Will both Amazon & Apple report stronger than expected quarterly earnings in their 7/30 release?
72% of users predicted YES — the community got this one right. 32 predictions cast.
Both Amazon and Apple reported quarterly results on July 30, 2026 that beat Wall Street's expectations. Amazon Web Services grew 37% year-over-year to $42.23 billion in revenue, ahead of the roughly $40.54 billion analysts had projected, driven by demand for AI infrastructure and the company's proprietary chip offerings. Apple posted fiscal third-quarter earnings of $2.02 per share on revenue of $109.42 billion, both topping consensus estimates of $1.89 per share and $108.65 billion, helped by a 22% jump in iPhone sales.
Apple's report doubled as CEO Tim Cook's last earnings call before departing the role, adding scrutiny to the results even as the headline numbers beat forecasts. Despite the beat, Apple shares slid more than 6% in after-hours trading because the company issued weaker-than-expected guidance for the current quarter, citing supply constraints.
The results capped a closely watched week of Big Tech earnings that also included Microsoft and Meta reporting a day earlier, as investors weighed which companies were converting heavy AI spending into actual revenue growth.
The community got this right, with 72% predicting both companies would beat expectations.