The earnings season is picking up speed in Europe as well
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The earnings season is coming to an end
The second-quarter earnings season in the US is slowly drawing to a close: Cisco Systems will release its latest figures this week, followed by Home Depot, Deere, and Walmart, which will all publish their earnings reports during the week beginning August 17, and Nvidia’s report is due on August 26. Among European companies, E.ON and RWE, among others, will report this week, while among Hungarian companies, AutoWallis will publish its latest figures on August 25.
Gen Digital: Stable Results and Stronger Forecasts
Gen Digital’s earnings report once again delivered results that exceeded expectations, while management raised its full-year forecast for the fourth consecutive quarter, further reinforcing confidence in the company’s growth trajectory. Given the stock’s low valuation, it is particularly encouraging that the company continues to achieve stable growth even after the base effect of the MoneyLion acquisition has run its course. In addition, products based on artificial intelligence are showing increasing user activity, suggesting that, in the long term, AI supports rather than threatens the company’s business model, although intensifying competition in the cybersecurity market continues to require ongoing development expenditures. Gen Digital shares remain on our Equity Top pick List.
Next week, the second quarter earnings season will continue in full swing: In the US, market participants will likely focus primarily on the latest figures from major technology companies, while in Europe, several banks and several automaker companies will also report. As for Hungarian blue-chip companies, Magyar Telekom and OTP will publish their second quarter earnings on August 5, followed by Mol and Richter on August 7.
As of noon on Friday, 26% of the companies in the S&P 500 had already reported their latest results; in terms of revenue, these companies reported results that were, on average, 3.3% above expectations; 72.4% of the companies that have already released their earnings reports delivered a positive surprise, while 12.6% delivered a negative surprise. In terms of EPS, companies that have published their earnings reports so far reported results that were, on average, 43.2% above expectations; 87.4% of the companies that have reported so far delivered a positive surprise, while 10.2% delivered a negative surprise.
Of the companies in the Stoxx 600 index, 25.6% have reported so far; In terms of revenue, these companies reported results that were, on average, 0.7% above expectations; among the companies that have published their earnings reports so far, 58.1% delivered a positive surprise, while 16.3% delivered a negative surprise. In terms of EPS, companies that have published their earnings reports so far reported results that were, on average, 0.5% below expectations; 49.5% of the companies that have reported so far delivered a positive surprise, while 43.9% delivered a negative surprise.
During the week of July 27, companies from the US—including Boeing, Coca-Cola, Ford, Microsoft, Meta, Amazon, and Apple—will release their earnings reports. Meanwhile, in Europe, Mercedes-Benz, Porsche, Adidas, and Ferrari, among others, will publish their latest figures. Among Hungarian blue-chip companies, Magyar Telekom and OTP will release their second quarter earnings reports on August 5, followed by Mol and Richter on August 7.
Second quarter earnings dates – 2026.07.27. – 07.31.
Second quarter earnings dates - 2026.08.03. – 08.07.
S&P500 second quarter earnings dates - 2026.07.27. – 08.07.
Stoxx 600 second quarter earnings dates - 2026.07.27. – 08.07.
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