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Big Tech earnings spotlight AI spending and chip demand
With Google due July 22, Intel on July 23, and investors tracking AI returns plus remaining performance obligations, the week’s results may shape expectations for hyperscalers’ growth and spending.
Big Tech earnings next week are expected to focus heavily on AI spending, contract momentum, and chip demand, with investors looking for evidence that data center buildouts are translating into returns. Yahoo Finance highlights that investors will also scrutinize chip sales and forward guidance across the AI hardware ecosystem. Google is set to report July 22, followed by Intel on July 23, while Microsoft and Meta are expected to face sharper attention due to market pressure tied to their AI data center capacity investments. Wall Street will want updates on how Microsoft is expanding Copilot and AI growth through its Azure platform, while Meta investors will look for how the company is using AI to lift ad sales and user engagement. For hyperscalers overall, the key metric to watch is remaining performance obligations, a measure of signed contracts that have not yet been recognized as revenue. On the chip side, Yahoo Finance says the emphasis will be on sales and forward guidance, with Nvidia, Intel, AMD, and memory makers needing to demonstrate that demand is staying strong or accelerating.
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