What is the most important earnings event next week?

Alphabet (GOOGL) on Wednesday April 29 AMC. Cloud AI revenue growth rate and TPU/Gemini commentary will set the tone for the entire AI/cloud sector. After Intel and AMD's strong beats, GOOGL is the next validation point for AI infrastructure spending.

When does Microsoft report?

Microsoft (MSFT) reports Wednesday April 30 AMC. Azure AI growth rate is the most-watched single metric. Last quarter Azure grew 33% — the market wants 35%+ to sustain current valuations.

What should I watch in Verizon's earnings Monday?

Verizon (VZ) reports Monday April 27 BMO. Key metrics: net postpaid phone adds (consensus ~100K), fixed wireless (FWA) subscriber additions, and whether FWA growth is coming at the expense of cable operators like Charter (CHTR -25% Friday). Also watch 5G capex guidance given rising bond yields.

Is Meta still a buy going into earnings?

Meta (META) reports Thursday April 30. The company has been on a roll — Reality Labs losses narrowing, advertising revenue strong, AI Llama integration showing results. Key watch: Q2 revenue guidance and any update on AI capex spending plans. The bar is high after a strong run.

Earnings Preview — Week of April 27, 2026

Published Friday April 25, 2026 · Ray @ The Menon Lab

Macro Backdrop Going In

Before previewing individual names, context matters:

Semis ripped Friday — INTC +23.6%, AMD +13.9% set a bullish tone for tech earnings
VIX at 18.71 — fear subdued, supportive of equity risk-taking
Brent at $99.78 — hovering near $100 after Hormuz US blockade escalation
10Y at 4.31% — modestly elevated but not spiking; equities can tolerate this
Hormuz ongoing — US-led blockade disrupting shipping; energy complex watch for all week

The bar is high going into the mega-cap tech reports. Intel and AMD raised expectations significantly. Any miss on AI revenue from GOOGL or MSFT would be a meaningful disappointment.

MONDAY, APRIL 27

Verizon (VZ) — BMO · EPS Est: $1.21 · Mkt Cap: $197B

What to watch:

Net postpaid phone adds — consensus ~100K; T-Mobile has been taking share
Fixed wireless access (FWA) subscriber adds — this is the CHTR read-through. The more VZ grows FWA, the worse it is for cable operators
5G capex guidance — rising yields make expensive network buildout more painful
ARPU trends — any pricing power signs in a competitive mobile market

Setup: VZ is a yield play ($0.665/quarter dividend, ~4.8% yield). Stock has been range-bound. Earnings won’t cause a 20% move — but the FWA numbers matter for the whole cable/telecom complex.

Other Monday Reporters

Symbol	Company	Time	EPS Est	Notes
CDNS	Cadence Design Systems	AMC	$1.89	EDA/AI chip design — INTC/AMD beneficiary
NUE	Nucor Corp	AMC	$2.79	Steel sector health — tariff beneficiary?
PSA	Public Storage	AMC	$2.42	REIT sector bellwether
CLS	Celestica	AMC	$2.08	AI server infrastructure — hot name
DPZ	Domino’s Pizza	BMO	$4.27	Consumer spend health check

CDNS flag: Cadence is an EDA (electronic design automation) company — its tools are used to design the chips that INTC, AMD, and NVDA build. Strong INTC/AMD results are direct revenue signal for CDNS. Watch for raised guidance.

CLS flag: Celestica builds AI server infrastructure for hyperscalers. After Friday’s AI rally, expectations will be elevated. Any shortfall = sell-off.

TUESDAY, APRIL 28

Symbol	Company	Time	EPS Est	Notes
KO	Coca-Cola	BMO	$0.73	Staples bellwether — tariff/FX impact
GLW	Corning	BMO	—	Display + fiber optics — AI infrastructure angle
HOOD	Robinhood	AMC	—	Retail trading activity post-tariff volatility
MDLZ	Mondelez	BMO	—	Consumer staples — commodity cost watch

KO: Revenue guidance will reference tariff/FX headwinds. Like PG, expect a “cautious beat” narrative. The market will be watching for any demand destruction signal.

HOOD: Robinhood benefits from volatility — Q1 had plenty of it. Options trading revenue is the key line. Could be a positive surprise given how much retail traded through the tariff/Hormuz volatility.

WEDNESDAY, APRIL 29 ⭐

Alphabet/GOOGL — AMC · EPS Est: ~$2.10 · Mkt Cap: ~$2T

The most important report of the week.

After Intel and AMD confirmed AI infrastructure demand is healthy, GOOGL is the demand side validation:

Key metrics to watch:

Google Cloud revenue growth — consensus ~29% YoY; anything above 32% = strong positive
TPU/Gemini commentary — Google’s own AI chip development vs. NVDA dependency
YouTube advertising — Q1 had strong brand spend recovery from tariff-nervous advertisers?
Search revenue — AI overviews impact on search monetization is the existential question
Capex guidance — how much is GOOGL spending on AI infrastructure in 2026?

StockScout context: VST 1.53 (underlying BUY) but earnings proximity penalty kept it at HOLD. Post-earnings, if cloud growth impresses, re-evaluate for full BUY signal.

Setup risk: GOOGL is up significantly from its lows. The bar is high. A “fine” quarter may not be enough — the market wants evidence that AI is revenue-generative, not just cost-additive.

THURSDAY, APRIL 30

Meta Platforms — AMC

What to watch:

Ad revenue growth — Q1 had macro uncertainty; did advertisers pull back or lean in?
AI Llama monetization — any update on API revenue or enterprise adoption
Reality Labs losses — market wants continued narrowing; no blowout
Q2 guidance — the most important forward-looking data point

Setup: Meta has run hard. Expectations are elevated. The risk is a “good not great” reaction.

Microsoft (MSFT) — AMC · Mkt Cap: ~$3T

The second most important report of the week.

Azure AI growth rate — last quarter 33%; consensus wants 35%+
Copilot monetization — enterprise seat adoption data
Gaming/LinkedIn/Search — secondary but watched
Capex — is MSFT still spending at peak AI infrastructure rates?

FRIDAY, MAY 1

Apple (AAPL) — AMC

iPhone revenue — Q2 (calendar Q1) demand — did tariffs hurt?
India manufacturing ramp — supply chain diversification progress
Services growth — the high-margin engine; consensus ~15% YoY
AI iPhone adoption — Apple Intelligence feature usage data

Amazon (AMZN) — AMC · EPS Est: ~$1.37

AWS growth rate — competing directly with Azure AI; consensus ~20% YoY
Advertising revenue — high-margin, growing fast
Operating margins — cost discipline story
Tariff impact on retail — Q1 pull-forward demand vs. Q2 slowdown?

StockScout: AMZN VST 1.28 (HOLD); earnings proximity May 1 is the key constraint. Post-beat, re-evaluate.

WEEK SUMMARY: RISK MATRIX

Event	Risk Level	Why
GOOGL Apr 29	🔴 HIGH	Crowded long; bar raised by INTC/AMD
MSFT Apr 30	🟡 MEDIUM	Azure has been reliable; execution risk lower
META Apr 30	🟡 MEDIUM	Ad market uncertain; run-up creates sell-risk
AAPL May 1	🟡 MEDIUM	Tariff/India narrative — binary outcome
AMZN May 1	🟡 MEDIUM	AWS vs Azure battle; retail tariff headwind
VZ Apr 27	🟢 LOW	Range-bound; FWA data is the swing factor

MACRO EVENTS THIS WEEK

Event	Date	Time (ET)	Prior
U Mich Sentiment	Apr 25	10:00 AM	47.6
Fed Funds Rate Decision	Apr 29	2:00 PM	3.62%
PCE Price Index YoY	Apr 30	8:30 AM	2.8%

Fed on April 29: No rate change expected (>99% probability). But the statement language matters — any dovish pivot hint would be rocket fuel for equities going into GOOGL/MSFT that same evening. Hawkish surprise = headwind for high-multiple tech.

PCE on April 30: If >3.0%, the “no cuts this year” narrative gets priced more aggressively. That’s a headwind for mega-cap tech on the same day META and MSFT report.

The week of April 27 is the single most important week of Q1 2026 earnings season. Position accordingly.

Sources: Yahoo Finance earnings calendar, StockScout VST signals · Ray @ The Menon Lab · signals.themenonlab.com