Earnings week ahead: AAPL, MSFT, AMZN, META, GOOG, BA, XOM, CVX, PFE, MA, V, PYPL, SOFI, and more

[Business Person Reviewing Quarterly Report During Meeting in Office Setting]

Earnings season hits full stride in the last week of October, with a broad cross-sector lineup spanning tech, energy, financials, healthcare, consumer goods, and crypto-linked names.

The spotlight will be on five “Magnificent Seven” names: Apple (NASDAQ:AAPL [https://seekingalpha.com/symbol/AAPL]), Alphabet (NASDAQ:GOOG [https://seekingalpha.com/symbol/GOOG]), Amazon (NASDAQ:AMZN [https://seekingalpha.com/symbol/AMZN]), Microsoft (NASDAQ:MSFT [https://seekingalpha.com/symbol/MSFT]), and Meta Platforms (NASDAQ:META [https://seekingalpha.com/symbol/META]) with markets watching closely for updates on AI strategies, cloud momentum, digital advertising trends, and consumer demand signals.

Other key tech names on deck include Verizon Communications (NYSE:VZ [https://seekingalpha.com/symbol/VZ]), Cloudflare (NYSE:NET [https://seekingalpha.com/symbol/NET]), ServiceNow (NYSE:NOW [https://seekingalpha.com/symbol/NOW]), and Comcast (NASDAQ:CMCSA [https://seekingalpha.com/symbol/CMCSA]), offering updates across semiconductors, cybersecurity, and broadband infrastructure.

In energy and industrials, Exxon Mobil (NYSE:XOM [https://seekingalpha.com/symbol/XOM]), Chevron (NYSE:CVX [https://seekingalpha.com/symbol/CVX]), Boeing (NYSE:BA [https://seekingalpha.com/symbol/BA]), Transocean (NYSE:RIG [https://seekingalpha.com/symbol/RIG]), Cheniere Energy (NYSE:LNG [https://seekingalpha.com/symbol/LNG]), Caterpillar (NYSE:CAT [https://seekingalpha.com/symbol/CAT]), and Waste Management (NYSE:WM [https://seekingalpha.com/symbol/WM]) will provide insights into global demand production trends, and supply chain conditions.

Key financial and fintech names, including Visa (NYSE:V [https://seekingalpha.com/symbol/V]), Mastercard (NYSE:MA [https://seekingalpha.com/symbol/MA]), PayPal (NASDAQ:PYPL [https://seekingalpha.com/symbol/PYPL]), SoFi (NASDAQ:SOFI [https://seekingalpha.com/symbol/SOFI]), Prudential (NYSE:PRU [https://seekingalpha.com/symbol/PRU]), and Ares Capital (NASDAQ:ARCC [https://seekingalpha.com/symbol/ARCC]) are on deck, along with real estate and REITs such as W. P. Carey (NYSE:WPC [https://seekingalpha.com/symbol/WPC]), American Tower (NYSE:AMT [https://seekingalpha.com/symbol/AMT]), and VICI Properties (NYSE:VICI [https://seekingalpha.com/symbol/VICI]).

Crypto-linked names Coinbase (NASDAQ:COIN [https://seekingalpha.com/symbol/COIN]), Riot Platforms (NASDAQ:RIOT [https://seekingalpha.com/symbol/RIOT]), and Strategy (NASDAQ:MSTR [https://seekingalpha.com/symbol/MSTR]) will gauge investor appetite for digital assets as Bitcoin volatility and ETF flows continue to shape sector performance.

Healthcare remains in focus as AbbVie (NYSE:ABBV [https://seekingalpha.com/symbol/ABBV]), Merck (NYSE:MRK [https://seekingalpha.com/symbol/MRK]), Pfizer (NYSE:PFE [https://seekingalpha.com/symbol/PFE]), Eli Lilly (NYSE:LLY [https://seekingalpha.com/symbol/LLY]), UnitedHealth Group (NYSE:UNH [https://seekingalpha.com/symbol/UNH]), Bristol-Myers Squibb (NYSE:BMY [https://seekingalpha.com/symbol/BMY]), CVS Health (NYSE:CVS [https://seekingalpha.com/symbol/CVS]), Moderna (NASDAQ:MRNA [https://seekingalpha.com/symbol/MRNA]), Teladoc (NYSE:TDOC [https://seekingalpha.com/symbol/TDOC]), AstraZeneca (NASDAQ:AZN [https://seekingalpha.com/symbol/AZN]), Novartis (NYSE:NVS [https://seekingalpha.com/symbol/NVS]), Biogen (NASDAQ:BIIB [https://seekingalpha.com/symbol/BIIB]), GSK (NYSE:GSK [https://seekingalpha.com/symbol/GSK]), Teva Pharmaceutical (NYSE:TEVA [https://seekingalpha.com/symbol/TEVA]), and Regeneron (NASDAQ:REGN [https://seekingalpha.com/symbol/REGN]) release results amid ongoing shifts in drug pricing, innovation, and patient demand.

The week also features consumer staples and discretionary names like Altria (NYSE:MO [https://seekingalpha.com/symbol/MO]), Kimberly-Clark (NASDAQ:KMB [https://seekingalpha.com/symbol/KMB]), Starbucks (NASDAQ:SBUX [https://seekingalpha.com/symbol/SBUX]), Kraft Heinz (NASDAQ:KHC [https://seekingalpha.com/symbol/KHC]), eBay (NASDAQ:EBAY [https://seekingalpha.com/symbol/EBAY]), Colgate-Palmolive (NYSE:CL [https://seekingalpha.com/symbol/CL]), Etsy (NYSE:ETSY [https://seekingalpha.com/symbol/ETSY]), and Booking Holdings (NASDAQ:BKNG [https://seekingalpha.com/symbol/BKNG]) as well as media and streaming player Roku (NASDAQ:ROKU [https://seekingalpha.com/symbol/ROKU]), and logistics giant UPS (NYSE:UPS [https://seekingalpha.com/symbol/UPS]).

With so many cross-sector updates, the week will offer a high-resolution snapshot of U.S. corporate momentum as Q4 unfolds.

Below is a rundown of major earnings reports due in the week of October 27 to October 31:

MONDAY, OCTOBER 27

NXP SEMICONDUCTOR (NASDAQ:NXPI [https://seekingalpha.com/symbol/NXPI])

NXP Semiconductors (NASDAQ:NXPI [https://seekingalpha.com/symbol/NXPI]), the Dutch autofocused chipmaker, is set to report its Q3 results after the close on Monday, with analysts expecting profits to fall ~10% Y/Y on a roughly 3% decline in revenue.

While the company’s auto segment has stabilized, broader automotive demand remains soft, complicating the outlook. SA contributor Jia Ming Eow notes [https://seekingalpha.com/article/4827675-nxp-semiconductors-fsd-hopes-with-automotive-cyclicality] that although NXP could benefit from the longer-term rise of full self-driving (FSD) and increasing semiconductor content per vehicle, near-term weakness persists across several business lines, leaving growth visibility uncertain. The stock is not trading at a clear discount or premium relative to peers or its historical averages, making sentiment harder to turn meaningfully positive. Eow maintains a Hold rating.

Wall Street, however, remains more optimistic with a consensus Buy, while Seeking Alpha’s quant model stays cautious at Hold [https://seekingalpha.com/symbol/NXPI/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating].

* Consensus EPS Estimates: $3.12
* Consensus Revenue Estimates: $3.16B
* Earnings Insight: NXP has outperformed EPS expectations in 7 of the past 8 quarters and revenue forecasts in 6 of those reports.

ALSO REPORTING: WM (NYSE:WM [https://seekingalpha.com/symbol/WM]), Welltower (WELL [https://seekingalpha.com/symbol/WELL]), Bed Bath & Beyond (BBBY [https://seekingalpha.com/symbol/BBBY]), Two Harbors Investment (TWO [https://seekingalpha.com/symbol/TWO]), NOV (NOV [https://seekingalpha.com/symbol/NOV]), Leggett & Platt (LEG [https://seekingalpha.com/symbol/LEG]), BioMarin Pharmaceutical (BMRN [https://seekingalpha.com/symbol/BMRN]), Cadence Design Systems (CDNS [https://seekingalpha.com/symbol/CDNS]), Whirlpool (WHR [https://seekingalpha.com/symbol/WHR]), F5 Networks (FFIV [https://seekingalpha.com/symbol/FFIV]), Daqo New Energy (DQ [https://seekingalpha.com/symbol/DQ]), Olin Corporation (OLN [https://seekingalpha.com/symbol/OLN]), Alliance Resource Partners, L.P. (ARLP [https://seekingalpha.com/symbol/ARLP]), Noble Corporation (NE [https://seekingalpha.com/symbol/NE]), and more.

TUESDAY, OCTOBER 28

SOFI TECHNOLOGIES (NASDAQ:SOFI [https://seekingalpha.com/symbol/SOFI])

Online personal financing firm SoFi Technologies (NASDAQ:SOFI [https://seekingalpha.com/symbol/SOFI]) is slated to report its Q3 results on Tuesday before the market opens, with analysts expecting profits to rise ~69% Y/Y alongside revenue growth of about 30%.

The stock has surged 139% over the past six months, though both Wall Street analysts and Seeking Alpha’s Quant Rating maintain a Hold stance [https://seekingalpha.com/symbol/SOFI/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], citing valuation and profitability concerns.

SoFi recently launched [https://seekingalpha.com/news/4501367-sofi-starts-offering-no-fee-options-trading-for-beginners] no-fee options trading for retail investors, removing commissions, contract fees, and exercise/assignment charges to boost accessibility and transparency. Eligibility for options approval at SoFi is still determined by criteria like trading experience, investment objectives, and overall financial profile, ensuring that appropriate risk controls remain in place. Educational tools are being integrated directly into the SoFi platform to help users trade responsibly and understand the associated risks.

SA Investing Group leader Michael Wiggins De Oliveira remains bullish with a Strong Buy rating [https://seekingalpha.com/article/4831204-sofi-inflection-coming-why-im-long], arguing that SoFi is evolving into a full-scale personal finance platform with expanding offerings, including crypto and blockchain services. He sees the potential for >25% revenue growth in 2026 if interest rates ease, supporting a premium valuation. However, he notes the company still lacks sustained free cash flow and may need additional capital over time. With high retail participation, the stock remains volatile, making prudent position sizing important.

For now, both Wall Street consensus and Seeking Alpha’s quant model rate the stock at Hold [https://seekingalpha.com/symbol/SOFI/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating].

* Consensus EPS estimates: $0.08
* Consensus Revenue Estimates: $893.47M
* Earnings Insight: The company has exceeded revenue in 100% of the past 8 quarters, missing EPS only once in that time frame.

ALSO REPORTING: PayPal (NASDAQ:PYPL [https://seekingalpha.com/symbol/PYPL]), Visa (NYSE:V [https://seekingalpha.com/symbol/V]), UnitedHealth Group (NYSE:UNH [https://seekingalpha.com/symbol/UNH]), W. P. Carey (NYSE:WPC [https://seekingalpha.com/symbol/WPC]), United Parcel Service (NYSE:UPS [https://seekingalpha.com/symbol/UPS]), NextEra Energy (NEE [https://seekingalpha.com/symbol/NEE]), Ares Capital (NASDAQ:ARCC [https://seekingalpha.com/symbol/ARCC]), American Tower (NYSE:AMT [https://seekingalpha.com/symbol/AMT]), Enphase Energy (ENPH [https://seekingalpha.com/symbol/ENPH]), Corning (GLW [https://seekingalpha.com/symbol/GLW]), Regeneron Pharmaceuticals (NASDAQ:REGN [https://seekingalpha.com/symbol/REGN]), ONEOK (OKE [https://seekingalpha.com/symbol/OKE]), Carrier Global (CARR [https://seekingalpha.com/symbol/CARR]), Booking Holdings (NASDAQ:BKNG [https://seekingalpha.com/symbol/BKNG]), Nucor (NUE [https://seekingalpha.com/symbol/NUE]), Royal Caribbean Cruises (RCL [https://seekingalpha.com/symbol/RCL]), Electronic Arts (EA [https://seekingalpha.com/symbol/EA]), Seagate Technology (STX [https://seekingalpha.com/symbol/STX]), Mondelez International (MDLZ [https://seekingalpha.com/symbol/MDLZ]), JetBlue Airways (JBLU [https://seekingalpha.com/symbol/JBLU]), and more.

WEDNESDAY, OCTOBER 29

ALPHABET (NASDAQ:GOOG [https://seekingalpha.com/symbol/GOOG]) (GOOGL [https://seekingalpha.com/symbol/GOOGL])

Alphabet (NASDAQ:GOOG [https://seekingalpha.com/symbol/GOOG]) is scheduled to report its Q3 results after the market close on Thursday. Analysts expect earnings to increase about 8% Y/Y, with revenue growing roughly 13%.

Ahead of results, SA contributor Deep Value Investing maintains a Strong Buy [https://seekingalpha.com/article/4832517-alphabet-relentless-bull-run-meets-q3-earnings] stance, citing continued momentum in cloud and services. The author expects double-digit revenue growth to hold, with Street estimates calling for ~$100B in revenue and ~$2.29 in EPS for the quarter. However, rising headcount, higher CapEx tied to AI infrastructure, and broader regulatory pressures remain key risks. Still, the stock’s consolidation near record highs, supported by AI-driven demand, is seen as reinforcing the bullish case.

In contrast, contributor Dilantha De Silva rates the stock as Hold. He argues [https://seekingalpha.com/article/4832050-google-4-reasons-why-chatgpt-atlas-does-not-pose-a-threat-to-chrome] that competitive threats, including OpenAI’s new “Atlas” browser, remain constrained by Alphabet’s entrenched distribution advantage, notably Chrome’s market dominance and the underlying Chromium framework, which Atlas itself relies on. The author also notes that Alphabet’s AI-integrated Search and Gemini rollout is already scaling, with AI Overviews now reaching more than 2B monthly users and monetizing at rates similar to traditional Search, which helped neutralize prior margin concerns after Q2.

Despite Alphabet’s ~33% YTD rally and Buy ratings from most Wall Street analysts, Seeking Alpha’s Quant Rating assigns the stock a Hold [https://seekingalpha.com/symbol/GOOG/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], citing valuation and regulatory uncertainty.

* Consensus EPS Estimates: $2.29
* Consensus Revenue Estimates: $100.04B
* Earnings Insight: Google has topped EPS expectations in 8 consecutive quarters, beating revenue estimates in 7 of those reports.

MICROSOFT (NASDAQ:MSFT [https://seekingalpha.com/symbol/MSFT])

Microsoft (NASDAQ:MSFT [https://seekingalpha.com/symbol/MSFT]) will report its FQ1 results after the market closes on Wednesday, with analysts expecting double-digit growth in both revenue and earnings. Investor focus will remain squarely on Azure, where AI workloads are beginning to translate into sustained demand despite ongoing data center capacity constraints.

Wall Street analysts broadly maintain Strong Buy ratings on the stock, though Seeking Alpha’s Quant Rating is more cautious with a Hold [https://seekingalpha.com/symbol/MSFT/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], citing valuation concerns.

Meanwhile, Microsoft is reportedly [https://seekingalpha.com/news/4507483-microsoft-tells-xbox-unit-to-deliver-margins-above-industry-average---report] pushing its Xbox division to reach profit margins of around 30%, well above the gaming industry's typical 17%–22% range, according to Bloomberg. The margin effort has led to project cancellations, layoffs, pricing shifts, and a strategic tilt toward lower-cost development and higher-revenue titles. Additionally, the company is reassessing its hardware business amid weaker device performance, and its day-one release strategy on Game Pass has pressured full-price game sales.

SA contributor Juxtaposed Ideas remains [https://seekingalpha.com/article/4831402-microsoft-insatiable-compute-and-enterprise-saas-demand-wait-for-dip-buying-opportunity] constructive, highlighting strong cloud and SaaS monetization through the AI cycle. The author notes that Microsoft is capacity-constrained, not demand-constrained, and expects elevated CapEx into FY26 as the company expands infrastructure and in-house AI chip development. Despite near-term pressure on cloud margins, a $368B multi-year backlog and richer enterprise mix support continued earnings momentum. The author reiterates a Buy, though suggests waiting for a more favorable entry to dollar-cost average.

By contrast, SA contributor Florian Muller takes a more measured view [https://seekingalpha.com/article/4831114-if-ai-works-microsoft-wins-if-it-doesnt-microsoft-wins]. While Intelligent Cloud growth accelerated to 26% Y/Y, higher infrastructure spending has modestly weighed on returns. The author argues Microsoft can scale back CapEx if AI economics disappoint, preserving balance sheet flexibility. Still, with valuation already stretched, Muller's longer-term fair value outlook implies only mid-single-digit annual returns. As a result, the stock is rated Hold, primarily on valuation and return expectations rather than business quality.

* Consensus EPS Estimates: $3.66
* Consensus Revenue Estimates: $75.37B
* Earnings Insight: Microsoft has outperformed EPS and revenue forecasts in 8 straight quarters.

META PLATFORMS (NASDAQ:META [https://seekingalpha.com/symbol/META])

Meta Platforms (NASDAQ:META [https://seekingalpha.com/symbol/META]), the parent company of Facebook, is set to report its Q3 earnings after the market closes on Wednesday, following results from Microsoft and Alphabet. Analysts expect profits to grow roughly 10% Y/Y.

Ahead of the report, Meta is making headlines for job cuts [https://seekingalpha.com/news/4506637-meta-to-cut-600-jobs-in-its-ai-superintelligence-unit---report] within its superintelligence unit. According to Axios, the company will eliminate about 600 roles across its Fundamental AI Research lab (FAIR) and its product and infrastructure-focused AI teams. In an internal memo, newly appointed AI chief Alexandr Wang said the restructuring aims to make the division “more agile,” reducing layers of decision-making to increase individual impact. Employees in the U.S. were notified Wednesday morning.

While sell-side analysts continue to rate the stock as a Strong Buy, Seeking Alpha’s Quant Rating is more cautious with a Hold [https://seekingalpha.com/symbol/META/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], citing valuation and expense risk.

SA contributor Deep Value Investing remains positive [https://seekingalpha.com/article/4831897-meta-ultra-bullish-heading-into-q3-earnings-with-a-likely-capex-upward-revision-at-the-midpoint] on Meta’s setup heading into Q3, pointing to the company’s aggressive AI infrastructure buildout and recently announced capacity and financing deals. These include a long-term compute arrangement with CoreWeave valued at $14.2B, ~$30B in Hyperion financing, and additional rack and data center expansions. Meta previously guided Q3 revenue to $47.5B–$50.5B, implying roughly 17% Y/Y growth at the midpoint. However, risks remain. Regulatory pressures in Europe could affect ad targeting, including potential changes tied to the EU’s DMA and political advertising guidelines. With FY2025 CapEx guidance already elevated at $66B–$72B to support AI scaling, investors will look for clarity on expense discipline and monetization timing.

* Consensus EPS Estimates: $6.64
* Consensus Revenue Estimates: $49.38B
* Earnings Insight: Meta has topped EPS and revenue expectations in 8 consecutive quarters.

ALSO REPORTING: Verizon Communications (NYSE:VZ [https://seekingalpha.com/symbol/VZ]), Boeing (NYSE:BA [https://seekingalpha.com/symbol/BA]), Starbucks (NASDAQ:SBUX [https://seekingalpha.com/symbol/SBUX]), CVS Health (NYSE:CVS [https://seekingalpha.com/symbol/CVS]), Caterpillar (NYSE:CAT [https://seekingalpha.com/symbol/CAT]), Teladoc Health (NYSE:TDOC [https://seekingalpha.com/symbol/TDOC]), Kraft Heinz Company (NASDAQ:KHC [https://seekingalpha.com/symbol/KHC]), MercadoLibre (MELI [https://seekingalpha.com/symbol/MELI]), Etsy (NYSE:ETSY [https://seekingalpha.com/symbol/ETSY]), Prudential Financial (NYSE:PRU [https://seekingalpha.com/symbol/PRU]), GlaxoSmithKline (NYSE:GSK [https://seekingalpha.com/symbol/GSK]), Phillips 66 (PSX [https://seekingalpha.com/symbol/PSX]), ServiceNow (NYSE:NOW [https://seekingalpha.com/symbol/NOW]), Chipotle Mexican Grill (CMG [https://seekingalpha.com/symbol/CMG]), Transocean (NYSE:RIG [https://seekingalpha.com/symbol/RIG]), STAG Industrial (STAG [https://seekingalpha.com/symbol/STAG]), eBay (NASDAQ:EBAY [https://seekingalpha.com/symbol/EBAY]), Agnico-Eagle Mines (AEM [https://seekingalpha.com/symbol/AEM]), Bausch Health Companies (BHC [https://seekingalpha.com/symbol/BHC]), Amarin Corporation (AMRN [https://seekingalpha.com/symbol/AMRN]), Otis Worldwide (OTIS [https://seekingalpha.com/symbol/OTIS]), Ventas (VTR [https://seekingalpha.com/symbol/VTR]), MGM Resorts International (MGM [https://seekingalpha.com/symbol/MGM]), EPR Properties (EPR [https://seekingalpha.com/symbol/EPR]), Automatic Data Processing (ADP [https://seekingalpha.com/symbol/ADP]), Opko Health (OPK [https://seekingalpha.com/symbol/OPK]), KLA Corporation (KLAC [https://seekingalpha.com/symbol/KLAC]), American Electric Power Company (AEP [https://seekingalpha.com/symbol/AEP]), and more.

THURSDAY, OCTOBER 30

APPLE (NASDAQ:AAPL [https://seekingalpha.com/symbol/AAPL])

Apple (NASDAQ:AAPL [https://seekingalpha.com/symbol/AAPL]) is set to report its FQ4 earnings on Thursday after the close, with Wall Street expecting ~8% Y/Y growth in both revenue and EPS.

Early market data points to resilient demand across the smartphone market. According to preliminary IDC figures, Apple shipped 58.6M [https://seekingalpha.com/news/4503960-global-smartphone-shipments-rise-26-in-q3-samsung-apple-secure-top-spots-idc] units in the July quarter, its strongest performance for that period on record, while Samsung posted its highest July-quarter growth with 61.4M units shipped. IDC highlighted robust pre-orders for Apple’s new iPhone 17 lineup, while Samsung’s Galaxy Z Fold 7 and Flip 7 saw record demand among foldable devices.

Wall Street analysts maintain Buy ratings on Apple, but Seeking Alpha’s Quant Rating remains more cautious at Hold [https://seekingalpha.com/symbol/AAPL/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], citing valuation and growth normalization concerns.

MARKET SENTIMENT REMAINS DIVIDED:

Juxtaposed Ideas maintains a Hold [https://seekingalpha.com/article/4831126-apple-iphone-17-rally-overly-done-product-margins-may-suffer], noting that optimism around strong iPhone 17 demand and Hon Hai’s higher September revenue may have already been priced in. The contributor also flags tariff exposure, as management previously guided an estimated ~$1.1B tariff impact for FQ4, which could pressure product gross margins. Combined with Apple’s struggle to decisively break above its 2024 highs near the upper-$250 range, the author sees a mixed near-term setup.

On the bearish end, James A. Kostohryz rates the stock Sell [https://seekingalpha.com/article/4828409-apples-implicitly-expected-eps-growth-realistic-or-bubble], arguing that Apple’s valuation implies nearly 14% real EPS growth sustained over a decade, a level that he says exceeds both Apple’s historical performance and consensus expectations. Even if those optimistic growth rates materialize, he estimates intrinsic value remains significantly below the current share price.

Conversely, Semiconductor Analyst upgrades Apple to Buy [https://seekingalpha.com/article/4832205-apple-stock-q4-preview-earnings-quality-margin-resilience-exceed-expectations-rating-upgrade], citing stronger-than-expected margin durability. Services division now accounts for nearly one-third of revenue and carries gross margins near 75%, supporting company-wide margins of ~46–47%. Strong early uptake for the iPhone 17 and diversification of manufacturing outside China are seen as stabilizing long-term fundamentals.

* Consensus EPS Estimates: $1.77
* Consensus Revenue Estimates: $102.09B
* Earnings Insight: Apple has beaten EPS and revenue estimates in 8 straight quarters.

AMAZON.COM (NASDAQ:AMZN [https://seekingalpha.com/symbol/AMZN])

E-commerce and cloud giant Amazon (NASDAQ:AMZN [https://seekingalpha.com/symbol/AMZN]) is scheduled to report its Q3 earnings on Thursday after the close, with Wall Street expecting profits to rise ~9% Y/Y on a ~12% increase in revenue.

Shares have climbed more than 22% over the past six months, supported by renewed confidence in the company’s diversified growth strategy.

While sell-side analysts broadly maintain a Strong Buy rating, Seeking Alpha’s Quant Rating recently shifted to Hold [https://seekingalpha.com/symbol/AMZN/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating] from Strong Buy, signaling caution despite widespread bullish sentiment.

SA Investing Group Leader Andres Cardenal, CFA reiterates a Strong Buy [https://seekingalpha.com/article/4831947-3-reasons-to-buy-amazon], arguing Amazon’s scale, cost efficiency, and brand dominance create a durable competitive moat. Margin expansion is expected as higher-margin segments, particularly AWS and Advertising, contribute a larger share of revenue. He views the stock as attractively valued even amid near-term uncertainty, saying the market may be underestimating Amazon’s earnings power and long-term growth runway.

In contrast, contributor Bernard Zambonin maintains a Hold rating [https://seekingalpha.com/article/4830764-amazon-q3-not-expecting-a-show-off], citing ongoing pressure in AWS. He notes AWS growth in Q1–Q3 2025 is tracking near ~17% Y/Y, below market expectations, partly due to capacity constraints and power availability issues. Additionally, demand for AI-first, integrated cloud solutions from Azure and Google is drawing enterprise workloads away from AWS for advanced AI applications. Advertising remains a key bright spot and continues to bolster profitability in the North America retail segment.

However, Zambonin argues that AWS growth and margin stabilization remain the critical variables for valuation upside. To balance opportunity and risk, he suggests a bull call spread options strategy to capture moderate upside tied to AWS reacceleration, margin trends, and advertising momentum.

* Consensus EPS Estimates: $1.56
* Consensus Revenue Estimates: $177.69B
* Earnings Insight: Amazon has beaten EPS expectations in all the past 8 quarters and revenue 7 times in that time span.

ALSO REPORTING: Rithm Capital (RITM [https://seekingalpha.com/symbol/RITM]), Altria Group (NYSE:MO [https://seekingalpha.com/symbol/MO]), Gilead Sciences (GILD [https://seekingalpha.com/symbol/GILD]), Merck & Co. (NYSE:MRK [https://seekingalpha.com/symbol/MRK]), Bristol Myers Squibb (NYSE:BMY [https://seekingalpha.com/symbol/BMY]), Enterprise Products Partners L.P. (EPD [https://seekingalpha.com/symbol/EPD]), Reddit (RDDT [https://seekingalpha.com/symbol/RDDT]), Mastercard (NYSE:MA [https://seekingalpha.com/symbol/MA]), Roku (NASDAQ:ROKU [https://seekingalpha.com/symbol/ROKU]), Twilio (TWLO [https://seekingalpha.com/symbol/TWLO]), Coinbase Global (NASDAQ:COIN [https://seekingalpha.com/symbol/COIN]), Omega HealthCare Investors (OHI [https://seekingalpha.com/symbol/OHI]), Medical Properties Trust (MPW [https://seekingalpha.com/symbol/MPW]), Lumen Technologies (LUMN [https://seekingalpha.com/symbol/LUMN]), Comcast (NASDAQ:CMCSA [https://seekingalpha.com/symbol/CMCSA]), Cloudflare (NYSE:NET [https://seekingalpha.com/symbol/NET]), Southern Company (SO [https://seekingalpha.com/symbol/SO]), Roblox Corporation (RBLX [https://seekingalpha.com/symbol/RBLX]), Vale S.A. (VALE [https://seekingalpha.com/symbol/VALE]), First Solar (FSLR [https://seekingalpha.com/symbol/FSLR]), Biogen (NASDAQ:BIIB [https://seekingalpha.com/symbol/BIIB]), Eli Lilly & Co. (NYSE:LLY [https://seekingalpha.com/symbol/LLY]), Riot Platforms (NASDAQ:RIOT [https://seekingalpha.com/symbol/RIOT]), Illumina (ILMN [https://seekingalpha.com/symbol/ILMN]), SiriusXM Holdings (SIRI [https://seekingalpha.com/symbol/SIRI]), Western Digital (WDC [https://seekingalpha.com/symbol/WDC]), Kimberly-Clark (NASDAQ:KMB [https://seekingalpha.com/symbol/KMB]), Zillow (Z [https://seekingalpha.com/symbol/Z]), TotalEnergies SE (TTE [https://seekingalpha.com/symbol/TTE]), VICI Properties (NYSE:VICI [https://seekingalpha.com/symbol/VICI]), Cardinal Health (CAH [https://seekingalpha.com/symbol/CAH]), Atlassian (TEAM [https://seekingalpha.com/symbol/TEAM]), Cheniere Energy (NYSE:LNG [https://seekingalpha.com/symbol/LNG]), Howmet Aerospace (HWM [https://seekingalpha.com/symbol/HWM]), Anheuser-Busch InBev (BUD [https://seekingalpha.com/symbol/BUD]), Stryker (SYK [https://seekingalpha.com/symbol/SYK]), Rocket Companies (RKT [https://seekingalpha.com/symbol/RKT]), Kellanova (K [https://seekingalpha.com/symbol/K]), and more.

FRIDAY, OCTOBER 31

CHEVRON (NYSE:CVX [https://seekingalpha.com/symbol/CVX]) AND EXXONMOBIL (NYSE:XOM [https://seekingalpha.com/symbol/XOM])

Chevron (NYSE:CVX [https://seekingalpha.com/symbol/CVX]) and ExxonMobil (NYSE:XOM [https://seekingalpha.com/symbol/XOM]) are set to close out a busy earnings week, with their Q3 reports scheduled before the market opens on Friday. Analysts anticipate Y/Y declines in revenue and profit for both oil majors, reflecting ongoing sector headwinds.

Despite this, Seeking Alpha’s Quant Ratings remain bullish on ExxonMobil, assigning it a Strong Buy [https://seekingalpha.com/symbol/XOM/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating], while Chevron carries a more cautious Hold rating [https://seekingalpha.com/symbol/CVX/ratings/quant-ratings#source=firstLevelUrl%3Asymbol%7CbiSectionAsset%3ARatingSummary%7CbiName%3AQuant_rating]. Wall Street analysts continue to recommend both stocks as Buy.

SA Investing Group leader Envision Research rates CVX as a Strong Buy [https://seekingalpha.com/article/4827289-chevron-winter-is-coming] and XOM as a Buy [https://seekingalpha.com/article/4830454-exxon-mobil-prepare-for-a-cold-winter]. According to the firm, Chevron’s current valuation is attractive, supported by oil supply dynamics and uncertainties around oil prices. The market may be overestimating these risks, while the potential upside from natural gas is not fully priced in. A colder-than-average winter is expected to boost U.S. natural gas demand, supporting higher prices and benefiting CVX’s profits. Combined with an above-average dividend yield, strong financials, and potential upside from the Hess deal, Chevron’s return/risk profile looks favorable.

For ExxonMobil, Envision notes that recent developments, such as trade conflicts and potential OPEC production increases, could weigh on oil prices and XOM’s near-term performance. However, the market appears overly pessimistic, as Exxon trades at a discount both to its historical valuation and to the broader energy sector. Positive catalysts, including a colder-than-expected winter, could lift profits and valuations. Envision estimates that a $0.1/MBTU increase in natural gas prices could add $0.08 to XOM’s EPS, potentially pushing the share price to $130–135 over the next 4–6 months.

* Consensus EPS Estimates: XOM: $1.83; CVX: $1.70
* Consensus Revenue Estimates: XOM: $83.60B; CVX: $47.12B
* Earnings Insight: XOM has topped EPS expectations in 6 of the past 8 quarters, beating revenue estimates in 4 of those reports, whereas CVX has beaten EPS in 5 and revenue in 4 of those past 8 quarters.

ALSO REPORTING: Marcus Corporation (MCS [https://seekingalpha.com/symbol/MCS]), AbbVie (NYSE:ABBV [https://seekingalpha.com/symbol/ABBV]), T. Rowe Price Group (TROW [https://seekingalpha.com/symbol/TROW]), Dominion Energy (D [https://seekingalpha.com/symbol/D]), Federal Realty Investment Trust (FRT [https://seekingalpha.com/symbol/FRT]), LyondellBasell Industries (LYB [https://seekingalpha.com/symbol/LYB]), Canadian National Railway Company (CNI [https://seekingalpha.com/symbol/CNI]), Magna International (MGA [https://seekingalpha.com/symbol/MGA]), Cenovus Energy (CVE [https://seekingalpha.com/symbol/CVE]), Linde (LIN [https://seekingalpha.com/symbol/LIN]), Newell Brands (NWL [https://seekingalpha.com/symbol/NWL]), Butterfly Network (BFLY [https://seekingalpha.com/symbol/BFLY]), W.W. Grainger (GWW [https://seekingalpha.com/symbol/GWW]), Carlyle Group L.P. (CG [https://seekingalpha.com/symbol/CG]), Proto Labs (PRLB [https://seekingalpha.com/symbol/PRLB]), and more.

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