Q3 25 ‘Magnificent Seven’ Earnings Preview: By The Numbers

Tesla (TSLA, 22nd October, 9:05pm BST/4:05pm ET)

Tesla kick-off Mag 7 reporting season, with the stock having traded in lacklustre fashion for much of the year, sitting just 8% higher YTD coming into the upcoming print, though better-than-expected Q3 delivery figures have provided a boost in recent weeks. From an index perspective, TSLA stands as the 8th largest stock in both the S&P 500 and the Nasdaq 100, with weights of 2.4% and 4.4% respectively. For the upcoming report, options on TSLA stock price a chunky move of +/-7.1% in the 24 hours following the release, with the stock having 3 gains and 1 loss in the aftermath of the last four quarterly updates. This time out, consensus expects adj. EPS at $0.50, on revenues of $25.3bln.

Amazon (AMZN, 28th October, 8pm BST/4pm ET) – estimated date, not yet confirmed by AMZN IR

AMZN trades as near as makes no difference flat YTD, vastly underperforming its Mag 7 peers, and the broader S&P 500, which has advanced about 13% since the turn of the year. Nevertheless, Bezos’ firm remains an index heavyweight, accounting for around 4% of the S&P 500, and 7% of the Nasdaq 100, while also being a Dow constituent. AMZN derivatives price a move of +/-6.4% over the upcoming print, though the stock has lost ground following the last three straight quarterly updates, despite having beaten consensus EPS expectations in every quarter since Q4 22. For the Q3 25 report, expectations point to EPS at $1.57, or $1.55 ex-Rivian, on quarterly revenues of $177.7bln.

Microsoft (MSFT, 29th October, 8pm BST/4pm ET)

Microsoft has put in a solid performance so far this year, rallying around 20%, outperforming the S&P 500 and the Information Technology sector, even if the stock has given back some gains since the summer. Still, MSFT remains the 2nd largest stock by weight in both the S&P 500 and the Nasdaq 100, making up a colossal 11.8% of the latter; the firm is also the 2nd largest constituent in the Dow. Options on the stock imply a move of +/-4.6% in the 24 hours following the upcoming report, with MSFT having ended the day in the green following the last two quarterly updates. For the upcoming report, the street expects adjusted EPS at $3.68, on revenues of $75.4bln.

Alphabet (GOOG/L, 29th October, 8:05pm BST/4pm ET)

Alphabet has been the second best performer in the group this year, being outdone only by Nvidia, having notched a solid gain of 28% YTD, easily outperforming that chalked up by the benchmark S&P 500. When both share classes are combined, the company occupies a weight of 4.9% in the S&P, and an even chunkier 9.1% weighting in the tech-heavy Nasdaq 100. GOOG/L derivatives imply a move of +/-6.1% in the stock following the upcoming report, with three of the last four quarterly updates having resulted in an after-hours rally. Consensus, for the upcoming report,, foresees diluted EPS at $2.30, on quarterly revenues of $99.7bln.

Meta Platforms (META, 29th October, 8:15pm BST/4:15pm ET)

Meta has advanced by just over 22% in 2025, matching the performance of the Communication Services sector, albeit vastly outperforming the benchmark S&P 500. From a weightings perspective, META remains the 5th largest stock in both the S&P 500, and Nasdaq 100, with weights of 2.9% and 5.5% respectively. Options on the stock point to a move of +/-7.5% in the day following the upcoming report, with the stock having gained ground following the last three earnings releases in a row. For Q3 25, consensus points to EPS at $6.73, on quarterly revenues of $49.5bln.

Apple (AAPL, 30th October, 8:30pm BST/4:30pm ET)

Apple, despite the well-received iPhone 17 launch, remain plagued by a lack of progress on the AI front, helping to explain why the stock trades flat on a YTD basis, having been sat in the red for most of the year so far. That said, the firm is still the third largest stock by weight in both the S&P and Nasdaq 100, while also being a Dow constituent. AAPL options imply, to 1 standard deviation of confidence, a relatively modest move of +/-3.8% in the 24 hours following the upcoming report, though the name has ended earnings day in the red following the last four reports in a row. For the upcoming release, consensus expects diluted EPS at $1.76, on revenues of $101.7bln.

Nvidia (NVDA, 19th November, 9:20pm BST/4:20pm ET)

Nvidia, as is typical, are the last of the Mag 7 names to report, and in equally as typical fashion are the best performer of the bunch this year, having rallied a chunky 40% since 2025 got underway. This rally has seen NVDA cement its place as the largest stock in both the S&P 500, with a 7.5% weight, and in the Nasdaq 100, where the name has a monstrous 14% weight. The name is also a Dow constituent. Options on the stock point to a move of +/-6.2% in the 24 hours following the upcoming release, with recent post-earnings performance having been somewhat patchy, with 2 gains and 2 losses following the last 4 updates, despite the name having missed consensus EPS expectations just once since Q1 20. For fiscal Q3 26, adjusted EPS is expected at $1.24, on quarterly revenues of $54.7bln.

Note – all figures in this article are correct as of 14th October 2025; past performance is not a reliable indicator of future results