Important information – This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Among those currently scheduled to release results next week:
27-Apr
Verizon*
Q1 Results
28-Apr
Airbus*
Q1 Results
Anglo American
Q1 Production Update
Barclays*
Q1 Results
BP*
Q1 Results
Coca-Cola*
Q1 Results
Coca-Cola Europacific Partners
Q1 Trading Statement
Howden Joinery
Q1 Trading Statement
Taylor Wimpey*
Q1 Trading Statement
Travis Perkins
Q1 Trading Statement
Visa*
Q2 Results
WPP
Q1 Trading Statement
29-Apr
Alphabet*
Q1 Results
Amazon*
Q1 Results
Aston Martin*
Q1 Results
AstraZeneca*
Q1 Results
GSK*
Q1 Results
Haleon*
Q1 Trading Statement
Lloyds*
Q1 Interim Management Statement
Melrose*
Q1 Trading Statement
Meta*
Q1 Results
Microsoft*
Q3 Results
Oakley Capital Investments
Q1 Trading Statement
PPHE Hotel Group
Q1 Trading Statement
Prudential*
Q1 Trading Statement
RHI Magnesita
Q1 Trading Statement
St James's Place
Q1 Results
30-Apr
Alfa Financial Solutions
Q1 Trading Statement
Apple*
Q2 Results
Beazley
Q1 Trading Statement
Eli Lilly*
Q1 Results
Endeavour Mining
Q1 Results
Glencore
Q1 Production Update
Inchcape
Q1 Trading Statement
International Personal Finance
Q1 Trading Statement
Lancashire Holdings
Q1 Trading Statement
Magnum Ice Cream*
Q1 Trading Statement
Mastercard*
Q1 Results
OSB Group
Q1 Trading Statement
Persimmon*
Q1 Trading Statement
Standard Chartered*
Q1 Results
Unilever*
Q1 Trading Statement
Weir Group
Q1 Interim Management Statement
Whitbread*
Full Year Results
01-May
NatWest*
Q1 Results
Pearson
Q1 Trading Statement
AWS is likely to do much of the heavy lifting in Amazon's results, especially as AI demand continues to reshape cloud spending. Recent quarters have seen AWS growth pick back up to around the mid-20s, and the order backlog has risen as customers race to secure more computing power.
Meeting that demand means more investment. Amazon has pointed to roughly $200bn of capex this year, with the bulk directed at AWS infrastructure. Management argues that's what it takes to keep pace, that AI-related cloud revenue is already running at a strong clip, and they have good visibility on returns.
But investors want a bit more proof, and the flip side is that a higher spend profile can lean on near-term cash flow and margins as depreciation rolls through. The e-commerce business is expected to keep ticking along nicely, so the most useful signals are likely to be AWS growth, margin commentary and any colour on longer-run returns as the investment cycle matures.
Apple reports against the backdrop of a stronger iPhone cycle and news that longtime CEO Tim Cook will be passing the baton to product guru and another Apple veteran, John Ternus. This quarter's iPhone numbers should show whether recent momentum is sticking, and the timing of the CEO news could be a signal that the company is happy with the numbers it's about to put out.
Margins moved higher last quarter, helped by higher average prices as buyers continued to favour the more expensive models, a trend that appears to have continued this year. That richer mix should help soften some cost pressure, like higher memory pricing, without needing broad-based price rises.
Looking ahead, the main question is whether the recent improvement in hardware demand can prove sustainable. Updates on the product cycle, services momentum, the pace of AI integration, and any hints on new device categories should help set expectations for how growth looks beyond the current cycle.
AI is adding fresh momentum to Meta's core advertising engine, with better targeting helping support both pricing and volumes. That mix pushed revenue growth higher last quarter, and next week's update should show whether that strength is carrying into 2026.
That said, this story isn't just about top-line delivery. Costs remain front and centre as management pushes to stay at the front of the AI race, even if that means a heavier spend profile in the near term. Media reports have also pointed to further headcount reductions as the group tries to balance discipline with rising infrastructure needs.
The key issue is whether the pace of AI investment is keeping in step with what's being delivered in the ad business, particularly on margins and cash generation. Guidance on operating expenses and capital plans may therefore matter just as much as any headline on advertising demand.
Microsoft's been out of favour of late, but next week’s results should give another read on how well AI and cloud spending are translating into growth. The group is still deep in an investment phase, with data centre and chip spend ramping quickly. The trade-off is that margins can look a little messier in the near term as capacity is built out.
That keeps Azure firmly in focus. Demand has looked resilient, but capacity constraints and internal AI consumption have made the reported numbers harder to interpret. As more capacity comes online, Azure growth and any supply/demand commentary should help show whether today's infrastructure spend is being put to work efficiently.
Beyond the cloud, the market will want to see evidence of AI paying its way in areas like Office 365. Copilot adoption is a useful signpost for whether AI can shift from a cost headwind to a revenue driver over time. Updates on usage, retention and incremental pricing power would help round out the picture of how quickly that transition is happening.
The author holds shares in Meta and Microsoft.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Past performance is not a guide to the future. Investments rise and fall in value so investors could make a loss. Yields are variable and not guaranteed.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.
Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.
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