With more than $10 trillion in combined market cap and a volatile start to the year, there’s a lot riding on big tech earnings this week.
Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) will kick things off after the bell on Wednesday, with Apple (AAPL) the following day, after-hours on Thursday.
These quarterly results will set the tone for the entire tech sector and, probably, the whole market. These four giants represent more than 17% of the S&P 500’s $58.5 trillion market cap.
With the S&P 500 near record highs and volatility primed to rise post-options expiration, these four titans will be under the microscope next week. Here’s what to watch for from each company:
Microsoft (MSFT) $465.95
(Reports after the bell Wednesday, 28 January)
| Projected EPS | Growth YoY | Projected Revenue | Growth YoY |
| $3.92 | +21% | $80.28bn | +15% |
Source: Koyfin
Investors will scrutinise Azure cloud growth, the impact of AI integrations (notably Copilot and OpenAI), and the company’s ability to manage capacity constraints and rising capital expenditures. Revenue is forecast at $80.23 billion for the quarter, and analysts want to see continued margin strength and evidence that Microsoft’s heavy AI investments are fuelling tangible growth.
Microsoft enters earnings with the stock at $465.95, well off the 52-week high of $542.07 and -6.8% year-to-date in 2026. Analysts remain bullish, however, with a mean target of $617.86 (implying +33% upside) and a high target of $730.00.
Meta Platforms(META) $658.76
(Reports after the bell Wednesday, 28 January)
| Projected EPS | Growth YoY | Projected Revenue | Growth YoY |
| $8.19 | +2.1% | $58.41bn | +21% |
Source: Koyfin
Key areas to monitor include advertising revenue trends, daily active users across its family of apps, and escalating AI-related costs that could pressure margins, alongside losses from Reality Labs. Investors will also focus on potential updates on capital expenditures amid ongoing worries over spending priorities.
Meta is trading at $658.76, or -1.9% in 2026 so far, after a muted run-up in late 2025. Analyst targets are lofty, with the mean pitched at $831.93 (+27% upside), with a high of $1,117.
Tesla (TSLA) $449.06
(Reports after the bell Wednesday, 28 January)
| Projected EPS | Growth YoY | Projected Revenue | Growth YoY |
| $0.45 | -38% | $24.75bn | -3.7% |
Source: Koyfin
Critical metrics for investors to track include automotive gross margins, which have compressed amid pricing pressures and rising material costs. Energy storage deployments, which hit a record 14.2 GWh, and progress on full self-driving software adoption, as well as robotaxi timelines will all be closely watch too.
Year-to-date, Tesla’s shares are just about flat at $449.06, holding steady despite market headwinds but facing a wide analyst split, with a mean target of $411.40. Bulls may have target highs of $600 but that enthusiasm could be sharply tempered if the bear views plays out, with stock price lows pitched way down at $130.
That there are more analyst hold calls on the stock than either buys or sells probably tells us that Wall Street is as baffled by Tesla as ordinary investors.
Apple (AAPL) $248.04
(Reports after the bell Thursday, 29 January)
| Projected EPS | Growth YoY | Projected Revenue | Growth YoY |
| $2.68 | +12% | $138.47bn | +11% |
Source: Koyfin
Revenue is forecast to hit around $137.5 billion for the quarter, and the market will zero in on iPhone demand (especially in China), Services segment margins, and AI integration plans. Can it overcome claims of iPhone dependence, sluggish growth in core markets, and questions over AI competitiveness? Its recent tie-up with Google’s Gemini is a good start, but not enough.
Apple, at $248.04 and down -8.8% year-to-date, is under pressure to prove it can reignite growth. Current market forecasts imply mid-single-digit revenue growth and barely 10% EPS for the foreseeable future, making a PE of 30 look tough to sustain. Analyst price targets are ambitious, with the mean is $287.22 (+16% upside), with a high of $350.00. For now, it has the backing of analysts, will it be able to say the same about investors?
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