Mag 7 Earnings: GOOGL, TSLA, IBM, NOW, TXN Report

22.07.2026 · By Bernal Fintech Markets Desk

Alphabet (GOOGL), Tesla (TSLA), IBM, ServiceNow (NOW), and Texas Instruments (TXN) reported Q2 earnings, delivering a mix of results on revenue and profitability. Alphabet exceeded expectations with strong cloud growth, while Tesla missed earnings per share (EPS) forecasts despite higher-than-expected revenue. ServiceNow also beat estimates, with both revenue and profit surpassing analyst expectations.

Tesla reported second-quarter revenue of $28.24 billion, up 26% year-over-year and ahead of the $26.32 billion estimate. However, profitability metrics fell short as margins compressed. The company’s EPS came in below forecasts, leading to a decline in shares in after-hours trading. Tesla’s results reflect ongoing challenges in maintaining profitability amid increased investment in robotics and AI.

Alphabet Exceeds Estimates on Cloud Growth

Alphabet reported Q2 revenue of $119.8 billion, up 24% year-over-year and ahead of Wall Street expectations. The company’s strong performance was driven by accelerating growth in Google Cloud, which saw revenue of $24.77 billion, an 82% increase from the prior year. This growth was fueled by strong demand for cloud computing services, particularly due to the AI boom. While search advertising narrowly missed estimates, the overall results were seen as positive, with investors focusing on the continued strength in the cloud segment.

ServiceNow Beats on Both Fronts

ServiceNow (NOW) posted Q2 results that beat analyst estimates on both revenue and profit. The company reported revenue of $1.8 billion, up 21% year-over-year, and non-GAAP earnings per share of $1.02, which exceeded the $0.94 estimate. The results reflect strong demand for its digital workflow automation solutions, particularly in the enterprise market. ServiceNow’s performance has been a key driver of its stock price, which has seen significant gains in recent quarters.

What it means for markets

The mixed earnings results from tech giants highlight the diverging paths of major players in the sector. While Alphabet and ServiceNow delivered strong results, Tesla’s miss on EPS underscores ongoing challenges in maintaining profitability. These reports are likely to influence investor sentiment and market direction in the coming days, particularly in the tech-heavy Nasdaq Composite.