings report in January. Meta, as with the other big tech firms reporting earnings this week, will likely face questions about its massive AI spending plans, though it's already shown some early success in translating its AI investments to gains in its ad business. Meta shares have gained 25% over the past month amid a big rally in tech stocks, though are only slightly in positive territory for the year.

Current options pricing suggests traders expect Microsoft stock could move as much as 6.5% in either direction by the end of that week, which could send the stock to its highest point since Microsoft's last earnings report in late January, before worries about the company's AI spending and exposure to OpenAI sent shares tumbling. Microsoft shares have shed 11% of their value since the start of the year despite posting big gains over the past month.

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