Tesla, Intel lead earnings momentum among S&P 500 companies reporting next week

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Tesla, Intel earnings momentum

Highlights

Intel's EPS estimate surged nearly 135% with 56 upward revisions as second-quarter results and potential Apple chip production increase investor interest.
Tesla's EPS estimate rose 19% to 52 cents per share with 31 upward revisions, as Q2 focus remains on robotaxi scaling and expansion.
Dow's EPS estimate more than doubled to $1.27 per share alongside planned $100 million in specialty silicones investments by 2027 and a 27% YTD stock gain.

Earnings estimate upgrades ahead of results

As reported by CNBC Pro, a screen of FactSet data identified four S&P 500 companies due to report next week that meet strict earnings momentum criteria, including at least 20 upward EPS revisions in the past three months and estimate increases of 15% or more over the same period.

Intel shows the strongest momentum in the group, with analysts lifting EPS expectations by nearly 135% over the past three months. The chipmaker records 56 upward revisions against nine downward revisions and is set to report second-quarter results after the market close on Thursday.

Dow also makes the list after its second-quarter earnings estimate more than doubles over the past three months. Analysts now expect earnings of $1.27 per share, according to FactSet, after 25 upward revisions and eight downward revisions, while Texas Instruments posts 32 upward revisions and one downward revision, with expected earnings of $1.92 per share, up 22.4% from three months ago.

Company developments and market focus

Intel has attracted renewed investor interest since Lip-Bu Tan took over as CEO early last year, after a prolonged period of weak stock performance and manufacturing setbacks. The company recently says its advanced 18A-P manufacturing process has entered risk production, bringing it closer to potentially producing some chips for Apple.

Bernstein says a potential Apple foundry win could offer an important proof point for Intel's manufacturing strategy, even if the initial financial benefit is likely limited. Analyst Stacy Rasgon writes in a June 18 note that significant work still remains, but that the development could mark the first real step forward on that front.

Tesla's EPS estimate rises about 19% over the past three months, with 31 upward revisions and 14 downward revisions, and analysts now estimate earnings of 52 cents per share, according to FactSet. During the second quarter, the company manufactures more than 450,000 vehicles and delivers more than 480,000, while Bank of America says investor attention for the earnings release is likely to stay focused on robotaxi deployments, especially the pace of fleet scaling and expansion into new markets. Tesla is scheduled to hold its second-quarter earnings call on Wednesday.

Dow, meanwhile, says last month it plans targeted investment projects worth $100 million by the end of 2027 to expand its specialty silicones manufacturing capabilities. Its stock is up 27% in 2026 and offers a dividend yield of 4.7%, with second-quarter results due on Thursday morning.

In our earlier analysis of Intel (INTC) shares, we noted that the stock was showing strong short-term bearish momentum even as the company pushed ahead with operational initiatives, including a broader internal rollout of Gemini Enterprise AI via Google Cloud to support chip design and efficiency. We also highlighted that investor caution was being driven by execution risk and heavy capital spending tied to Intel’s foundry strategy, with the upcoming quarterly earnings report seen as a key catalyst for guidance and sentiment.

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