Earnings Today, August 3, 2026: Palantir, Berkshire Hathaway, Snap, Vertex, Marriott and More Report Q2 Results

Introduction

Monday, August 3, 2026 marks one of the busiest single days of the second-quarter 2026 earnings season, with more than 200 companies scheduled to report results. The day features a mix of large-cap names spanning technology, energy, pharmaceuticals, hospitality, and consumer goods — giving investors a broad read on how corporate America performed through June.

Among the most closely watched names: Palantir Technologies, which has beaten analyst expectations for seven consecutive quarters and carries one of the highest valuations in the S&P 500; Berkshire Hathaway, Warren Buffett's conglomerate reporting its first quarter following the completion of the $8.5 billion acquisition of Taylor Morrison; and Snap, which has struggled to regain consistent profitability in a competitive social media advertising market.

With S&P 500 earnings growth projected at 24.7% for the second quarter — which would mark the second consecutive quarter above 20% — investors will be watching today's results for signs of broad-based health across industries.

Companies Reporting Earnings Today

Berkshire Hathaway (NYSE: BRK.A / BRK.B) — Time Not Confirmed

Berkshire Hathaway, the conglomerate led by Warren Buffett and Greg Abel, is expected to release its second-quarter 2026 results on Saturday morning in Omaha time — following its tradition of weekend releases. Analysts are forecasting EPS of approximately $5.00 for BRK.B, with revenue estimates around $96.5 billion. The results come after a strong first quarter in which EPS of $5.25 beat the $5.11 consensus. Key items to watch include operating earnings from insurance (GEICO, General Re), BNSF Railroad, Berkshire Hathaway Energy, and the newly completed acquisition of Taylor Morrison Home Corporation, which closed July 24, 2026. Berkshire's enormous stock portfolio — which includes Apple, American Express, and Coca-Cola — will also draw attention following market moves in the second quarter.

Palantir Technologies (NASDAQ: PLTR) — After Market Close

Palantir Technologies will report its second-quarter 2026 results after the close at 5:00 p.m. ET. Analyst consensus estimates call for EPS of approximately $0.33 to $0.35 per share and revenue of $1.797 billion to $1.801 billion — an increase of roughly 81% year over year. The company guided for Q2 2026 revenue of $1.797 billion to $1.801 billion. Palantir has beaten analyst EPS and revenue estimates in each of its last seven consecutive quarters, including a Q1 2026 beat where revenue grew 85% year over year to $1.633 billion. Investors will focus on growth in Palantir's U.S. commercial segment and its AI Platform (AIP) sales pipeline. Palantir carries a market capitalization of approximately $304 billion, making it one of the most richly valued stocks in the S&P 500 relative to its revenues.

Snap Inc. (NYSE: SNAP) — After Market Close

Snap will hold its Q2 2026 earnings call at 5:00 p.m. ET. Analysts expect revenue growth of approximately 14.5% year over year, improving from the 8.7% increase in the same period last year. Snap guided Q2 2026 revenue in the range of $1.5 billion to $1.6 billion. In Q1 2026, Snap reported revenue of $1.53 billion, in line with estimates. The company remains unprofitable on a GAAP basis, with analysts forecasting a Q2 EPS loss of approximately $0.06. Options markets imply a post-earnings move of roughly 14.5%, reflecting investor uncertainty about the company's advertising revenue trajectory and competition from TikTok, Meta, and YouTube Shorts.

Vertex Pharmaceuticals (NASDAQ: VRTX) — After Market Close

Vertex Pharmaceuticals will report Q2 2026 results after the market close, with a conference call at 4:30 p.m. ET. Analysts expect revenue growth of approximately 7.6% year over year, decelerating from 12.1% growth in the year-ago quarter. Vertex maintained its full-year 2026 revenue guidance of $12.95 billion to $13.1 billion. In Q1 2026, Vertex reported adjusted EPS of $4.47, beating the $4.31 estimate, while revenue of $2.987 billion slightly missed estimates. The company has beaten EPS estimates in three of the last four quarters with an average surprise of 4.24%. Investors will watch for updates on Vertex's cystic fibrosis franchise, anchored by Trikafta, as well as its pain management pipeline.

ON Semiconductor / onsemi (NASDAQ: ON) — After Market Close

ON Semiconductor will report Q2 2026 results after the close. Analyst consensus calls for EPS of approximately $0.71 to $0.72 and revenue of roughly $1.59 billion, near the midpoint of the company's own Q2 guidance range of $1.535 billion to $1.635 billion. The chip maker has beaten EPS estimates in four consecutive quarters. Investors will focus on the automotive and industrial segments, where onsemi has been navigating demand normalization and inventory digestion. The company is a key supplier of silicon carbide (SiC) and power semiconductors for electric vehicles. Options markets imply a post-earnings move of approximately 12.4%.

Marriott International (NASDAQ: MAR) — Before Market Open

Marriott International is scheduled to report Q2 2026 results before the market opens, with a conference call at 8:30 a.m. ET. Analysts project EPS of approximately $3.04 to $3.08, with Marriott's own Q2 guidance calling for adjusted EPS of $2.99 to $3.06. Revenue expectations center around $7.2 billion to $7.3 billion. In Q1 2026, Marriott beat consensus EPS of $2.56 by reporting $2.72, a 6.25% upside surprise. Investors will watch RevPAR (revenue per available room) growth trends in North America and international markets as the summer travel season gets underway.

Diamondback Energy (NASDAQ: FANG) — After Market Close

Diamondback Energy, a major Permian Basin oil and gas producer, will report Q2 2026 results after the close. Analysts forecast EPS of approximately $5.98 to $6.13 and revenue of roughly $5.0 billion. Options markets imply a post-earnings move of approximately 8.0%. Investors will focus on production volume growth, capital discipline, and any updates to the company's 2026 outlook given recent oil price movements.

Tyson Foods (NYSE: TSN) — Before Market Open

Tyson Foods will report its fiscal third-quarter 2026 results before the market opens. Analyst consensus calls for EPS of approximately $0.99 to $1.00 and revenue of approximately $14.3 billion. Tyson updated its full-year adjusted operating income guidance to a range of $2.2 billion to $2.4 billion — a $100 million midpoint increase from prior guidance. Investors will watch for margin improvement in chicken and pork, and any commentary on input cost trends in the beef segment.

Key Storylines

The most significant theme of the day is AI-driven revenue momentum. Palantir has been the centerpiece of investor enthusiasm around enterprise AI adoption, and its Q2 results will test whether the company's extraordinary growth can be sustained. Revenue estimates of roughly $1.8 billion would represent the strongest single quarter in Palantir's history if achieved.

In pharmaceuticals, Vertex's report will offer a read on specialty biotech performance in mid-2026. After guiding to $12.95 billion to $13.1 billion in full-year revenue, the company needs strong Q2 results to maintain that trajectory. Any pipeline updates — particularly in pain management — could move the stock significantly.

Energy sector investors are watching Diamondback Energy closely. Crude oil prices have been volatile in 2026 amid geopolitical tensions, and Diamondback's commentary on production and hedging strategy will be closely monitored. FANG is one of the largest independent oil producers in the Permian Basin.

Berkshire Hathaway's report covers a wide swath of the economy. Operating results from BNSF Railroad, GEICO, and Berkshire Hathaway Energy will provide insight into freight volumes, auto insurance trends, and utility operations — each serving as a proxy for broader economic activity.

Market Impact

Palantir's stock has historically moved by an average of 13% following earnings, according to EarningsWatcher. Given its market capitalization of roughly $304 billion and its elevated valuation — trading at a price-to-sales ratio of approximately 61x — a strong beat could provide a significant lift, while any guidance disappointment could trigger outsized selling pressure.

A Snap beat on revenue would be a positive signal for digital advertising demand broadly, potentially benefiting Meta Platforms and Alphabet shares. Snap's Q2 results will be compared against Reddit's 61.1% revenue growth and Meta's 28% growth, setting a high bar for social media platforms.

For sector ETFs, today's reporters touch several areas: the Technology Select Sector SPDR Fund (XLK), Energy Select Sector SPDR Fund (XLE), Health Care Select Sector SPDR Fund (XLV), and Consumer Discretionary Select Sector SPDR Fund (XLY) — through Marriott — may all see moves depending on how results are received.

ON Semiconductor's results will be watched for clues about silicon carbide demand in the electric vehicle supply chain. The company's Q3 guidance will be compared against the Street's current estimate of approximately $0.84 EPS.

What Investors Should Watch Next

Tuesday, August 4 brings another heavy calendar, with AMD, Amgen, Booking Holdings, Gilead Sciences, and Arista Networks scheduled to report. AMD's report is particularly significant — investors are watching for updates on the MI450 accelerator and its Helios production roadmap, which will affect the competitive landscape against Nvidia.

Disney and Shopify report August 5, providing reads on streaming subscriber trends and e-commerce platform health. Pfizer also reports that day.

On the macro side, the July nonfarm payrolls report is scheduled for Friday, August 7 at 8:30 a.m. ET. The June report came in below expectations at 57,000 jobs, keeping pressure on the Federal Reserve. The Fed held rates steady at 3.50%–3.75% at the July 28–29 FOMC meeting; Chair Kevin Warsh's commentary on inflation and employment will guide near-term rate expectations.

Conference calls for today's reporters begin with Marriott and Tyson Foods in the morning and continue with Vertex at 4:30 p.m. ET, followed by Palantir and Snap at 5:00 p.m. ET.

Conclusion

August 3, 2026 presents investors with an unusually diverse single-day earnings slate. Results from Palantir, Berkshire Hathaway, Snap, Vertex Pharmaceuticals, ON Semiconductor, Marriott International, Diamondback Energy, and Tyson Foods will collectively provide a detailed view of AI software demand, consumer travel spending, digital advertising, specialty pharmaceuticals, semiconductor supply cycles, and energy production economics.

With S&P 500 earnings growth tracking at approximately 24.7% for Q2 2026 — the second straight quarter above 20% — today's reporters carry the weight of confirming or questioning whether the market's elevated valuations remain justified. Investors should review earnings transcripts and guidance updates closely as each company reports.