Google and Tesla both announce earnings after markets close on 23 July Tesla’s deliveries fell for the second consecutive quarter Five other Magnificent Seven companies announce earnings next week. Nvidia announces at the end of August Netflix shares fell despite an earnings beat last week Semiconductor fab company TSMC announced 61% earnings increase on 17 July The MoneyWeek team is bringing you rolling previews and analysis, along with live coverage and reaction. Keep following for the latest. Alphabet earnings: the watch-outs Let’s take a closer look at the big tech earnings releases coming up this week, starting with Google’s parent company Alphabet. Market sentiment towards Alphabet has dimmed in recent months. It is the cheapest of all the Magnificent Seven companies relative to past and projected earnings, trading at 21.22 times trailing earnings and 20.46 times projected earnings – below the S&P 500’s average on both fronts. The fact that those two figures are so close to each other highlights part of the problem: analysts do not see Alphabet’s earnings growing significantly in the near future. Many fear that generative AI could cut into demand for Google’s core Search business. “New competition from language models like ChatGPT [is] a genuine threat,” says Matt Britzman, senior equity analyst at Hargreaves Lansdown. “Alphabet has a quality lineup of businesses, but its long-standing crown as the entry point to the internet is under pressure, and that’s put the valuation under strain.” There is also the possibility that regulators could force a breakup of Google’s business, with two antitrust cases having found that the company operates an illegal monopoly over internet search over the last year. “Calls for a forced Chrome divestment could challenge Alphabet’s search dominance, and that will keep some investors cautious until there’s more clarity,” said Josh Gilbert, market analyst at eToro. Google has said it will appeal the decisions, but with Search lying at the heart of Google, any updates will be closely monitored on Alphabet’s earnings call on Wednesday. 2025-07-22T11:53:05.424Z