Analysts Expect to See Strong Earnings from Amazon this Week

On February 5, Amazon (NASDAQ: AMZN) is expected to post earnings. And if the numbers are as good as they were in October, the stock could explode higher. When Amazon posted earnings on October 31, its stock rocketed 16%.

In that report, Amazon beat across the board and boosted its forecast for spending based on growing demand for artificial intelligence.

• Amazon Web Services saw 20% year-over-year growth to $33 billion.
• Revenue in its digital advertising business saw revenues jump 24% to $17.7 billion.
• Total Amazon sales were up 13% to $180.17 billion, which beat estimates of $177.8 billion.
• EPS was $1.85, crushing estimates of $1.57. 

But that was then. What do analysts believe Amazon managed in its most recent quarter?

• Amazon is expected to post EPS of $1.97 a share for the fourth quarter, or about 6% growth year-over-year.
• For full fiscal year 2025, it’s expected to post EPS of $7.17, up about 30% year-over-year from $5.53 for FY 2024.
• For the full fiscal year 2026, Wall Street is looking for EPS of between $7.87 and $7.91, or 10% year-over-year growth.

Adding to the optimistic outlook, Wedbush reiterated an outperform rating with a price target of $340 per share, expecting a big year for AWS. They named Amazon as their top e-commerce pick for the year. They also forecast fourth-quarter income of $25.2 billion, with a margin of 11.8, as noted by TipRanks.com. In the third quarter, Amazon’s operating income was $17.4 billion. 

But Amazon isn’t the only market heavyweight posting earnings this week. Here are two other reports to watch closely.

Advanced Micro Devices

Advanced Micro Devices (NASDAQ: AMD) will post fourth-quarter earnings after the bell on Tuesday. Analysts expect the company to post EPS of 1.32 a share, which would be 21.1% year-over-year growth. Revenues are expected to come in around $9.67 billion, up 26.2% year over year. In its last earnings report, the company beat estimates with EPS of $1.20 on sales of $9.2 billion.

Strong growth in AMD’s data center AI segment is expected to continue to contribute to its bottom line, with solid server performance from its MI350 GPUs. AMD announced partnerships with OpenAI and Oracle recently. In addition, CEO Lisa Su stated that the partnerships represent “a clear step up in our growth trajectory as our expanding compute franchise and rapidly scaling data center AI business drive significant revenue and earnings growth.” 

The company has a solid track record of beating EPS and revenue estimates, with the preceding four quarters surpassing analysts’ estimates. 

Alphabet

Alphabet Inc. (NASDAQ: GOOGL) will post fourth-quarter and full-year 2025 earnings on Wednesday after market close.

Analysts anticipate EPS of about $2.58 to $2.59, or 20% to 20.5% year-over-year growth. For the full fiscal year 2025, Wall Street analysts expect Alphabet’s diluted EPS to grow by 31.6% annually to $10.58, followed by a 4.4% improvement to $11.04 in fiscal 2026. 

Also, after a strong 2025, 2026 could be just as strong – especially after Apple entered into a multi-year partnership with Alphabet to use its Gemini models and cloud technology for Apple’s AI products, including Siri, with rollouts expected this year.

Analysts at Raymond James just upgraded GOOGL stock to a strong buy with a price target of $400 per share. As noted by TheStreet.com, “Raymond James is making the argument that Google’s AI stack is ‘shifting to high gear,’ possibly driving “material upward revisions” to medium-term estimates.”

Amazon, AMD, and Alphabet are AI Bellwethers

Amazon, AMD, and Alphabet are all poised to deliver results that reinforce the strength of AI-driven growth. Amazon’s accelerating AWS momentum, expanding margins, and improving earnings outlook put it squarely in the spotlight, while AMD’s data center traction and Alphabet’s rapidly scaling AI ecosystem add further upside potential across the tech sector. 

With analysts growing more optimistic and expectations elevated, strong reports could act as a powerful catalyst for tech stocks, making this another critical week for investors.