Week ahead: Four of the 'Magnificent Seven' slated to report earnings

23rd Jan 2026 09:13

(Sharecast News) - Next week will be a big one for US earnings, with four of the 'Magnificent Seven' tech giants due to release quarterly numbers.

Meta, Tesla and Microsoft's earnings are due on Wednesday, while Apple's Q1 results will be out on Thursday.

As far as Meta's Q4 numbers concerned, Matt Britzman, senior equity analyst at Hargreaves Lansdown, noted the company has come under pressure lately as investors question the scale and pace of its AI investment plans.

"Spending growth is set to outstrip even the most aggressive tech peers, yet there's still limited visibility on what Mark Zuckerberg's new 'frontier AI lab' will ultimately deliver," he said. "That uncertainty has weighed on sentiment, but it also creates an opportunity. Meta's core ad business is powering ahead, and our modelling suggests fourth‑quarter revenue could top the $58 billion consensus.

"The company is assembling one of the largest AI compute clusters outside the cloud giants, all aimed at strengthening its family of apps. There's a growing narrative that Meta's AI push is simply Metaverse 2.0, but not everyone sees it that way. Meta's models are largely open‑source, internally focused, and designed to enhance engagement and advertiser performance rather than chase benchmark‑beating results. Crucially, the benefits are already starting to show through the Meta ecosystem."

Briztman said Elon Musk's Tesla is expected to post a small year‑on‑year revenue decline in the fourth quarter following softer delivery numbers.

"Strong growth in the Energy Storage segment helps, but it isn't enough to offset weaker vehicle sales driven by the loss of US tax credits," he said.

"The new 'affordable' Model 3 and Y trims haven't bridged that gap, and China remains fiercely competitive despite Tesla's enduring brand pull. That all points toward a steeper drop in profits as lower volumes collide with heavy investment in the next‑generation product roadmap."

Sticking with the US, the Federal Reserve will make its latest policy announcement on Wednesday.

TD Securities expects the FOMC to keep rates on hold at 3.50%-3.75%. with risk management cuts now over and policy closer to neutral.

"Recent data, especially the decline in the UE rate, support the FOMC adopting a cautious approach to policy changes in the near term," it said. "There is now a higher burden on the data to justify further easing. While Powell is likely to sound noncommittal around near term rate cuts, we expect him to remind market participants that the median Fed official still looks for easing this year."

On the UK corporate front, trading updates are due from Cranswick, Dr Martens, Sage Group and Paragon Banking on Tuesday.

Wednesday sees the release of a production report from precious metals miner Fresnillo and a trading update from Pets at Home.

On Thursday, results from housebuilder Crest Nicholson, easyJet and Lloyds will be among the highlights, along with a production report from Glencore.

Monday January 26

INTERIM DIVIDEND PAYMENT DATE

Autotrader Group , Tavistock Investments

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Durable Goods Orders (US) (13:30)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

New Homes Sales (US) (15:00)

IMSS

Lloyds Banking Group

AGMS

Oxford Biodynamics

TRADING ANNOUNCEMENTS

Costain Group, Elementis, Paragon Banking Group

Tuesday January 27

INTERIMS

Time Finance

INTERIM DIVIDEND PAYMENT DATE

Octopus AIM VCT

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

GMS

Reckitt Benckiser Group, Taylor Maritime Limited NPV

FINALS

SThree, Velocity Composites

AGMS

Ovoca Bio (CDI)

TRADING ANNOUNCEMENTS

Cranswick, Dr. Martens , Evoke (DI), Mitie Group, The Sage Group

Wednesday January 28

INTERIMS

Hargreaves Services

INTERIM DIVIDEND PAYMENT DATE

Currys , Vianet Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

GFK Consumer Confidence (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

AGMS

Corcel, Imperial Brands , Kazera Global, Lowland Investment Co, Scottish Oriental Smaller Companies Trust, Tap Global Group

TRADING ANNOUNCEMENTS

Computacenter, Oakley Capital Investments Limited (DI), PayPoint, Pets at Home Group , PPHE Hotel Group Ltd

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

Thursday January 29

INTERIMS

ITM Power, Rank Group, Scancell Holdings

INTERIM DIVIDEND PAYMENT DATE

The Global Smaller Companies Trust

INTERIM EX-DIVIDEND DATE

B.P. Marsh & Partners, Elixirr International , The European Smaller Companies Trust

QUARTERLY EX-DIVIDEND DATE

JPMorgan India Growth & Income, Primary Health Properties, Supermarket Income Reit, Tufton Assets Limited Npv

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (09:00)

Consumer Confidence (EU) (09:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (09:00)

Industrial Confidence (EU) (09:00)

Initial Jobless Claims (US) (13:30)

M3 Money Supply (EU) (09:00)

Services Sentiment (EU) (09:00)

Services Sentiment (EU) (10:00)

Q3

Wizz Air Holdings

FINALS

Hilton Food Group, Lloyds Banking Group, Patria Private Equity Trust

SPECIAL EX-DIVIDEND DATE

Reckitt Benckiser Group

AGMS

Adalan Ventures , Botswana Diamonds, Greencore Group (CDI), Hollywood Bowl Group, Jarvis Securities, Orcadian Energy, Renew Holdings, Schroder Asia Pacific Fund, Smiths News

TRADING ANNOUNCEMENTS

Alfa Financial Software Holdings , Alfa Financial Software Holdings , Alfa Financial Software Holdings , Greencore Group (CDI)

FINAL EX-DIVIDEND DATE

Gooch & Housego, Hollywood Bowl Group, Schroder UK Mid Cap Fund, SSP Group , Tracsis, Victrex plc

Q1

easyJet

Friday January 30

INTERIM DIVIDEND PAYMENT DATE

Ecora Royalties , Facilities by ADF, Foresight Group Holdings Limited NPV, NewRiver REIT, ProVen Growth & Income VCT, ProVen VCT, SSE, Templeton Emerging Markets Inv Trust

QUARTERLY PAYMENT DATE

CT Private Equity Trust, Value and Indexed Property Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

GDP (Preliminary) (EU) (10:00)

Import Price Index (GER) (07:00)

Retail Sales (GER) (07:00)

Unemployment Rate (GER) (08:55)

Q3

Airtel Africa

GMS

Caspian Sunrise , Metals one

AGMS

Avon Technologies , Essensys

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

Nationwide House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

AB Dynamics, BP 8% Cum 1st Prf, BP 9% 2nd Prf, Cardiff Property, Diploma, DotDigital Group, Lowland Investment Co, NewRiver REIT, S and U 31.5% Prf. Cum. Prf 12.5P, Smart (J) & Co., The Character Group, Topps Tiles, Ultimate Products

Q1

Airtel Africa