Microsoft and Alphabet headline Wednesday’s reports, with investors weighing whether AI infrastructure spending is translating into durable cloud and advertising growth. m.
02 est. vs.
02 billion est. vs.
9% below its 52-week highAnalyst view: Buy consensus, $1,177 target (11 analysts)GE Vernova has beaten estimates in four of its past eight quarters, with the focus on whether power and electrification demand can sustain its backlog momentum despite the recent pullback in the stock. In Q2, it missed on EPS but beat revenue.
On its July call, management highlighted more than $176 billion in backlog, strong gas-turbine demand and robust orders from data-center customers. Susquehanna maintained its Positive rating while lowering its target to $1,270 from $1,300 on Oct.
m. 73 est.
vs. 48 billion est.
vs. 9% below its 52-week highAnalyst view: Buy consensus, $103 target (10 analysts)Amphenol has beaten estimates in all of its past eight quarters, leaving investors looking for another clean execution against strong demand across connectivity markets.
In Q2, it beat on both EPS and revenue. On its July call, management pointed to record sales and broad-based organic growth as it raised its outlook for the following quarter.
Evercore ISI Group maintained its Outperform rating while raising its target to $100 from $90 on Oct. m.
26 est. vs.
90 billion est. vs.
S. expansion central to the read-through.
In Q1, it missed on both EPS and revenue. On its February call, management announced the acquisition of Webster Financial and pointed to record annual profit, customer growth and a longer-term push to improve returns.
Jefferies downgraded the stock to Hold from Buy on Oct. m.
95 est. vs.
31 billion est. vs.
4% below its 52-week highUBS faces a tougher revenue comparison even as the market expects higher EPS, putting wealth-management inflows and the Credit Suisse integration at the center of the report. In Q2, it missed on EPS but beat revenue.
m. 77 est.
vs. 47 billion est.
vs. 5% below its 52-week highAnalyst view: Hold consensus, $280 target (9 analysts)Automatic Data Processing has beaten estimates in all of its past eight quarters, with the key question whether resilient payroll demand and product investments can support another period of margin-led execution.
In Q4, it beat on both EPS and revenue. On its July call, management emphasized AI embedded in its human-capital software, broader adoption of ADP Assist and international expansion through the Lyric platform.
Guggenheim maintained its Buy rating while raising its target to $340 from $300 on Oct. m.
72 est. vs.
72 billion est. vs.
9% below its 52-week highAnalyst view: Buy consensus, $612 target (25 analysts)Microsoft has beaten estimates in all of its past eight quarters, but this report will be judged on whether Azure demand and AI infrastructure investment are translating into durable returns at scale. In Q4, it beat on both EPS and revenue.
On its July call, management pointed to strong Microsoft Cloud and Azure growth, continued data-center expansion and efforts to optimize AI infrastructure, including in-house silicon. Oppenheimer maintained its Outperform rating while raising its target to $625 from $570 on Oct.
m. 99 est.
vs. 59 billion est.
vs. 8% below its 52-week highAnalyst view: Buy consensus, $427 target (24 analysts)Alphabet has beaten estimates in all of its past eight quarters, with investors focused on whether cloud acceleration and AI investment can offset rising infrastructure costs and defend the core search franchise.
In Q2, it beat on both EPS and revenue. On its July call, management highlighted strong growth in Google Cloud, continued expansion in Search and YouTube, and adoption of Gemini Enterprise across large corporate customers.
Citizens maintained its Market Outperform rating while lowering its target to $450 from $515 on Oct. m.
18 est. vs.
04 billion est. vs.
2% below its 52-week highAnalyst view: Buy consensus, $239 target (16 analysts)KLA has beaten estimates in all of its past eight quarters, with the report testing whether AI infrastructure and advanced-packaging demand can counter a sharply weaker stock setup. In Q4, it beat on both EPS and revenue.
On its July call, management cited record revenue, strength in leading-edge foundry and logic, and continued demand tied to AI infrastructure. Morgan Stanley maintained its Overweight rating while lowering its target to $227 from $253 on Oct.
m. 93 est.
vs. 09 billion est.
vs. 6% below its 52-week highAnalyst view: Buy consensus, $160 target (29 analysts)ServiceNow has beaten estimates in all of its past eight quarters, and the market will be looking for evidence that AI adoption is expanding subscription growth rather than merely adding to the product narrative.
In Q2, it beat on both EPS and revenue. On its July call, management highlighted subscription growth above guidance, margin outperformance and more than $1 billion in annual contract value tied to its AI initiatives.
Cantor Fitzgerald maintained its Overweight rating while raising its target to $201 from $174 on Oct. m.
90 est. vs.
17 billion est. vs.
0% below its 52-week highAnalyst view: Buy consensus, $226 target (12 analysts)T-Mobile US has beaten estimates in all of its past eight quarters, but the report comes after a sustained stock slide that raises the bar for subscriber growth, service revenue and network monetization. In Q2, it beat on EPS but missed revenue.
On its July call, management highlighted postpaid account additions, accelerating service revenue and a record Net Promoter Score while emphasizing network leadership and customer value. Raymond James upgraded the stock to Outperform from Market Perform on Oct.
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