Q2 2026 Earnings Season Kicks Off With High Expectations for AI, Semiconductors, and Financials
실적/어닝스 | Sun Jul 12 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 7 sources
Wall Street enters a near-record earnings season with TSMC, ASML, and JPMorgan reporting alongside expanded AI infrastructure investment outlook.
Analysis
[Wall Street] entered a near-record earnings season testing the bull market [1][2]
- Near-record earnings season expected
- Elevated stock market valuations
- Concerns over summer market volatility
[TSMC, ASML, Goldman Sachs, JPMorgan] opened the earnings season with major semiconductor and financial names [3]
- TSMC and ASML kicked off semiconductor earnings
- Financial earnings lineup includes Goldman Sachs and JPMorgan
- Bellwether for global market direction
[Nvidia] anticipated an earnings rebound driven by expanded AI infrastructure investment [7]
- 2026 stock price up only 11%
- underperforming
- Maintains 80-90% AI chip market share
- Hyperscaler capex projected to grow 77% to $725 billion
- Microsoft
- Amazon
- and Oracle contract backlog totals $2.1 trillion
[AppLovin] posted a revenue surge fueled by explosive growth in the mobile ad market [5]
- Q1 2026 revenue of $1.8 billion
- up 59% year-over-year
- Q1 net margin of 65%
- Q2 revenue guidance of approximately $1.9 billion
- P/S ratio of 28x indicates premium valuation
[Fastly] delivered modest revenue growth amid disappointing guidance [5]
- Q1 2026 revenue of $173 million
- up 20% year-over-year
- Net margin of -12%
- continuing losses
- 2026 annual revenue guidance of $710-725 million
- P/S ratio around 4x
[Home Depot, Lowe's] attempted an earnings recovery amid interest rate pressure and a housing market slowdown [6]
- Home Depot Q2 2026 revenue of $41.8 billion
- EBIT margin of 12%
- Lowe's Q2 2026 revenue of $23.1 billion
- gross margin of 33%
- Home Depot hit a 52-week low of $289.10 in May
- Home Depot P/S ratio of 2x
- Lowe's P/S ratio of 1.3x
[Neurocrine Biosciences] hit new highs on surging revenue and a strong pipeline [4]
- Stock hit all-time high
- Accelerating revenue growth
- Strong drug pipeline
Sources
- [1] Stocks Priced for ‘Sunshine and Rainbows’ Now Face Earnings Test - Bloomberg Markets
- [2] Prepare for a perilous summer in markets - Financial Times
- [3] TSMC, ASML Kick Off Semiconductor Earnings; Goldman Sachs, JPMorgan In Financial Parade - Yahoo Finance
- [4] Neurocrine Shares Hit Highs on Sales Spike, Strong Pipeline - Yahoo Finance
- [5] AppLovin vs. Fastly: A Look at Recent Revenue Trends for These Tech Companies - The Motley Fool
- [6] Home Depot vs. Lowe's: A Look at Recent Revenue Trends for These Home Improvement Giants - The Motley Fool
- [7] Artificial Intelligence (AI) Stocks Have Crushed the Broader Market in 2026. Here Are 2 Top Stocks to Buy Before They Soar Higher This Earnings Season and Beyond - The Motley Fool