Mega-cap tech stocks have dominated earnings season. Here's how each juggernaut did, from Apple to Netflix.

Reuters
  • Facebook, Apple, Amazon, Netflix, Google – commonly known as FAANG stocks – reported quarterly earnings in October, as did Microsoft.
  • The six mega-cap tech giants make up roughly 18% of the S&P 500’s market capitalisation, according to Yardeni Research.
  • These stocks deserve credit for the record S&P 500 high in October, Yardeni argues.
  • Here’s how each company performed in quarterly earnings, and how much each stock has gained this year.
  • Read more on Business Insider.

It’s been quite a month for FAANG stocks. In October, each member of the popular group that includes Facebook, Apple, Amazon, Netflix, and Google/Alphabet reported quarterly earnings.

The five tech giants are closely watched by Wall Street analysts and retail investors alike because of their wide-reaching influence in society as well as their weight in the market. Including Microsoft – another heavy-hitting tech company – the group of six makes up roughly 18% of the S&P 500‘s total market capitalisation, according to Yardeni Research.

Recent gains around solid quarterly earnings from some of the FAANG stocks plus Microsoft contributed to the S&P 500’s recent all time high. The popular group of technology stocks returned to a new high last week, driving the overall market to a record, according to Ed Yardeni of Yardeni Research.

“Altogether, the FAANGM index is up about 33%” year-to-date, Yardeni wrote in a note to clients Thursday.

Here’s what each of the FAANG stocks, plus Microsoft, reported in the most recent quarterly earnings release, plus how much each stock has gained year-to-date.


1. Facebook

Associated Press

Ticker:
FB

Here’s what the company reported, versus what Wall Street expected:

  • Revenue: $US17.65 billion reported versus $US17.35 billion (expected)
  • Earnings per share: $US2.12 reported versus $US1.91 (expected)

Stock movement post-earnings: +2.04% as of 1:30 pm ET

Stock price year-to-date: +50%


2. Apple

AP

Ticker:
AAPL

Here’s what the company reported, versus what Wall Street expected:

  • Revenue: $US64 billion reported versus $US63 billion (expected)
  • Earnings per share: $US3.03 reported versus $US2.84 (expected)

Stock movement post-earnings: +1.84% as of 1:30 pm ET

Stock price year-to-date: +54%


3. Amazon

David Ryder/Getty Images

Ticker:
AMZN

Here’s what the company reported, versus what Wall Street expected:

  • Revenue: $US70 billion reported, versus $US68.8 billion (expected)
  • Earnings per share: $US4.23 reported, versus $US4.62 (expected)

Stock movement post-earnings: +2.47%

Stock price year-to-date: +18%


4. Netflix

Getty

Ticker:
NFLX

Here’s what the company reported, versus what Wall Street expected:

  • Revenue: $US5.25 billion reported versus TK (expected)
  • Earnings per share: $US1.47 reported, versus $US1.05 (expected)

Stock movement post-earnings: -3.7%

Stock price year-to-date: +6.7%


5. Alphabet / Google

Justin Sullivan/Getty ImagesGoogle CEO Sundar Pichai.

Ticker:
GOOGL

Here’s what the company reported, versus what Wall Street expected:

  • Revenue, excluding traffic acquisition costs:$US33.01 billion reported versus $US32.7 billion (expected)
  • Earnings per share: $US10.12 reported versus $US12.35 (expected)

Stock movement post-earnings: -2.20%

Stock price year-to-date: +21.23%


6. Microsoft

Getty Images

Ticker:MSFT

Here’s what the company reported, versus what Wall Street expected:

  • Revenue: $US33.1 billion reported versus $US32.3 billion (expected)
  • Earnings: $US1.38 reported versus $US1.24 (expected)

Stock movement post-earnings: +1.97%

Stock price year-to-date: +42%

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