Magnificent 7 Earnings 2025: Complete Performance Recap

The Magnificent 7 stocks—Apple, Microsoft, NVIDIA, Alphabet, Amazon, Meta, and Tesla—delivered a mixed but mostly bullish performance throughout 2025. Here's the complete earnings history and analysis.

2025 Earnings Beat Rate Summary

| Company | Beats | Misses | Beat Rate | Avg Surprise | |---------|-------|--------|-----------|--------------| | Apple (AAPL) | 4 | 0 | 100% | +3.0% | | Microsoft (MSFT) | 4 | 0 | 100% | +3.9% | | NVIDIA (NVDA) | 4 | 0 | 100% | +6.9% | | Alphabet (GOOGL) | 4 | 0 | 100% | +12.1% | | Amazon (AMZN) | 4 | 0 | 100% | +22.9% | | Meta (META) | 4 | 0 | 100% | +8.8% | | Tesla (TSLA) | 1 | 3 | 25% | -2.3% |

Key Insight: Six of the seven Magnificent 7 stocks beat earnings every quarter in 2025, with Tesla as the notable exception.

Individual Performance Breakdown

Apple (AAPL) - Steady Beats

Apple maintained its reputation for consistently modest beats throughout 2025:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q4 2025 | $1.64 | $1.60 | +2.5% | Oct 31, 2025 | | Q3 2025 | $1.40 | $1.35 | +3.7% | Aug 1, 2025 | | Q2 2025 | $1.53 | $1.50 | +2.0% | May 1, 2025 | | Q1 2025 | $2.18 | $2.10 | +3.8% | Jan 30, 2025 |

Takeaway: Apple's guidance is conservative, leading to reliable 2-4% beats. iPhone demand and Services growth drove results.

Microsoft (MSFT) - Cloud-Powered Consistency

Microsoft's Azure growth and AI monetization led to strong beats:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q1 FY2026 | $3.30 | $3.10 | +6.5% | Oct 29, 2025 | | Q4 FY2025 | $2.95 | $2.93 | +0.7% | Jul 29, 2025 | | Q3 FY2025 | $2.94 | $2.82 | +4.3% | Apr 29, 2025 | | Q2 FY2025 | $3.23 | $3.11 | +3.9% | Jan 28, 2025 |

Takeaway: Azure and Copilot AI subscriptions are the key catalysts. Microsoft's beat rate has been 100% for 12+ consecutive quarters.

NVIDIA (NVDA) - AI Domination Continues

NVIDIA posted the most consistent high-magnitude beats, fueled by insatiable AI demand:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q3 FY2026 | $0.81 | $0.75 | +8.0% | Nov 20, 2025 | | Q2 FY2026 | $0.68 | $0.64 | +6.3% | Aug 28, 2025 | | Q1 FY2026 | $0.61 | $0.57 | +7.0% | May 28, 2025 | | Q4 FY2025 | $0.52 | $0.49 | +6.1% | Feb 26, 2025 |

Takeaway: NVIDIA beat estimates by 6-8% every quarter. Data center GPU demand shows no signs of slowing despite high expectations.

Alphabet (GOOGL) - Search & Cloud Outperformance

Alphabet delivered the highest average earnings surprise among the Mag 7:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q3 2025 | $2.12 | $1.84 | +15.2% | Oct 29, 2025 | | Q2 2025 | $1.89 | $1.84 | +2.7% | Jul 23, 2025 | | Q1 2025 | $1.89 | $1.51 | +25.2% | Apr 24, 2025 | | Q4 2024 | $2.15 | $2.04 | +5.4% | Feb 4, 2025 |

Takeaway: Google Cloud profitability and Search AI integrations drove massive upside surprises. Q1 2025's +25.2% beat was the largest in the Mag 7.

Amazon (AMZN) - Consistent Massive Beats

Amazon posted double-digit earnings surprises across all four quarters:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q3 2025 | $1.43 | $1.14 | +25.4% | Oct 31, 2025 | | Q2 2025 | $1.26 | $1.03 | +22.3% | Aug 1, 2025 | | Q1 2025 | $0.98 | $0.83 | +18.1% | Apr 29, 2025 | | Q4 2024 | $1.86 | $1.48 | +25.7% | Feb 6, 2025 |

Takeaway: AWS margins and retail efficiency gains led to consistently massive beats. Amazon's average +22.9% surprise was the highest among mega-caps.

Meta (META) - Ad Revenue Resilience

Meta's advertising rebound and efficiency gains drove solid beats:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q3 2025 | $6.03 | $5.25 | +14.9% | Oct 30, 2025 | | Q2 2025 | $5.16 | $4.73 | +9.1% | Jul 31, 2025 | | Q1 2025 | $4.71 | $4.32 | +9.0% | Apr 30, 2025 | | Q4 2024 | $5.33 | $5.22 | +2.1% | Feb 1, 2025 |

Takeaway: Meta's "Year of Efficiency" continues to pay dividends. Reality Labs losses are offset by advertising strength.

Tesla (TSLA) - The Outlier

Tesla was the only Magnificent 7 stock to post earnings misses in 2025:

| Quarter | EPS Actual | EPS Est | Surprise | Date | |---------|-----------|---------|----------|------| | Q3 2025 | $0.72 | $0.58 | +24.1% | Oct 23, 2025 | | Q2 2025 | $0.52 | $0.61 | -14.8% | Jul 23, 2025 | | Q1 2025 | $0.45 | $0.51 | -11.8% | Apr 23, 2025 | | Q4 2024 | $0.71 | $0.76 | -6.6% | Jan 29, 2025 |

Takeaway: Tesla struggled with margin compression from price cuts and delivery challenges. Q3 2025's strong beat may signal a turnaround.

Sector Comparison: Beat Rates by Industry

The Magnificent 7 aren't just big—they're remarkably consistent:

• Software (MSFT): 100% beat rate, conservative guidance culture
• Semiconductors (NVDA): 100% beat rate, demand exceeding forecasts
• Internet/Search (GOOGL): 100% beat rate, AI monetization ahead of expectations
• E-commerce (AMZN): 100% beat rate, efficiency gains surprising analysts
• Social Media (META): 100% beat rate, ad spend resilience
• Consumer Electronics (AAPL): 100% beat rate, steady execution
• EVs (TSLA): 25% beat rate, competitive pressures impacting margins

What This Means for 2026

Based on 2025's performance patterns:

1. Expect Continued Beats: AAPL, MSFT, NVDA, GOOGL, AMZN, and META have established patterns of sandbagging guidance
2. Watch Tesla: Q3 2025's beat could signal margin stabilization—monitor Q4 2025 results closely
3. AI Monetization: Companies with clear AI revenue (MSFT Copilot, GOOGL Cloud, NVDA GPUs) are outperforming
4. Valuation Matters: High beat rates are priced in; guidance is now more important than beats

Upcoming Earnings Dates (Q1 2026)

| Company | Date | Time | |---------|------|------| | Microsoft | Jan 28, 2026 | 4:00 PM ET | | Meta | Jan 28, 2026 | 4:30 PM ET | | Tesla | Jan 28, 2026 | 5:30 PM ET | | Apple | Jan 29, 2026 | 4:30 PM ET | | Alphabet | Feb 4, 2026 | 4:30 PM ET | | Amazon | Feb 5, 2026 | 5:00 PM ET | | NVIDIA | Feb 25, 2026 | 4:00 PM ET |

Track all Magnificent 7 earnings on the Catalyst Calendar. This is not financial advice.