$IBM International Business Machines reports full Q2 2026 results Wednesday after the close. The report follows last week's pre-announcement of preliminary results that fell short of Wall Street expectations. IBM shares suffered their steepest one-day decline in years on the pre-announcement, and management will now face investor questions about client capex shifts to hardware.

AI Quarterly Earnings | Implied Volatility AI earnings season is accelerating - TEL already beat this morning, and we have five more prints landing by tomorrow night. @KobeissiLetter mapped the week + we priced it below👇 𝗧𝗢𝗗𝗔𝗬 ○ $TEL | Earnings Beat · $5.16B revenue vs. $5.01B est · $2.94 adj EPS vs. $2.85 est · Orders $5.7B, up 27% Y/Y - growing twice as fast as sales · Q4 guidance above revenue and EPS. The AI read-through delivered: Industrial data-center connector business grew 21.9%. ○ $TXN | AH Close · Options price a ±9.3% move · Analysts forecast $5.24B revenue / $1.95 EPS · 23 revenue estimate hikes in three months. ○ $SKHY | First Q2 report as US listing · Options price a ±10.4% move · Analysts forecast ~$52B revenue, up ~260% · HBM revenue seen at $6.1B, up 32% - the "slow" segment. The entire print is one question: HBM4 timing, after mass production slipped to Q3. We get numbers land now and the call on July 29th. 𝗧𝗢𝗠𝗢𝗥𝗥𝗢𝗪 ○ $STM | Pre-market (EU) · Options price a ±12.5% move · Analysts forecast $3.45B revenue / $0.26 EPS, up ~25% · Gross margin projected ~34.8% — the number that decides the day. ○ $INTC | AH Close · Options price a ±12.8% move · Analysts forecast $14.4B revenue / $0.22 EPS · 18A yields reportedly ~85%, up from 65% last quarter. 𝗧𝗢𝗡𝗜𝗚𝗛𝗧 ○ $GOOGL | AH Close · Kicks off hyperscaler capex season · Options price a ±6.1% move · Analysts forecast ~$118B revenue / ~$2.89 EPS · FY26 capex guide sits at $180–190B; Cloud grew 63% last quarter on a record $462B backlog. The supply chain has spent two weeks telling us the orders are real. Tonight, Google starts telling us who pays for them.

Latest News: AT&T Q2 wireless postpaid phone net adds beat estimates: +432K vs. +325K expected. $T

Capital One beats expectations as credit costs decline sharply in Q2 💳 Capital One reported Q2 2026 net income of $3.0 billion, equivalent to GAAP EPS of $4.73. Adjusted EPS reached $5.81, above the $4.80 estimate, while net revenue rose about 4% from the previous quarter to nearly $15.9 billion. 📉 The largest contribution came from the provision for credit losses, which declined by $1.1 billion from Q1. The company also released $662 million in loan reserves, providing a significant boost to quarterly earnings. 🏦 Net interest margin increased to 8.01%, while management said the integration of Discover remains on track after 14 months. The figures suggest that core operations and consumer credit quality are becoming more stable compared with previous quarters. ⚠️ However, the reserve release may not be repeated. The outlook for upcoming quarters will continue to depend on delinquencies, charge-off rates, the US labor market and remaining integration costs. #CapitalOne

Earnings calendar July 22 2026 A major day for corporate earnings with several global blue chips across technology, industrials, and energy set to report. $GOOG headlines after hours with a consensus EPS of 2.87, offering a key look at digital advertising and cloud trends. $TSLA follows, expected to post 0.31 EPS, with investors watching for updates on production and margins. $IBM and $NOW also report after hours with 2.97 and 0.40 EPS forecasts, providing data points on enterprise software and AI infrastructure spending. $TXN rounds out the post‑market group at 1.91 EPS, crucial for the semiconductor outlook. Pre‑market reports include $GEV with a 3.16 EPS estimate, reflecting industrial and clean energy demand, $PM with 2.04 EPS for insight on global consumer trends, $T with 0.59 EPS highlighting telecom performance, and $EQNR expected at 1.38 EPS driven by energy sector volatility. Overall, July 22 marks a pivotal session as earnings from leading technology, manufacturing, and energy companies offer direction for market sentiment in late July.

@Google reports Q2 earnings today. Wall Street scrutinizes AI spending, @Gemini, Cloud. Analysts forecast $116.8B revenue, $3.04 EPS.