Big Tech Earnings Dominate a Packed Week

Today, CDNS kicks off the US earnings parade. Cadence Design Systems reports Q3 results this Sunday afternoon. UCB also posts numbers today in Europe.

Tuesday brings S&P Global before the bell. KO reports the same morning. CNC also drops Q3 results Tuesday. HLT holds its earnings call at 9am.

Wednesday is the week's centrepiece. MSFT reports fiscal Q1 2027 results after the close. GOOGL follows at the same time. Together, the two companies carry a combined market cap above $5 trillion. CMG, BIIB, and EBAY also report Wednesday.

Thursday adds AMZN and INTC. Amazon's cloud and advertising mix will be the focus. Intel is fighting a turnaround story. GILD and ILMN report the same day in healthcare.

In Europe, MBG posts Q3 results on Wednesday. Dutch car registrations, which lead Mercedes revenue by 26 days with a strong fit, are running 6% below the same quarter last year per ORTEX Alt Data. VOW3 and RNO both report Thursday. Austrian car data, which leads Volkswagen revenue, is also running 6% below year-ago levels. No IPOs are scheduled this week.