Every quarter, public companies open their books. This week? Eight heavyweights step up – from robotaxis to beauty empires – and markets will be listening closely.

What Are Earnings Reports?

Think of them as a company's report card. Every three months, public companies reveal how much money they made (revenue), how much profit they kept (earnings per share, or EPS), and what they expect next. When results surprise Wall Street – up or down – stock prices can move fast.

Wednesday, April 22: The Heavy Hitters

• Tesla (after market close, earnings call at 5:30 PM ET) is the one everyone’s watching. Analysts expect $0.37 profit per share on $22.7 billion in sales – but Tesla delivered only 358,023 cars, missing the ~369,000 Wall Street expected. The bigger story? Tesla is pouring over $20 billion into AI infrastructure and robotaxi technology. With a $1.5 trillion valuation, investors are betting on the future, not just the cars. Expect the sharpest questions around Terafab – a massive AI computing facility whose costs sit on top of that figure – and whether seven promised new robotaxi cities are still on track.

• IBM (after market close, earnings call at 5:00 PM ET) has quietly been on a hot streak, beating profit expectations four quarters running. Analysts expect $1.81 EPS on $15.6 billion revenue, powered by demand for AI tools, hybrid cloud, and cybersecurity.

• Boeing (before market open, earnings call at 10:30 AM ET) lands with turbulence baked in. Expect a loss of $0.63 per share on $22.1 billion revenue. A quality problem on the 737 line affected about 25 planes, and CFO Jay Malave already warned deliveries may undershoot guidance. Recovery story? Yes – but patience is the price of admission.

• L’Oréal, the world’s largest beauty company, reports its quarterly sales during European trading hours. Last half-year saw 5% growth overall, with professional products and skincare surging 9%. The big question: can that momentum hold while China’s economy wobbles?

Thursday, April 23: The Comeback Stories

• Intel (after market close, earnings call at 5:00 PM ET) is trying to prove its turnaround is real. Profit expectations are tiny – just $0.01 per share – but the signal matters more than the number. Server chip demand is sold out through 2026, and Intel’s next-gen manufacturing process (called 18A) could be a game-changer if quality improves.

• American Express (before market open, earnings call at 8:30 AM ET) arrives with premium-customer tailwinds. Analysts forecast $3.97 EPS on $18.6 billion revenue. Full-year guidance calls for 9–10% revenue growth – the question is whether wealthy cardholders keep spending if the economy softens.

• SAP, Europe’s biggest software company, reports after European market close at 11:00 PM CEST with its stock down ~30% this year. Analysts expect €1.64 EPS and €9.56 billion revenue. The number to watch: the cloud backlog – €21 billion in future contracts – plus early results from its AI assistant Joule.

Friday, April 24: The Reliable One

• Procter & Gamble (before market open) – the company behind Tide, Pampers, and Gillette – wraps up the week. Expect $1.56 EPS and ~3.2% sales growth. P&G has beaten expectations four straight quarters. In a week of tech and industrial drama, this report answers a simple question: are everyday consumers still spending?

Why it all matters: Earnings season is just getting started – and this week sets the tone. From AI mega-bets to everyday consumer spending, these eight reports offer a real-time health check on the forces shaping markets right now. And don’t put your guard down: next week brings another wave of heavyweights. Whether you’re a seasoned investor or just getting curious, the season is only warming up.