Alphabet, Tesla to Report Second-Quarter Results as AI Spending, Growth Plans Draw Focus
Summary
- The market expects Alphabet to post second-quarter revenue of $116.8 billion and EPS of $2.87.
- Alphabet's capital spending for artificial intelligence infrastructure, the commercial progress of Gemini, Google Cloud growth and whether AI investment is generating returns are seen as key drivers of the stock.
- Tesla's expected second-quarter revenue is $25.31 billion and EPS is $0.50, while vehicle deliveries, robotaxis, energy storage systems (ESS) and Full Self-Driving (FSD) business plans are the main points to watch.
Forecast Trend Report by Period
Alphabet, Google's parent company, and Tesla are due to report second-quarter results on July 22.
According to BlockBeats and other outlets, both companies plan to release earnings after the close of U.S. trading.
Market estimates put Alphabet's second-quarter revenue at about $116.8 billion, with earnings per share of $2.87.
Key points for investors include capital expenditures for artificial intelligence infrastructure and the commercial progress of Gemini, the company's large language model. The market is also watching whether Google Cloud can sustain its growth and whether Alphabet's AI spending is generating returns, factors seen as critical to the stock's direction.
Tesla's second-quarter revenue is forecast at about $25.31 billion, with earnings per share expected at $0.50.
Tesla previously said second-quarter vehicle deliveries reached 481,000, topping market expectations. Investors are now focused on whether the increase in deliveries translated into actual revenue growth.
Tesla's business plans tied to longer-term growth drivers, including robotaxis, energy storage systems and Full Self-Driving, are also among the main issues to watch in the earnings report.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul