Earnings Report

Alphabet exceeded Q4 earnings expectations, with Google Cloud showing strong growth. The company plans a massive surge in AI investment for 2026, projecting capital expenditures of $175-185 billion to boost AI compute capacity and cloud demand. Despite strong financial results, the stock saw a slight dip. Gemini AI app usage is growing, and AI serving costs are decreasing. “Other Bets” faced a wider loss, impacted by Waymo’s compensation charge.

Amazon faces a turbulent week before its earnings report, marked by a premature layoff announcement and controversy over a $75 million investment in a Melania Trump documentary. These events, coupled with broader cost-cutting initiatives and Jeff Bezos’s Washington Post facing layoffs, create internal and external scrutiny. Despite this, analysts anticipate strong Q4 results driven by AWS and advertising, with a significant focus on Amazon’s substantial AI investments.

SanDisk’s stock soared after a strong Q2 earnings report, significantly beating Wall Street expectations. Driven by AI demand and a flash storage chip shortage, the company exceeded profit and revenue forecasts. SanDisk’s optimistic Q3 outlook, projecting substantial growth in both revenue and earnings, led to an “outperform” upgrade from Raymond James. The memory chip shortage, with demand outpacing supply, is enabling price increases and strong profit margins for companies like SanDisk, impacting various tech sectors.

Apple’s fiscal first quarter saw strong revenue growth, driven by a 23% surge in iPhone sales and solid performance in its Services division. The company beat analyst expectations for both revenue and earnings, with particularly impressive growth in Greater China. Despite concerns over memory costs, Apple provided an optimistic outlook for the next quarter, projecting double-digit revenue growth and improved gross margins. A new AI partnership with Google is also poised to enhance future offerings.

SAP’s stock plunged 16% as fourth-quarter cloud backlog growth of 16% missed analyst expectations. The company cited large transformational deals and legal termination clauses for the shortfall, though CEO Christian Klein remains optimistic about future revenue acceleration. Investors are also watching SAP’s response to AI’s potential impact on software development demand and its own R&D integration efforts.

Vistra Corp. will release its Q4 and full-year 2025 financial results on February 26, 2026, with an investor call at 10 a.m. ET. The company, operating a diverse generation portfolio including renewables and storage, faces industry shifts driven by regulations and technology. Investors anticipate updates on performance across segments, renewable investments, market dynamics, and capital allocation strategies. A webcast and phone participation options are available, with a replay accessible for a year.

Portland General Electric (POR) will release its Q4 and full-year 2025 financial results on February 20th, followed by an analyst call. The report comes as the utility sector faces significant shifts towards sustainability. PGE, a leader in voluntary renewable energy programs and customer experience, is pursuing ambitious emission reduction goals by 2030 and 2040. Investors will scrutinize capital allocation and progress on decarbonization initiatives.

Western Digital is set to report its Q2 FY26 earnings on January 29, 2026. Investors will be focused on the company’s performance in flash memory and HDD technologies, crucial for the booming AI and cloud computing markets. Key discussion points will include advancements in NAND flash, the strategy for its HDD business, and how Western Digital is navigating intense competition and evolving market demands for high-capacity, cost-efficient, and sustainable storage solutions.

Nvidia’s Q3 earnings exceeded expectations, fueled by the AI boom and reinforced by a bullish outlook. CEO Jensen Huang dismissed “AI bubble” concerns, citing increasing GPU adoption, new AI applications, and agentic AI. The company reaffirmed its $500 billion AI chip order forecast for 2025-2026. China sales were “insignificant” due to geopolitical tensions and competition, despite licenses for H20 chip exports. Analysts see continued growth, projecting substantial future cash flow for Nvidia.