IBM and Alphabet beat Q2 estimates on July 22 as Amazon eyes July 30 earnings
IBM and Alphabet posted Q2 results above revenue expectations, with IBM also beating adjusted EPS estimates and shares reacting positively. The news supports near-term sentiment toward large-cap tech earnings resilience, while Amazon's upcoming Q2 report becomes the next catalyst after a modest pullback in its stock. Overall, the focus is on earnings dispersion and sector positioning rather than a broad macro shift.
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IBM and Alphabet reported second-quarter results after the close on July 22, with IBM posting revenue of $17.16 billion and adjusted EPS of $2.93, both above expectations. Alphabet reported revenue of approximately $119.80 billion and said earnings rose 294% year over year. Shares of IBM and Alphabet finished the session up 3.7% and 0.7%, respectively. Amazon is scheduled to report Q2 results after the close on Thursday, July 30, after the stock slipped 0.7%.