The global corporate reporting calendar steps up a gear next week, with investors turning their attention to a series of major earnings releases that could set the tone for markets through the second half of 2026.
In the US, the spotlight will be on the start of bank earnings season, with JPMorgan Chase (NYSE:JPM), alongside other major financial groups, providing a key update on the health of the US economy, consumer credit trends and whether investment banking activity is recovering. Technology and AI will also remain firmly in focus, with TSMC (NYSE:TSM) and Netflix (NASDAAQ:NFLX) among the most closely watched names, while industrial investors will look for updates from GE Aerospace (NYSE::GE) and Cintas (NASDAQ:CTAS).
UK investors will be monitoring several important updates, including Burberry’s (LON:BRBY) latest trading statement as the luxury group attempts to revive growth, alongside Auto Trader’s (LON:AUTO) AGM and Trustpilot’s (LON:TRST) trading update. Trustpilot’s update will be particularly significant after a volatile period for the shares, with investors looking for evidence that investment in its platform, subscription growth and AI-driven opportunities are translating into stronger financial performance.
Trustpilot emerges as clear AI winner as profit and traffic surge
With valuations, consumer demand and the outlook for corporate earnings all under scrutiny, next week’s announcements could provide important clues on where investors see the biggest opportunities — and risks — for the months ahead.
JPMorgan Chase (NYSE:JPM)
With a market cap of around $900 billion and assets of around $5 trillion, JPMorgan Chase (NYSE:JPM) is the world’s biggest bank. Therefore, what it has to say about current trading and the global outlook matters hugely for investors.
In Q1, the bank delivered strong results with net revenue up 9% to $50 billion and net income up 27% to $16.5 billion. Performance was positive across all business lines, and quarterly EPS of $5.94 comfortably beat the $5.49 Wall Street consensus.
CEO Jamie Dimon described the US backdrop as ‘resilient, with consumers still earning and spending and businesses still healthy’. Dimon described increased fiscal stimulus, deregulation, AI-driven capital spending and Federal Reserve asset purchases as continued tailwinds to the economy.
Consensus forecasts for JPMorgan Chase
| Q2 2026 | FY2026 | FY2027 | |
| Revenue ($bn) | 48.7 | 197.8 | 205.6 |
| EPS ($) | 5.52 | 22.82 | 23.93 |
Source: Zacks Investment Research
Once again though, he pointed to ‘an increasingly complex’ set of risks including energy price volatility, trade uncertainty, large global deficits and elevated asset prices. ‘While we cannot predict how these risks ultimately play out, they are significant and they reinforce why we prepare for a wide range of environments’, added Dimon.
Burberry (LON:BRBY)
Shares in Burberry (LON:BRBY) remain in a funk with uncertain consumer confidence and geopolitical upheaval impacting sentiment towards the luxury sector. Given these headwinds, investors will be hoping for further signs of turnaround progress when the trench coats-to-cashmere scarves seller struts in with its Q1 trading update (17 July).
Chief among them will be Nick Train, manager of investment trust Finsbury Growth & Income (LON:FGT). Buy-and-hold investor Train has consistently championed Burberry’s attractions and stuck with the position through thick and thin. Will his patience be rewarded?
Burberry’s Q1 comparable sales growth and margin performance will be in focus. And investors will be counting on a continued sales recovery in the key luxury markets of Greater China and the US.
Back in May, Burberry delivered forecast-beating FY26 profits, buoyed by better-than-expected Q4 sales. Led by CEO Joshua Schulman, the FTSE 100 firm also insisted its turnaround strategy had reached a ‘meaningful inflection point’.
Schulman’s focus on Burberry’s signature scarves and trench coats is clearly paying off. Since taking over as CEO in 2024, Schulman has halted his predecessors’ push to take the brand upmarket, lowering prices to make Burberry accessible and affordable to more shoppers.
Consensus forecasts for Burberry
| FY2027 | FY2028 | |
| Revenue (£bn) | 2.55 | 2.69 |
| EPS (p) | 38.1 | 55.9 |
Source: Stockopedia
Q4 comparable store sales rose 5%, ahead of the 4.6% analysts were looking for. Double-digit growth in both Greater China and the Americas demonstrated Burberry’s refocus on its British heritage and core categories is resonating with customers in major markets. However, Q4 EMEIA sales were down 2% amid a slowdown in regional tourist activity, not helped by the impact of the Middle East conflict.
For FY27, analysts are calling for a rise in revenue from £2.42 billion to £2.55 billion and growth in earnings per share from 25.3p to 38.1p. For FY28, the market expects a further top line advance to £2.69 billion, which should translate into earnings per share of 55.9p.
Trustpilot (LON:TRST)
Emerging as one of the UK’s most exciting growth stocks this year, online reviews platform Trustpilot (LON:TRST) has surged as investors begin to buy the narrative that AI is a potential gift, not a threat. Its’ Q2 trading update next week (Thursday, 16 July) is likely to be judged less on headline revenue growth and more on whether management can demonstrate that its strong momentum in enterprise customers, AI-powered products and profitability has continued into the first half of 2026.
After delivering better-than-expected 2025 results in March, including 20% constant-currency revenue growth, a 69% jump in adjusted EBITDA and a further share buyback, expectations have risen considerably. The shares have been one of the FTSE’s stronger technology performers in 2026 after rallying 67% YTD, helped by confidence that Trustpilot is evolving from a fast-growing software platform into a sustainably profitable business.
Consensus forecasts for Trustpilot
| FY2025 | FY2026f | FY2027f | |
| Revenue ($m) | 261 | 313 | 364 |
| EPS ($) | 1.87 | 6.71 | 9.65 |
Source: Stockopedia
Operationally, investors will focus on enterprise customer additions, North American growth, bookings, retention rates and evidence that AI features are increasing customer value while keeping costs under control. Any update on operating margins or free cash flow could also prove influential.
Analysts broadly expect another year of high-teens revenue growth, with consensus pointing to around $313 million of revenue alongside further earnings and margin expansion as operating leverage improves. Hitting the market’s $6.71 EPS estimate this yea would imply ~260% YoY growth.
Given the shares’ strong run, however, simply meeting expectations may not be enough, making management’s outlook for the second half of 2026 potentially the biggest driver of the share price.
On Deck Next Week
- = AGM, capital markets day or trading update (non-earnings)
| Date | Major UK | Major US | Major Europe |
|---|---|---|---|
| Mon 13 Jul | Grafton Group*, Oxford Nanopore*, PageGroup* | No major S&P 500 reports | No major Euro Stoxx 50 reports |
| Tue 14 Jul | Ashmore*, Hunting*, IntegraFin*, Robert Walters*, Watches of Switzerland*, Sosandar | JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, BlackRock, State Street, BNY Mellon, Fastenal | Ericsson |
| Wed 15 Jul | Rio Tinto*, Barratt Redrow*, Antofagasta* (production), ICG*, Galliford Try*, Ferrexpo* (production), Cohort | Goldman Sachs, Morgan Stanley, Johnson & Johnson, ASML (ADR) | ASML, Nordea Bank |
| Thu 16 Jul | Auto Trader*, Burberry*, Experian* | Netflix, Abbott Laboratories, TSMC (ADR), US Bancorp, M&T Bank, Novartis (ADR), GE Aerospace, UnitedHealth, Cintas, American Airlines | ABB, Novartis, Volvo, Nokia |
| Fri 17 Jul | No major FTSE reports scheduled | American Express, 3M, Charles Schwab, SLB | Sartorius |
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