The piece is a forward-looking earnings-season catalyst highlighting upcoming Apple earnings as part of a broader Big Tech earnings wave that can drive sector and index volatility.
LIVE Earnings live: Humana stock falls, Procter & Gamble dips, with Big Tech earnings on deck Yahoo Finance Updated Wed, July 29, 2026 at 2:16 PM GMT+2 1 min read ^GSPC GOOG XOM TSLA PG Earnings season kicks into high gear this week. Chipotle ( CMG ), Starbucks ( SBUX ), and Arm Holdings ( ARM ) report on Wednesday, with ExxonMobil ( XOM ) and Chevron ( CVX ) results coming later in the week. The main focus, though, will be on Big Tech earnings on Wednesday and Thursday.
Microsoft ( MSFT ), Meta Platforms ( META ), Apple ( AAPL ), and Amazon. com ( AMZN ) follow Alphabet's ( GOOG , GOOGL ) and Tesla's ( TSLA ) earnings last week, which sent the tech sector into a tailspin. Overall, it's shaping up to be a strong earnings season for the S&P 500 ( ^GSPC ).
According to FactSet data , analysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23. 2% — above the five-year average of 16. 4% and the 10-year average of 10.
3%. If that holds, it will mark the second consecutive quarter of earnings growth above 20% for the index and the seventh straight quarter of double-digit growth.
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