Gotrade News - The Magnificent Seven earnings sprint kicks off this week with four members reporting Wednesday and Thursday. Microsoft, Alphabet, Meta, and Amazon sit at the steering wheel of the global tech tape.
- Microsoft, Alphabet, and Meta are due Wednesday (29/04), with Amazon following Thursday (30/04).
- Average Mag 7 implied moves sit at just 2.7%, reflecting a rally that is largely priced in.
- S&P 500 Q1 2026 earnings are projected to grow 12% year over year, with 80% of reporters beating consensus so far.
Markets enter this week after a strong April rally across the Mag 7 cohort. Amazon led with a 26.75% gain while Microsoft brought up the rear at 14.71%.
Microsoft becomes the headline name on Azure growth tracking near 38% for the quarter. Consensus puts EPS near $4.04 on revenue of roughly $81.4 billion.
Alphabet brings the Google Cloud catalyst, with growth potentially clearing 48% on the quarter. Consensus EPS sits near $2.83 on quarterly revenue of about $107 billion.
Amazon targets revenue of roughly $177.2 billion and consensus EPS near $2.11 for Q1. The Globalstar acquisition adds a satellite-infrastructure layer to the broader narrative.
Meta carries the strongest margin profile of the group with consensus EPS at $7.51. Quarterly revenue is set near $55.5 billion against still-aggressive AI capex.
Apple follows the Wednesday-Thursday quartet with its print early next week. The board recently named John Ternus as Tim Cook's successor effective September.
A common thread across all five names is the AI infrastructure spending arms race. Alphabet has reportedly committed up to $40 billion to Anthropic while rolling out new TPU silicon to challenge Nvidia.
Microsoft also enters the week with an extra legal overhang to monitor. Elon Musk's lawsuit against OpenAI begins this week with Microsoft named as a defendant.
The 2.7% average implied move suggests a relatively calm reaction profile in options. Bigger moves are likely only if Cloud growth, AI guidance, or 2026 outlook surprises materially.
Retail investors should weigh Cloud growth and AI commentary over headline EPS prints. Those are the variables that have consistently re-rated tech valuations higher this year.
