Tech Stocks Shine in Q2 Earnings Cycle: Apple, Meta Platforms, and DoorDash Lead the Way

Three tech companies, Apple, Meta Platforms, and DoorDash, have reported strong Q2 earnings, with DoorDash seeing a 20% YoY increase in Total Orders, Meta Platforms reporting a 38% YoY increase in adjusted EPS, and Apple posting records for sales, iPhone revenue, Services revenue, and EPS. These results have driven favorable price action for each company, with DoorDash shares up 50% YTD and Apple shares lagging the S&P 500.

The second quarter of 2025 has seen three major tech companies—Apple Inc. (AAPL), Meta Platforms Inc. (META), and DoorDash Inc. (DASH)—reporting impressive earnings, reflecting their continued resilience and growth in the market.

DoorDash Inc. (DASH)

DoorDash shares have been on a strong upward trajectory in 2025, gaining nearly 50% year-to-date. The company’s latest quarterly results reinforced this positive trend, with Total Orders, Marketplace GOV, and revenue all setting new records. The company reported a 20% year-over-year increase in Total Orders and a 25% boost in sales, alongside a significant 52% increase in adjusted EBITDA to $655 million [1]. Analysts have become increasingly bullish on the company’s EPS outlooks, raising expectations across the board.

Meta Platforms Inc. (META)

Meta Platforms reported a double-beat relative to consensus headline expectations, with adjusted EPS and sales growing by 38% and 22% year-over-year, respectively. The company’s strong performance was driven by favorable advertisement results, with ad impressions across its family of apps increasing by 11% year-over-year and the average price per ad rising by 9%. Meta’s operating margin also improved to 43% in the reported period, up from 38% in the same period last year [1].

Apple Inc. (AAPL)

Apple’s Q2 earnings were marked by several records, including quarterly records for sales, iPhone revenue, Services revenue, and EPS. The company’s installed base of active devices also reached a new record, contributing to a record-breaking period. Apple generated $24.4 billion in free cash flow during the period [1]. Despite this strong performance, Apple shares have lagged the S&P 500 year-to-date, down by 8% [1].

Conclusion

The Q2 earnings season has been largely positive, with several companies reporting strong results. Apple, Meta Platforms, and DoorDash have all shown significant growth, driving favorable price action for their respective shares. While DoorDash has been a standout performer, Apple’s results have been impressive despite its lagging stock performance. These results highlight the continued strength and resilience of the tech sector.

References:

[1] https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights-apple-meta-platforms-and-doordash
[2] https://www.restaurantdive.com/news/doordash-updates-doordash-business-platform/758544/
[3] https://finance.yahoo.com/news/q2-earnings-3-tech-stocks-153000092.html