Mega 7

Follow the Magnificent Seven US tech companies through earnings, capital spending and profit forecasts.

Reports on this topic

Deutsche Bank2026-10-22

Deutsche Bank: Microsoft Azure exceeds internal target; executive incentives for fiscal 2027 place greater emphasis on financial performance

Deutsche Bank’s review of Microsoft’s fiscal 2026 proxy statement found that growth in Azure and other cloud services exceeded the internal target by 5.7 percentage points, while revenue and operating income also surpassed their targets. Performance across the business was uneven, however, with growth slowing in other cloud businesses and Xbox revenue declining.

J.P. Morgan2026-10-22

J.P. Morgan: Meta: Advertising and Muse monetization advance as capital spending and financing pressures grow

Meta’s third-quarter revenue grew 26%, and Muse already has tens of millions of registered users. JPMorgan raised its price target to $940, but higher spending forecasts nearly offset the earnings gain from its upward revision to 2027 revenue. Cash flow and potential equity financing have become important constraints.

Deutsche Bank2026-10-22

Deutsche Bank: Tesla third-quarter earnings: Gross margin beats expectations, with substantial investment still ahead after cash flow turns positive

Deutsche Bank rates Tesla a Buy. Third-quarter revenue was broadly flat, while automotive gross margin and free cash flow were substantially better than the bank expected. Energy storage and autonomous driving offer room for growth, but rising expenses, working-capital support and subsequent capital spending together constrain the realization of profits.