Q2 Earnings Season: Exxon, Chevron Oil Output Boosts Profits, Moderna Stock Tumbles

Friday, Aug 1, 2025 8:11 am ET1min read

Big Tech companies like Microsoft, Apple, and Amazon are set to report Q2 earnings this week, with analysts expecting a 5.6% jump in S&P 500 earnings per share. Amazon's Q2 profits and sales beat estimates, with AWS revenue rising 17% to $30.8 billion. However, Amazon's stock slipped 2% after hours. Apple reported Q2 earnings that beat forecasts on the top and bottom lines, with double-digit revenue growth across its iPhone, Mac, and Services businesses.

Big Tech companies are set to report their second-quarter earnings this week, with analysts expecting a 5.6% jump in S&P 500 earnings per share. Microsoft and Meta have already reported strong earnings, with Microsoft's stock surging 5% and Meta's stock rising 12% following their respective earnings reports [1]. Meanwhile, Amazon's Q2 profits and sales beat estimates, with AWS revenue rising 17% to $30.8 billion. However, Amazon's stock slipped 2% after hours, reflecting investors' concerns about the company's free cash flow and the potential impact of AI spending [2].

Microsoft's stock gained 5% at the market open after reporting strength in its cloud and AI businesses, joining Nvidia in the $4 trillion market cap club [1]. Meta's stock also surged 12% in early trading after advertising revenue grew 22%, surpassing expectations, and its Reality Labs saw a smaller loss than expected [1].

Apple reported Q2 earnings that beat forecasts on the top and bottom lines, with double-digit revenue growth across its iPhone, Mac, and Services businesses. The company's stock price increased by 3.5% after the earnings announcement [3].

The earnings season has been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy [1].

Investors will be closely watching the earnings reports from other major tech companies this week, including Amazon, Apple, Microsoft, and Meta. These reports will provide insights into the companies' financial health and their ability to navigate the current economic landscape.

References:
[1] https://ca.finance.yahoo.com/news/earnings-live-microsoft-meta-stocks-surge-with-more-tech-earnings-from-apple-and-reddit-on-deck-164005468.html
[2] https://ir.aboutamazon.com/news-release/news-release-details/2025/Amazon-com-Announces-Second-Quarter-Results/

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