Earnings Week of August 4–8, 2026: AMD, Palantir, Caterpillar, Disney, Eli Lilly, and More in Focus

Earnings season rolls into high gear this week as some of the market's most-watched companies step up to report second-quarter 2026 results. From chipmakers riding the AI wave to consumer giants navigating shifting demand, the week of August 4–8 is packed with reports that will help investors gauge the health of the economy and the staying power of corporate profit growth.

With S&P 500 earnings tracking to grow more than 47% in Q2 2026 according to FactSet — the second consecutive quarter of growth above 20% — expectations are elevated. The question is whether companies can continue beating an increasingly demanding bar. This week's roster spans semiconductors, industrials, big pharma, entertainment, and travel, making it one of the most economically diverse reporting weeks of the season.

This Week's Key Earnings Reports at a Glance

• Monday, August 3 — Palantir Technologies (NASDAQ: PLTR), After Close; Vertex Pharmaceuticals (NASDAQ: VRTX), After Close; Marriott International (NASDAQ: MAR), Before Open
• Tuesday, August 4 — Advanced Micro Devices (NASDAQ: AMD), After Close; Caterpillar (NYSE: CAT), Before Open; Merck & Co. (NYSE: MRK), Before Open; Pfizer (NYSE: PFE), Before Open; Spotify (NYSE: SPOT), Before Open; Booking Holdings (NASDAQ: BKNG), After Close
• Wednesday, August 5 — Eli Lilly (NYSE: LLY), Before Open; The Walt Disney Company (NYSE: DIS), Before Open; Uber Technologies (NYSE: UBER), Before Open; Shopify (NASDAQ: SHOP), Before Open; CVS Health (NYSE: CVS), Before Open; Arista Networks (NYSE: ANET), After Close; AppLovin (NASDAQ: APP), After Close
• Thursday, August 6 — Datadog (NASDAQ: DDOG), Before Open; Fiserv (NASDAQ: FISV), Before Open; ConocoPhillips (NYSE: COP), Before Open; Airbnb (NASDAQ: ABNB), After Close; Cloudflare (NYSE: NET), After Close; The Trade Desk (NASDAQ: TTD), After Close; DraftKings (NASDAQ: DKNG), After Close
• Friday, August 7 — Berkshire Hathaway (NYSE: BRK.B), After Close; Take-Two Interactive (NASDAQ: TTWO), Before Open; Vistra Corp (NYSE: VST), Before Open

Key Details: What Analysts Expect

Palantir Technologies (PLTR) — Monday, August 3, After Close

Palantir kicks off the week after the close Monday. Analysts expect Q2 2026 EPS of approximately $0.35 and revenue of around $1.81 billion — representing year-over-year revenue growth north of 80%. The company's own guidance called for revenue of $1.797–$1.801 billion, with adjusted income from operations of $1.063–$1.067 billion.

Palantir has beaten both revenue and EPS estimates in each of the past eight consecutive quarters, posting a 15.8% positive EPS surprise in Q1 2026. The key narrative centers on U.S. government contract momentum — particularly its Maven AI battlefield intelligence system, which recently received program-of-record status from the Pentagon — and whether U.S. commercial revenue rebounds after a slower Q1. Analysts have issued 20 upward EPS revisions and 21 upward revenue revisions over the past three months.

Advanced Micro Devices (AMD) — Tuesday, August 4, After Close

AMD reports Q2 2026 results after the close on Tuesday. AMD guided Q2 revenue to $11.2 billion (±$300 million), representing approximately 46% year-over-year growth. The Zacks consensus puts revenue at $11.32 billion and EPS at $1.61 per share.

AMD has delivered three consecutive earnings beats, including Q1 2026 EPS of $1.37 versus the $1.29 consensus on revenue of $10.3 billion. The stock is up over 130% year-to-date. The critical story remains shipment volumes for AMD’s MI-series data center GPUs and competitive positioning in the AI accelerator market. Wall Street has a Strong Buy consensus with an average price target of $582.65. Options traders are pricing in an approximately 11% post-earnings move in either direction.

Caterpillar (CAT) — Tuesday, August 4, Before Open

Caterpillar reports Q2 2026 results before the open Tuesday. The Zacks consensus estimate calls for EPS of $6.25 — 32% year-over-year growth — on revenue of $19.31 billion, an implied 16.6% increase. In Q1 2026, Caterpillar posted a 19.9% EPS beat, reporting $5.54 against the $4.62 consensus on revenue of $17.41 billion.

Investors will watch for commentary on infrastructure-driven demand, tariff impacts on supply chain costs, and construction activity across North America and international markets. CAT shares have gained approximately 97% over the past year. Zacks models predict another earnings beat, supported by strong infrastructure project spending tied to the U.S. CHIPS Act and infrastructure legislation.

Merck (MRK) and Pfizer (PFE) — Tuesday, August 4, Before Open

Two major pharmaceutical companies report simultaneously Tuesday morning. Merck investors will be watching Keytruda cancer therapy sales — the world’s top-selling drug by revenue — alongside pipeline updates and fiscal 2026 guidance. Pfizer continues its post-pandemic restructuring, with investors focused on whether its non-COVID portfolio can drive meaningful growth. Both reports come amid continued scrutiny of Medicare drug pricing negotiations under the Inflation Reduction Act.

Eli Lilly (LLY) — Wednesday, August 5, Before Open

Eli Lilly is arguably the most-watched report of the week. Analysts project Q2 2026 revenue of approximately $20.26–$20.87 billion, representing roughly 30% year-over-year growth. EPS estimates vary by source, reflecting the rapid pace of upward revision — Lilly delivered an extraordinary 24.8% EPS beat in Q1 2026, reporting $8.55 against the $6.85 consensus.

The key drivers are Mounjaro (tirzepatide) for diabetes and Zepbound for obesity — both GLP-1 receptor agonists experiencing explosive demand. Investors will scrutinize manufacturing capacity progress, supply constraints, and any guidance revision for fiscal 2026. Trulicity (an older GLP-1 drug) continues to decline, but growth in Mounjaro and Zepbound more than offsets the erosion. Lilly has beaten earnings in each of the past four quarters, and expectations for this week remain sky-high.

The Walt Disney Company (DIS) — Wednesday, August 5, Before Open

Disney reports its fiscal Q3 2026 results before the open Wednesday. Analysts expect EPS of approximately $1.88, representing 16.8% year-over-year growth, on revenue of roughly $25.4 billion. In Q2 fiscal 2026, Disney delivered $1.57 EPS on $25.17 billion in revenue — a beat that led management to raise full-year adjusted EPS growth guidance to approximately 12% and authorize at least $8 billion in share repurchases.

The core narrative for Disney centers on three pillars: streaming profitability at Disney+, record Experiences (theme parks) performance driven by higher guest spending and new attractions, and disciplined capital allocation. Investors will watch for updates on domestic park attendance, cruise line expansion, and any signal of accelerating growth into fiscal 2027.

Uber Technologies (UBER) — Wednesday, August 5, Before Open

Uber reports Q2 2026 earnings before the open Wednesday. Analysts project adjusted EPS of approximately $0.84, a 33% year-over-year increase. Uber guided Q2 Gross Bookings of $56.25–$57.75 billion (midpoint $57 billion, ahead of the prior $56.9 billion consensus) and non-GAAP EPS of $0.78–$0.82, with adjusted EBITDA of $2.70–$2.80 billion. In Q1 2026, Uber posted EPS of $0.72 on revenue of $13.2 billion.

Uber’s investment thesis centers on free cash flow generation — FY 2026 FCF is estimated near $11 billion — and margin expansion as ridesharing and Delivery both scale. Investors will focus on mobility trip growth, Delivery gross bookings, and any commentary on autonomous vehicle partnerships that could reshape Uber’s long-term cost structure.

Airbnb (ABNB) — Thursday, August 6, After Close

Airbnb reports Thursday after the close. The company guided Q2 2026 revenue to approximately $3.57 billion — above the prior $3.46 billion consensus — while noting an estimated ~100 basis point headwind from the Middle East conflict impacting international nights booked. For the full year, Airbnb raised revenue growth guidance to 'low to mid teens' and maintained EBITDA margin guidance above 35%.

Investors will watch Nights and Experiences booked growth, average daily rate trends, and whether Airbnb can sustain EBITDA margin expansion as it invests in new product verticals. The stock trades at roughly 29x forward earnings, a premium valuation that reflects market expectations for durable double-digit growth.

Booking Holdings (BKNG) — Tuesday, August 4, After Close

Booking Holdings reports Tuesday after the close. Analysts expect Q2 2026 diluted EPS of approximately $2.46, a 10.8% increase year-over-year, on revenue growth of 4–6%. BKNG has beaten EPS estimates in each of the past four consecutive quarters. The company guided Q2 room nights growth of 2–4% and gross bookings growth of 4–6%. For fiscal 2026, analysts model $10.45 EPS (up 14.6%) on revenue of $29.4 billion.

Market Impact

This week’s earnings carry implications far beyond individual stock price moves. AMD and Palantir serve as bellwethers for AI infrastructure spending — AMD for data center hardware, Palantir for enterprise and government AI software. Strong results from both would reinforce the bull case for AI-driven earnings growth underpinning the S&P 500’s roughly 47% aggregate profit growth rate in Q2. Any miss or guidance reduction from either could trigger a sector-wide reassessment of AI spending durability.

Caterpillar’s results are a barometer for industrial and construction activity. Strong CAT numbers typically lift peers like Deere (DE) and United Rentals (URI) and signal continued momentum in infrastructure and energy project spending. Any meaningful margin compression commentary related to tariffs or material costs would weigh on the broader industrial sector.

Eli Lilly’s GLP-1 report is one of the most market-moving pharmaceutical events in 2026. Investors in Novo Nordisk (NVO) — which also reports this week — and smaller GLP-1 players will react heavily to Lilly’s supply and demand signals. Disney’s Q3 results will offer a real-time read on consumer spending at theme parks and streaming engagement. Travel sector investors will monitor Airbnb and Booking Holdings for any softness in leisure demand or international headwinds from geopolitical uncertainty.

What Investors Should Watch Next

• July Jobs Report (Friday, August 7): The BLS releases July employment data. Economists expect roughly 87,500 nonfarm payrolls (up from 57,000 in June) and unemployment edging to 4.3% from 4.2%. This report will significantly influence Federal Reserve rate-cut expectations for September.
• Federal Reserve Policy Outlook: Inflation data and the jobs report this week will be parsed carefully for signals on the pace of potential rate cuts in the back half of 2026.
• Next Week’s Earnings (August 10–14): CoreWeave (CRWV), Super Micro Computer (SMCI), Cisco Systems (CSCO), Applied Materials (AMAT), and JD.com (JD) report the following week, extending the semiconductor and tech sector’s reporting window.
• Nvidia (NVDA): NVDA's fiscal Q2 2027 report is expected in late August and will be the season’s most anticipated semiconductor print. AMD’s results this week will set the tone for investor expectations.
• Novo Nordisk (NVO): Also reporting Wednesday. NVO and LLY results together will define the GLP-1 / obesity drug sector narrative for the rest of the year.

Conclusion

The week of August 4–8, 2026 delivers some of the most consequential earnings reports of the Q2 season. From AMD’s AI GPU momentum and Palantir’s government software growth, to Disney’s entertainment turnaround, Eli Lilly’s GLP-1 empire, and Uber’s ridesharing scale, investors will receive critical data on the themes driving markets in 2026. With S&P 500 earnings on track for their strongest back-to-back quarters in years, the bar is high — but so is the potential reward for companies that continue to deliver.

Sources

• EarningsHub.com — Earnings Calendar: This Week (Aug 3–7, 2026) — https://earningshub.com/earnings-calendar/this-week — August 2, 2026
• CNBC — Stock Market Next Week: Outlook for Aug 3–7, 2026 — https://www.cnbc.com/2026/07/31/stock-market-next-week-outlook-for-aug-3-7-2026.html — July 31, 2026
• ii.co.uk — US Earnings Season Q2 2026 Calendar — https://www.ii.co.uk/investing-with-ii/international-investing/us-earnings-season — August 2026
• Yahoo Finance / GuruFocus — Palantir Q2 2026 Earnings Preview — https://finance.yahoo.com/markets/stocks/articles/palantir-q2-earnings-preview-ahead-195313903.html — July 2026
• TipRanks — AMD Stock Forecast: Q2 Earnings Preview — https://www.tipranks.com/news/amd-stock-forecast-options-traders-brace-for-a-major-move-after-q2-earnings — July 2026
• Yahoo Finance / Zacks — Should You Buy AMD Stock Ahead of Q2 Earnings? — https://finance.yahoo.com/markets/stocks/articles/buy-amd-stock-ahead-q2-152100876.html — July 2026
• Benzinga / MarketBeat — Caterpillar Q2 2026 Earnings — https://www.benzinga.com/quote/CAT/earnings-forecasts — August 2026
• MarketBeat — Walt Disney Q3 FY2026 Earnings Preview — https://www.marketbeat.com/instant-alerts/walt-disney-dis-expected-to-release-earnings-on-wednesday-2026-07-29 — July 2026
• Yahoo Finance / Zacks — Eli Lilly Q2 2026 Earnings Preview — https://finance.yahoo.com/markets/stocks/articles/lilly-lly-q2-earnings-horizon-131503632.html — July 2026
• Barchart / Yahoo Finance — Uber Technologies Q2 2026 Earnings Preview — https://finance.yahoo.com/markets/stocks/articles/earnings-preview-expect-uber-technologies-115301624.html — August 2026
• StockStory — Airbnb Q1 2026 Results and Q2 2026 Guidance — https://stockstory.org/us/stocks/nasdaq/abnb — July 2026
• FactSet / Kiplinger — Q2 2026 S&P 500 Earnings Growth Data — https://www.kiplinger.com/investing/stocks/17494/next-week-earnings-calendar-stocks — August 2026