Key Takeaways Netflix’s second-quarter results are due out after the closing bell Thursday.

Analysts expect the streamer to post substantial growth year-over-year in both revenue and profit.

Analysts will be watching for the impact of higher subscription prices and Netflix’s new first-party advertising platform.

Netflix (NFLX) is scheduled to report second-quarter results after the closing bell Thursday, with analysts largely bullish on the streaming giant’s continued growth potential.

Wall Street expects Netflix’s revenue to have grown 16% year-over-year to $11.07 billion and net income to have jumped about 45% to $3.08 billion, or $7.08 per share, according to Visible Alpha consensus data.

Netflix possesses “unmatched scale in streaming,” Bank of America analysts wrote in a note to clients Tuesday. The bank’s price target of $1,490 is among the most bullish on Wall Street and represents a premium of 18% over Netflix’s intraday price Wednesday. Shares of Netflix are up more than 40% so far in 2025.

Wedbush analysts, which maintained a $1,400 target this week, said Netflix is poised to grow revenue from its ad-supported subscription tier by incorporating more live events and expanding its ad partnerships. The streamer raised the price of its ad tier to $7.99 from $6.99 in January, while the cost of its standard ad-free plan rose to $17.99 from $15.49, and its premium plan moved to $24.99 from $22.99.

“While massive subscriber growth was the primary driver in 2024, we expect price increases to drive revenue growth in 2025, and the ad tier to drive revenue higher in 2026,” Wedbush said.

The consensus price target among analysts in Visible Alpha’s database is $1,330, implying roughly 6% upside over Netflix’s current price. Ratings-wise, 13 analysts have a “buy” rating for Netflix stock, alongside four “hold” ratings.

Citi is one such analyst with a neutral rating on Netflix stock, reiterating a target of $1,250, which implies slight downside. The bank said it will be watching for the updates on Netflix’s first-party ad-tech platform, which the company rolled out in the U.S. earlier this year and has said it plans to bring to other markets.

Netflix (NFLX) is scheduled to report earnings after the bell Thursday, with traders expecting shares could swing after the results.

Current options pricing suggests traders anticipate Netflix stock could move about 6% or $70 in either direction Friday. A move of that scale would lift shares to just above $1320 at the high end, or leave them near $1,180 at the bottom end of that range, their lowest level since May.

Netflix shares lost about 1% Wednesday to close at $1,250.31. Still, the stock is up 40% in 2025 so far.

Netflix’s stock has registered an average post-earnings move of 6% over the past four quarters, and risen in three of those instances. In April, shares rose a little over 1% after the streaming giant beat analysts’ expectations, thanks in part to higher subscription and ad revenues. Those results came shortly after Netflix executives reportedly said their goal is to double the company’s $39 billion in revenue last year by 2030.

Analysts are largely bullish on Netflix’s long-term outlook heading into the earnings report, and expect the streamer to report rising revenue and profits. Of 17 analysts tracked by Visible Alpha, 13 rate Netflix stock a “buy,” while just four give it a “hold.” Their average price target of about $1,330 is roughly 6% above the stock’s closing price on Wednesday.

Tesla (TSLA) is scheduled to report its second-quarter results after the market closes on Wednesday, with investors expecting the electric vehicle maker’s stock could make a sizable move.

Based on recent options pricing, Tesla stock is seen moving close to 7% or almost $22 in either direction from Tuesday’s close near $332 by the end of this week. At the high end, that would leave Tesla stock around $354, with the low end falling just under $311.

Tesla shares rose 5.4% the day after the electric vehicle maker’s first-quarter report, when CEO Elon Musk told investors he was weeks away from leaving his work with the Trump administration. They gained nearly 3% following Tesla’s January fourth-quarter report, after surging nearly 22% and falling 12.3%, respectively, after each of the two previous quarters’ earnings.

Tesla shares have lost nearly a fifth of their value since the start of this year. They have recovered from the lows they experienced in March and April when Tesla was the subject of protests while Musk was working in the federal government, but have still been pressured in recent weeks as Musk has continued to insert himself into politics on social media.

The EV giant is expected to report an over 10% decline in revenue from the same time a year ago to $22.74 billion, while adjusted earnings per share are projected to drop nearly 20% to 42 cents, per estimates compiled by Visible Alpha. Analysts have said recently the stock could respond more to Musk’s comments about Tesla’s recently launched robotaxi program and other projects than the company’s quarterly financial results, as the shares rose earlier this month despite deliveries missing estimates.

Among the analysts tracked by Visible Alpha who follow the company, nine call Tesla stock a “buy,” compared with five “hold,” and four “sell” ratings. Their average price target at $310 is close to 7% below Tuesday’s level.

UPDATE—July 22, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.

Google parent Alphabet (GOOGL) is scheduled to report second-quarter earnings after the bell Wednesday, with investors anticipating a sizable shift in the tech giant’s share price.

Current options pricing suggests traders anticipate Alphabet’s stock could move close to 6% or almost $11 in either direction from Tuesday’s close near $191 by the end of the week. A move of that scale would bring shares near $202 at the high end, not far from their record-high close in February, or leave them just under $181 at the low end. The stock has gained just 1% so far in 2025.

Alphabet’s stock has moved an average of 4.4% the day after earnings over the past four quarters. In April, shares rose a little over 2% a day after Alphabet’s first-quarter results surpassed Wall Street expectations and the company touted the growth of its AI Overviews search tool.

Analysts are largely bullish on the Google owner’s long-term outlook heading into the earnings report. Of the 19 analysts covering Alphabet that are tracked by Visible Alpha, 15 have a “buy” or equivalent rating for the stock, alongside four “hold” ratings. Their consensus price target near $201 implies roughly 5% upside over Tuesday’s close.

Beyond earnings, Wall Street is monitoring a potential judicial decision that could force Google to sell its Chrome browser as part of an antitrust case. Last year, Google was found to have maintained an illegal monopoly in online search, and a ruling on remedies is expected next month.

Key Takeaways Tesla and Alphabet are due to report quarterly results after the closing bell on Wednesday, kicking off the earnings reporting season for the Magnificent Seven group of major technology companies.

The big picture for S&P 500 company earnings is largely a question of the group of tech stalwarts’ health, and analysts expect that the numbers will be strong.

Major tech companies, whose shares have largely underperformed the broader stock market this year, are under particular pressure to post results that exceed analysts’ expectations.

It’s Big Tech’s turn to turn in its numbers.

A pair of Magnificent Seven companies are set to report their latest financial results this week, with Alphabet (GOOGL) and Tesla (TSLA) due to report earnings after the closing bell Wednesday; another standout U.S. tech firm, chipmaker Intel (INTC), is set to release results late Thursday. The reports will jump-start the tech earnings season following Netflix’s (NFLX) results last week.

The big picture for S&P 500 company earnings is largely a question of the group of tech stalwarts’ health. The “Mag 7” is expected to turn year-over-year earnings growth of more than 14%, FactSet said Monday, compared with 3.4% for the rest of the companies in the index.

The stock market’s recent performance suggests that investors bet they can deliver. The tech-focused Nasdaq Composite last week notched closing records in all five trading sessions, then rose further Monday. Renewed interest in trading acronyms and meme stocks may also signal enthusiasm for stocks broadly.

Mag 7 Stocks Have Lagged the Broader Market

There are, however, signs of caution among investors regarding chasing stocks further: The Roundhill Magnificent Seven ETF (MAGS) is in the green this year, but it has underperformed the S&P 500 even after a strong close to the first half. Only three Mag 7 stocks—Nvidia (NVDA), Microsoft (MSFT) and Meta (META)—are beating the S&P 500 year-to-date.

Performance of the Mag 7 stocks in 2025 through Monday’s close. TradingView

“Anyone investing in the S&P 500 index today is basically making a bet on the Magnificent 7 stocks propelling even higher,” Apollo Chief Economist Torsten Slok wrote earlier this month.

“The stakes are high for tech earnings season,” said State Street Investment Management Chief Investment Strategist Michael Arone, and this week will “set the tone.” Tech companies account for more than a third of S&P 500 earnings, he said, making their results “critically important” to sustaining stocks’ strengths.

It’s still early in the reporting season. Fifty-nine S&P 500 companies, representing about a fifth of index earnings, had reported as of last week, according to a Bank of America analysis. More than fourth-fifts of the companies to report, FactSet said, have turned in earnings above Wall Street’s forecasts; a similar percentage has done so for revenues.

Pressure on Big Tech to Top Expectations

As for this week’s Mag 7 reporters: At Tesla, shares of which were down about 19% this year through Monday’s close, options traders expect the stock to move more after earnings than it did after the first-quarter results arrived. Alphabet’s shares are little changed in 2025, and investors will watch its results for signs of the health and benefits of AI infrastructure spending, among other things.

Some market watchers say that the setup may put particular pressure on tech stocks to outperform expectations. Netflix may be an example: While its results were generally positive, investors appeared to be looking for more, and its stock fell Friday before recovering a bit yesterday.

“Tech stocks’ lofty prices and sky-high valuations will make it critically important they handily beat earnings estimates and deliver positive outlooks for the remainder of the year,” Arone said.