The second-quarter 2026 earnings season is moving into a busy stretch, and two major Mag 7 names are set to draw close attention next week: Tesla and Alphabet. According to the report, both companies have seen favorable estimate trends in recent months, even as their stock performances have differed this year.
Tesla has lagged in 2026, with shares down about 15% year to date and subject to mixed reactions after recent reports. Still, the company has topped the Zacks Consensus EPS estimate by double-digit percentages in each of its last two releases. Expectations have also moved higher ahead of the upcoming print, with earnings projected to rise 22% year over year and revenue expected to increase 12%. The report notes that margins remain one of the most important figures for Tesla, since they have often influenced the stock’s direction. Gross margin on a trailing-twelve-month basis has recently improved after a period of decline, and that trend will be closely watched again.
Another major focus for Tesla is capital spending. The company recently raised its 2026 CapEx forecast from $20 billion to more than $25 billion, reflecting heavy investment in the infrastructure tied to its real-world AI plans. That includes data centers and other physical systems intended to support FSD, the Robotaxi network, and related efforts.
Alphabet, by contrast, has matched the broader market more closely in 2026, with shares up roughly 10%. The company has continued to beat both earnings and revenue expectations in every quarterly report this year, and recent estimate revisions have remained stable. That steadiness is viewed as a positive sign heading into results. The report says Alphabet is expected to keep growing, with earnings forecast to rise 23% and revenue projected to climb 24%. For investors, Google Cloud remains a key area to monitor as the company’s latest earnings approach.
Source: nasdaq.com
