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With the economy in a dubious state, all eyes are on earnings this week to try to get a sense of how well some US corporate giants are doing in an increasingly difficult economic environment. That includes a few tech giants: Alphabet, Microsoft, Meta, Apple, and Amazon.

We got an early preview last week when Netflix reported this profit second quarter which far exceeded expectations, despite the streaming platform losing nearly a million subscribers. While that was the biggest drop in customer numbers in the company’s history, it was also half of what the company expected to lose — and that could bode well for the tech sector, which has taken steps to prepare for an economic slowdown or recession.

For the record, both Snap and Twitter also recently reported earnings, and neither company’s numbers were as rosy as Netflix’s. So so far the indications from the tech field have been mixed.

This week, however, we’re getting a much better idea of ​​how the industry is doing, with several revenue releases on tap. Here are the tech earnings announcements coming out this week that you should keep an eye out for at any business:

Alphabet

Announcement Profit 2nd quarter 2022 today (July 26) at 2 p.m. PT

  • What should you pay attention to?: Despite some PR snafus (the company was caught sharing user data with a sanctioned Russian company), Google mother Alphabet keeps going. But many analysts will be happy to see how much TikTok affects YouTube’s ad revenue as it has grown into a formidable competitor, especially among younger users. As of Tuesday, Alphabet shares are trading at about $105, down more than 25% to date.

Microsoft

Announcement Q4 FY 2022 Earnings today at 2:30 PM PT

  • What to pay attention to: Analysts expect Microsoft to show earnings growth, largely due to its nascent cloud computing business, Azure, according to to the Wall Street Journal. However, there are signs of trouble as PC sales have fallen sharply recently and the growing strength of the US dollar has made international sales less lucrative than in years past. Microsoft is also in the early stages of handling union activity with Activision Blizzard, a video game company it recently acquired. That won’t affect profits much, if any, but it’s something the company can address.

meta

Announcement Profit 2nd quarter 2022 tomorrow (July 27) at 2 p.m. PT

  • What should you pay attention to?: Meta, the parent company of Facebook, WhatsApp and Instagram, among others, has been reliably delivering strong growth and income to investors for years. But it could lose momentum, and combined with a more difficult economic environment, investors may have a disappointing earnings report in store. Last quarter, Meta first reported a drop in user numbers and a leaked internal memo reported Reuters reported last month that CEO Mark Zuckerberg has warned employees to prepare for a deep economic downturn. Like Alphabet, Meta and its social media platforms are looking for ways to handle TikTok’s growing competition.

Apple

Announcement Q3 FY 2022 Earnings on Thursday (July 28) at 2 p.m. PT

  • What should you pay attention to?Apple’s bread and butter in recent years has been its ability to get customers to buy its latest gadgets — iPhones, iPads, AirPods, etc. — but another thing to watch out for is how well customers use Apple’s services, such as Apple TV+. Last month, Apple debuted new computers in the form of a new MacBook Air and MacBook Pro (with the new M2 chip), which may have sparked some excitement about the brand. But it also has plans to slow spending and hiring across the company, as reported by Bloombergwhich could be telling for the publication of the earnings.

Amazon

Announcement Profit 2nd quarter 2022 on Thursdays at 2:30 p.m. PT

  • What should you pay attention to?: Amazon is probably more at the mercy of inflation than most other tech companies, given its dominance as a retail platform; and that may be the most important thing to keep an eye on as the company reports earnings on Thursday. (Co-retail giant Walmart has already warned of a burgeoning inventory crisis.) It’s also worth noting that Amazon’s stock has basically given up on all of its pandemic-era gains, and since a year ago by more than $180 a share (pre- split), now trades at less than $118 a share — down more than 34% and roughly equivalent to its April 2020 value.

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