Earnings to Watch: Week of January 26 - January 30, 2026

A decisive week for Big Tech, AI infrastructure, energy majors, financials, and global industrial demand as earnings test growth durability, margins, and market leadership.

Earnings season is back in full force.

After the last two weeks of seeing earnings from major banks, airlines, retail, consumer goods, and semis (incl. TSM 0.00%↑ JPM 0.00%↑ NFLX 0.00%↑ INTC 0.00%↑ JNJ 0.00%↑ etc), this earnings week brings together nearly every pillar of the global equity market: mega-cap technology, energy supermajors, financial institutions, defense and industrial bellwethers, consumer staples, and global travel.

While the headline focus will fall on Microsoft, Meta, Tesla, Apple, and Visa, the real story is broader.

Markets are looking for confirmation that earnings growth can remain resilient amid tighter financial conditions, elevated valuations, and uneven global demand.

Energy names will test the sustainability of cash flows after a volatile commodity backdrop. Financials will reveal whether credit quality and fee income are stabilizing or deteriorating. Industrials and transports will provide insight into real-economy momentum, capital spending, and global trade flows.

And then there’s defense. After months of geopolitical tension and rising conflicts, the outlook of this sector is crucial to watch.

This week matters because it doesn’t just explore how companies performed, but whether the market’s current leadership of tech, quality defensives, and select cyclicals, still deserves its premium.

See the full day by day breakdown below (all times in ET):

Monday January 26

NUE 0.00%↑ (Nucor Corporation)
Earnings release: AMC
Earnings call: 10 AM ET on January 27

RYAAY 0.00%↑ (Ryanair Holdings plc)
Earnings release: Before earnings call
Earnings call: Before markets open

BRO 0.00%↑ (Brown & Brown, Inc.)
Earnings release: After market close
Earnings call: 8:00 AM ET on January 27

STLD 0.00%↑ (Steel Dynamics, Inc.)
Earnings release: Before market open
Earnings call: 11:00 AM ET

WRB 0.00%↑ (W. R. Berkley Corporation)
Earnings release: After market close
Earnings call: 5:00 PM ET

GGG 0.00%↑ (Graco Inc.)
Earnings release: After market close
Earnings call: 11:00 AM ET on January 27

AGNC 0.00%↑ (AGNC Investment Corp.)
Earnings release: After market close
Earnings call: 8:30 AM ET on January 27

CR 0.00%↑ (Crane Company)
Earnings release: After market close
Earnings call: 8:00 AM ET on January 27

Monday sets the tone with a mix of industrials, insurers, and cyclicals. Steel producers and specialty manufacturers offer an early read on construction, infrastructure, and manufacturing demand, while insurance names provide insight into pricing power and claims trends.

Travel exposure via Ryanair adds a pulse check on European consumer demand and capacity discipline. Early weakness here would raise questions about discretionary resilience, especially across the UK and Europe.

Markets will mostly be positioning ahead of heavier midweek tech earnings, but Monday’s results can shift sentiment on cyclicals and risk appetite.

Tuesday January 27

UNH 0.00%↑ (UnitedHealth Group Incorporated)
Earnings release: Before earnings call
Earnings call: 8:00 AM ET

RTX 0.00%↑ (RTX Corporation)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

BA 0.00%↑ (The Boeing Company)
Earnings release: Before market open
Earnings call: 10:30 AM ET

NEE 0.00%↑ (NextEra Energy, Inc.)
Earnings release: Before market open
Earnings call: 9:00 AM ET

TXN 0.00%↑ (Texas Instruments Incorporated)
Earnings release: Before earnings call
Earnings call: 4:30 PM ET

UNP 0.00%↑ (Union Pacific Corporation)
Earnings release: 7:45 AM ET
Earnings call: 8:45 AM ET

HCA 0.00%↑ (HCA Healthcare, Inc.)
Earnings release: Before market open
Earnings call: 10:00 AM ET

NOC 0.00%↑ (Northrop Grumman Corporation)
Earnings release: Before market open
Earnings call: 9:30 AM ET

UPS 0.00%↑ (United Parcel Service, Inc.)
Earnings release: 6:00 AM ET
Earnings call: 8:30 AM ET

GM 0.00%↑ (General Motors Company)
Earnings release: 6:30 AM ET
Earnings call: 8:30 AM ET

STX 0.00%↑ (Seagate Technology Holdings plc)
Earnings release: After market close
Earnings call: 5:00 PM ET

IVZ 0.00%↑ (Invesco Ltd.)
Earnings release: 7:00 AM ET
Earnings call: 9:00 AM ET

LOGI 0.00%↑ (Logitech International S.A.)
Earnings release: 4:00 PM ET
Earnings call: 4:30 PM ET

AAL 0.00%↑ (American Airlines Group Inc.)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

Tuesday is a heavyweight macro day. Healthcare, aerospace & defense, energy infrastructure, and transportation all report, giving investors a wide-angle view of government spending, logistics, and economic throughput.

UnitedHealth, RTX, Boeing, UPS, GM, and Union Pacific collectively touch healthcare costs, defense budgets, manufacturing health, and freight volumes. Core indicators of economic momentum. Boeing, RTX, Northrop Grumman, and GE Vernova specifically reveal the state of aerospace demand, defense backlog durability, and government spending flow-through, particularly important in an election year with elevated geopolitical risk.

If these companies confirm stable demand and margins, it supports the case that economic activity remains firm despite restrictive policy.

Any broad disappointment would likely increase defensive positioning ahead of Big Tech results.

Wednesday January 28

MSFT 0.00%↑ (Microsoft Corporation)
Earnings release: After market close
Earnings call: 5:30 PM ET

META 0.00%↑ (Meta Platforms, Inc.)
Earnings release: After market close
Earnings call: 4:30 PM ET

TSLA 0.00%↑ (Tesla, Inc.)
Earnings release: After market close
Earnings call: 5:30 PM ET

ASML 0.00%↑ (ASML Holding N.V.)
Earnings release: TBA
Earnings call: TBA

LRCX 0.00%↑ (Lam Research Corporation)
Earnings release: TBA
Earnings call: 5:00 PM ET

IBM 0.00%↑ (International Business Machines Corporation)
Earnings release: After market close
Earnings call: 5:00 PM ET

APH 0.00%↑ (Amphenol Corporation)
Earnings release: Before market open
Earnings call: 1:00 PM ET

GEV 0.00%↑ (GE Vernova Inc.)
Earnings release: Before market open
Earnings call: 7:30 AM ET

T 0.00%↑ (AT&T Inc.)
Earnings release: Before market open
Earnings call: 8:30 AM ET

DHR 0.00%↑ (Danaher Corporation)
Earnings release: Before market open
Earnings call: 8:00 AM ET

NOW 0.00%↑ (ServiceNow, Inc.)
Earnings release: After market close
Earnings call: 5:00 PM ET

PGR 0.00%↑ (The Progressive Corporation)
Earnings release: Before market open
Earnings call: TBD

SBUX 0.00%↑ (Starbucks Corporation)
Earnings release: 7:45 AM ET
Earnings call: 8:00 AM ET

ADP 0.00%↑ (Automatic Data Processing, Inc.)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

GD 0.00%↑ (General Dynamics Corporation)
Earnings release: Before market open
Earnings call: 9:00 AM ET

WM 0.00%↑ (Waste Management, Inc.)
Earnings release: After market close
Earnings call: 10:00 AM ET on January 29

ELV 0.00%↑ (Elevance Health, Inc.)
Earnings release: 6:00 AM ET
Earnings call: 8:30 AM ET

LEVI 0.00%↑ (Levi Strauss & Co.)
Earnings release: After market close
Earnings call: 5:00 PM ET

MSCI 0.00%↑ (MSCI Inc.)
Earnings release: Before market opens
Earnings call: 11:00 AM ET

Wednesday is the most important earnings day of the week and arguably one of the most consequential of the quarter.

Microsoft, Meta, Tesla, ASML, IBM, and ServiceNow together form the full AI value chain, from silicon and tools, to enterprise software, to consumer-facing monetization. For Microsoft, the focus is not Azure growth alone, but Azure ex-AI vs AI contribution, OpenAI monetization cadence, and whether incremental AI revenue is offsetting rising infrastructure depreciation.

Meta is all about ad pricing durability, Reels monetization, and AI-driven engagement gains, but investors will be hypersensitive to any signal that capex intensity is peaking (or not). Tesla will trade on 2026 demand visibility, price elasticity, and whether AI (FSD, Optimus) is still narrative or becoming measurable revenue.

ASML is the pressure point: order backlog commentary and 2026 outlook will tell markets whether AI chip demand remains structurally constrained or starts normalizing. ServiceNow and IBM provide the enterprise view. Are CIOs expanding AI budgets, or simply reallocating existing spend?

Wednesday should answer if AI still accelerating earnings, or just absorbing capital.

Thursday January 29

AAPL 0.00%↑ (Apple Inc.)
Earnings release: After market close
Earnings call: 5:00 PM ET

V 0.00%↑ (Visa Inc.)
Earnings release: After market close
Earnings call: 5:00 PM ET

MA 0.00%↑ (Mastercard Incorporated)
Earnings release: Before market open
Earnings call: 9:00 AM ET

CAT 0.00%↑ (Caterpillar Inc.)
Earnings release: 6:30 AM ET
Earnings call: 8:30 AM ET

SAP 0.00%↑ (SAP SE)
Earnings release: 12:00 AM ET
Earnings call: 1:00 AM ET

TMO 0.00%↑ (Thermo Fisher Scientific Inc.)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

KLAC 0.00%↑ (KLA Corporation)
Earnings release: After market close
Earnings call: 5:00 PM ET

BX 0.00%↑ (Blackstone Inc.)
Earnings release: Before market open
Earnings call: 9:00 AM ET

HON 0.00%↑ (Honeywell International Inc.)
Earnings release: Before market open
Earnings call: 8:30 AM ET

LMT 0.00%↑ (Lockheed Martin Corporation)
Earnings release: Before market open
Earnings call: 8:30 AM ET

SYK 0.00%↑ (Stryker Corporation)
Earnings release: 4:05 PM ET
Earnings call: 4:30 PM ET

PH 0.00%↑ (Parker-Hannifin Corporation)
Earnings release: Before market open
Earnings call: 11:00 AM ET

CMCSA 0.00%↑ (Comcast Corporation)
Earnings release: Before market open
Earnings call: 8:30 AM ET

SNY 0.00%↑ (Sanofi)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

MO 0.00%↑ (Altria Group, Inc.)
Earnings release: 7:00 AM ET
Earnings call: 9:00 AM ET

MRSH 0.00%↑ (Marsh & McLennan Companies, Inc.)
Earnings release: Before market open
Earnings call: 8:30 AM ET

SHW 0.00%↑ (The Sherwin-Williams Company)
Earnings release: Before market open
Earnings call: 10:00 AM ET

TT 0.00%↑ (Trane Technologies plc)
Earnings release: Before market open
Earnings call: 10:00 AM ET

ING 0.00%↑ (ING Groep N.V.)
Earnings release: 1:00 AM ET
Earnings call: 3:00 AM ET

WDC 0.00%↑ (Western Digital Corporation)
Earnings release: After market close
Earnings call: 4:30 PM ET

DB 0.00%↑ (Deutsche Bank Aktiengesellschaft)
Earnings release: Before earnings call
Earnings call: 5:00 AM ET

RCL 0.00%↑ (Royal Caribbean Cruises Ltd.)
Earnings release: Before market open
Earnings call: 10:00 AM ET

SNDK 0.00%↑ (Sandisk Corporation)
Earnings release: After market close
Earnings call: 4:30 PM ET

LHX 0.00%↑ (L3Harris Technologies, Inc.)
Earnings release: Before market open
Earnings call: 10:30 AM ET

AJG 0.00%↑ (Arthur J. Gallagher & Co.)
Earnings release: After market close
Earnings call: 5:15 PM ET

NSC 0.00%↑ (Norfolk Southern Corporation)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

VLO 0.00%↑ (Valero Energy Corporation)
Earnings release: Before market open
Earnings call: 10:00 AM ET

NDAQ 0.00%↑ (Nasdaq, Inc.)
Earnings release: 7:00 AM ET
Earnings call: 8:00 AM ET

TAK 0.00%↑ (Takeda Pharmaceutical Company Limited)
Earnings release: Before earnings call
Earnings call: 5:30 AM ET

AMP 0.00%↑ (Ameriprise Financial, Inc.)
Earnings release: 6:30 AM ET
Earnings call: 8:00 AM ET

NOK 0.00%↑ (Nokia Oyj)
Earnings release: 1:00 AM ET
Earnings call: 4:30 AM ET

$LLOY (Lloyds Banking Group plc)
Earnings release: 2:00 AM
Earnings call: 4:30 AM

Thursday is where AI hype meets the real economy.

Apple, Visa, and Mastercard collectively determine whether global consumer demand can sustain premium valuations.

For Apple, the market will focus on iPhone unit stability, China demand trends, and whether Services growth can continue to offset hardware maturity. Any softness in China or cautious forward guidance would ripple across consumer tech.

Visa and Mastercard act as global demand barometers: cross-border volumes, discretionary spend trends, and credit normalization will tell investors whether consumers are slowing quietly or holding firm.

Industrials and defense names (Caterpillar, Honeywell, Lockheed Martin, L3Harris, Parker-Hannifin) will be dissected for order backlog strength, pricing power, and government budget visibility, especially amid geopolitical tension and election-year fiscal noise.

Financials like Blackstone, Marsh & McLennan, Nasdaq, and Ameriprise reveal capital market health: fundraising momentum, advisory pipelines, asset flows, and risk appetite. By Thursday’s close, we’ll see if growth is concentrated in tech or truly broad-based, and whether defensive positioning is justified or premature.

Friday January 30

XOM 0.00%↑ (Exxon Mobil Corporation)
Earnings release: 6:30 AM ET
Earnings call: 9:30 AM ET

CVX 0.00%↑ (Chevron Corporation)
Earnings release: Before market open
Earnings call: 11:00 AM ET

AXP 0.00%↑ (American Express Company)
Earnings release: 7:00 AM ET
Earnings call: 8:30 AM ET

VZ 0.00%↑ (Verizon Communications Inc.)
Earnings release: 6:30 AM ET
Earnings call: 8:00 AM ET

REGN 0.00%↑ (Regeneron Pharmaceuticals, Inc.)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

AON 0.00%↑ (Aon plc)
Earnings release: 6:30 AM ET
Earnings call: 8:30 AM ET

CL 0.00%↑ (Colgate-Palmolive Company)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

CNI 0.00%↑ (Canadian National Railway Company)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

APD 0.00%↑ (Air Products and Chemicals, Inc.)
Earnings release: Before earnings call
Earnings call: 8:00 AM ET

IMO 0.00%↑ (Imperial Oil Limited)
Earnings release: Before market open
Earnings call: 11:00 AM ET

SOFI 0.00%↑ (SoFi Technologies, Inc.)
Earnings release: 7:00 AM ET
Earnings call: 8:00 AM ET

NMR 0.00%↑ (Nomura Holdings, Inc.)
Earnings release: Before earnings call
Earnings call: 4:30 AM ET

CHTR 0.00%↑ (Charter Communications, Inc.)
Earnings release: Before earnings call
Earnings call: 8:30 AM ET

CHD 0.00%↑ (Church & Dwight Co., Inc.)
Earnings release: Before market open
Earnings call: 12:00 PM ET

BEP 0.00%↑ (Brookfield Renewable Partners L.P.)
Earnings release: 7:00 AM ET
Earnings call: 9:00 AM ET

Friday wraps the week with energy, financials, and defensive consumer names.

Exxon, Chevron, and Imperial Oil are less about Q4 earnings and more about forward-looking commentary on production stability, capital discipline, and geopolitical supply risks. Venezuela is a critical wildcard. Any guidance on potential changes to Venezuelan crude flows, sanctions enforcement, or supply disruptions could materially affect global balances and oil price expectations. Investors will scrutinize management tone on OPEC+ coordination, spare capacity, and downstream margins, especially if crude volatility re-emerges.

Financials like American Express, Aon, and Ameriprise will clarify consumer credit quality, discretionary spend resilience, and asset flow trends into 2026. Defensive consumer names like Colgate and Church & Dwight round out the picture, confirming whether pricing power remains intact.

Friday’s outlooks may not move markets intraday, but they often set the macro narrative for the following week, particularly if energy guidance reintroduces inflation or supply shock risk.

This earnings week isn’t about one company or one sector. It’s about confirmation that AI spending is translating into sustainable earnings. That consumers can keep spending without credit stress accelerating. That industrial and energy cash flows remain durable in a slower-growth world.

By the end of the week, investors should have clarity on whether current valuations are supported by fundamentals or simply momentum-driven.

Strong results across tech, financials, and cyclicals would reinforce risk-on positioning and support higher index levels. But if guidance turns cautious, particularly from Big Tech or global consumer proxies, markets may begin to reassess growth assumptions.

Either way, this is a week that will shape positioning, sector leadership, and volatility expectations well beyond January.