What to Expect in Markets this Week: SpaceX’s First Earni…

The content highlights key financial news and upcoming events. Notable stories include the stress Americans feel about retirement spending, the need for larger emergency funds for parents, and the status of Trump's tariff wall. SpaceX is set to release its first quarterly earnings report, following a volatile stock performance since its IPO. Market recap details fluctuations in major stock indexes, largely influenced by Federal Reserve policies and earnings from tech companies. Upcoming events this week involve earnings reports from companies in various sectors, including AI, consumer goods, and entertainment, signaling a mix of economic indicators to watch.

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An exterior view of SpaceX headquarters in California.

SpaceX is slated to issue its first quarterly results as a public company on Tuesday. Walter Cicchetti via Getty Images

Elon Musk gets plenty of attention. He’ll get even more this week.

SpaceX is set to issue its first quarterly earnings report as a public company Tuesday afternoon, calling attention to Silicon Valley’s surging investment in AI and the supply chain supporting the buildout. The results will follow a volatile seven weeks for Elon Musk’s newly public moonshot.1

The rocket, connectivity and AI company sold shares for $135 in the largest initial public offering on record in June. The stock shot up in its first days, surpassing $225, and then steadily slid, falling below its IPO price and touching a low of $107 last week.

Enthusiasm for SpaceX stock has flagged amid operational setbacks and a pullback in AI stocks. Tech giants have issued new stock and used debt to finance their increasingly expensive AI data center buildout, raising questions about when the investments will pay off. Investors recently dumped shares of several Magnificent 7 members, including Musk’s EV maker Tesla, after the companies indicated their AI spending spree is far from over.

SpaceX and its counterparts’ big AI spending has been a tailwind for chip, memory and data storage stocks, which have soared this year as builders snapped up their products. Suppliers, including Advanced Micro Devices, Western Digital and SanDisk, will report this week, along with energy companies benefiting from the AI boom.234

This week also offers earnings from outside Silicon Valley. A number of consumer companies report, including the streaming service Spotify and media giants Paramount Skydance and Walt Disney.567 Results are also expected from McDonald’s, Wendy’s and the parent company of Burger King and Popeyes.8910

Market Recap

The major stock indexes plunged mid-week, though they managed to end the week with gains across the board, helped by an upbeat finish to Friday’s session. The Dow had its worst day in 15 months on Wednesday as the Federal Reserve left interest rates unchanged. Stocks started to regain ground Thursday, when data showed the Fed’s preferred inflation index cooled in June. Mega-cap tech stocks added to the turbulence throughout the week with mixed earnings reports. For the month, the Nasdaq Composite fell 3.2%, while the Dow edged higher and the S&P 500 just ticked lower. For more, read Friday’s market recap here.

This Week’s Top Events

Here’s a look at major events this week. TradingView publishes a more detailed calendar, but clicking the link will take you off the Investopedia site.

Monday, Aug. 3: Palantir ( PLTR) is set to release its second-quarter results after the market closes, and host a webcast at 5 p.m. ET.11 The company, which operates an AI platform and makes data analytics software, vastly outperformed expectations last quarter and raised its outlook.
Tuesday, Aug. 4: Spotify ( SPOT) is scheduled to publish its results before the opening bell and host a question-and-answer session at 8 a.m. ET. The streaming service raised prices and posted strong results earlier this year.
Tuesday: McDonald’s ( MCD) is slated to hold a conference call on its results at 8:30 a.m. ET, with the numbers expected before then. The industry has been trying to bring back inflation-weary lower-income consumers with deals, while working to attract higher-income diners. Other restaurant chains are reporting this week, including Shake Shack ( SHAK), Sweetgreen ( SG), Wendy’s ( WEN), Outback Steakhouse operator Bloomin’ Brands ( BLMN) and Restaurant Brands International ( QSR), the parent company of Burger King and Popeyes.121314
Tuesday: SpaceX ( SPCX) is scheduled to release its results after the market closes and host a live audio webcast at 4:30 p.m. ET.
Tuesday: Pinterest ( PINS) is set to publish its results after the closing bell and host a conference call at 4:30 p.m. ET. The social media company posted strong results last quarter and credited AI with improving its ad services.15
Tuesday: Paramount Skydance ( PSKY) will host a conference call on its results at 5 p.m. ET, with the figures expected before then. The media conglomerate came out on top of a bidding war with Netflix ( NFLX) for the acquisition of Warner Bros. Discovery ( WBD). Investors have been wary of Paramount’s plan to finance the purchase with $24 billion from foreign sovereign wealth funds and $54 billion in debt. The Walt Disney Co. ( DIS) will report fiscal third-quarter results on Wednesday morning, which will be its second report under CEO Josh D’Amaro.
Tuesday: Advanced Micro Devices ( AMD) plans to release its second-quarter results after the closing bell and host a conference call at 5 p.m. ET. The chipmaker beat expectations last quarter, and bolstered enthusiasm by announcing Microsoft is using its Helios rack-scale system, which is designed to train massive AI models.
Wednesday, Aug. 5: Uber ( UBER) is slated to hold a conference call on its results at 8 a.m., with the numbers expected beforehand.16 The rideshare and food delivery company handed in better-than-expected results last quarter, despite rising competition and gas prices. Uber recently struck deals with the electric vehicle company Rivian ( RIVN) and chipmaker Nvidia ( NVDA) as it and Lyft ( LYFT)—which reports Thursday—look to dispatch more self-driving cars.17
Wednesday: Eli Lilly ( LLY) plans to publish its results and hold a conference call at 10 a.m. ET. 18 The pharmaceutical company released better-than-expected numbers last quarter and lifted its outlook thanks to strong demand for weight-loss drugs. Its rival Novo Nordisk ( NVO) posts results Wednesday morning.19
Wednesday: Western Digital ( WDC) is slated to release its fiscal fourth-quarter results after the market closes, and host a conference call at 4:30 p.m. ET. SanDisk
( SNDK) is also set to discuss its fiscal fourth-quarter results at that time. Memory and data storage company stocks and earnings have surged amid an AI-driven shortage. Investors have recently been concerned that the industry’s blistering growth may not be sustainable as some tech firms redesign products to cut memory costs.
Friday, Aug. 7: Oklo ( OKLO) is set to publish its results before the opening bell, followed by a conference call at 8:30 a.m. ET.20 The nuclear energy startup has generated buzz while forging a partnership with Nvidia and Los Alamos National Laboratory, and advancing in negotiations to secure fuel from the government for its reactors. Wall Street is keeping an eye on energy companies like Oklo and Constellation Energy ( CEG), which reports Thursday, as AI drives demand for power.21

More Investopedia Reads

American wealth hasn’t ridden on the stock market this much since the 1950s, Peter Gratton writes. GDP grew slower than expected last quarter, but could rebound later this year, Diccon Hyatt reports. Delta ( DAL) and DraftKings ( DKNG) are launching a free, in-flight “sports knowledge contest,” Aaron Rennie reports. And here’s Daniel Liberto’s look at the levels of mortgage debt held by retirees.

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SpaceX. “ SpaceX to Post Second Quarter 2026 Results and Host Webcast on August 4, 2026.”
Advanced Micro Technology. “ AMD to Report Fiscal Second Quarter 2026 Financial Results.”
Western Digital Corporation. “ WD to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on August 5, 2026.”
Sandisk. “ Sandisk to Report Fiscal Fourth Quarter and Fiscal Year 2026 Results on August 5, 2026; Announces Investor Day on August 13, 2026.”
Spotify Technology. “ Spotify Technology S.A. to Announce Results for Second Quarter 2026.”
Paramount Skydance. “ Paramount to Report Second Quarter 2026 Financial Results on August 4, 2026.”
The Walt Disney Company. “ The Walt Disney Company Executives to Discuss Fiscal Third Quarter 2026 Financial Results via Webcast.”
McDonald’s. “ Events & Presentations.”
Wendy’s. “ The Wendy’s Company to Report Second Quarter 2026 Results on August 7.”
Restaurant Brands International. “ Restaurant Brands International to Report Second Quarter 2026 Results on August 6, 2026.”
Palantir Technologies. “ Palantir Announces Date of Second Quarter 2026 Earnings Release and Webcast.”
Shake Shack. “ Shake Shack to Announce Second Quarter 2026 Financial Results on August 5, 2026.”
Sweetgreen. “ Sweetgreen to Announce Second Quarter 2026 Results on August 6, 2026.”
Bloomin’ Brands. “ Bloomin’ Brands, Inc. to Host Fiscal 2026 Second Quarter Earnings Conference Call at 8:00 AM EDT on August 5, 2026.”
Pinterest. “ Pinterest to Announce Second Quarter 2026 Results.”
Uber Technologies. “ Uber Announces Date of Second Quarter 2026 Results Conference Call.”
Lyft. “ Lyft To Announce Second Quarter 2026 Financial Results.”
Eli Lilly and Company. “ Lilly Confirms Date and Conference Call for Second-Quarter 2026 Financial Results Announcement.”
Novo Nordisk. “ Financial Calendar.”
Oklo. “ Oklo Announces Date for Second Quarter 2026 Financial Results and Business Update Call.”
Constellation Energy Corporation. “ Upcoming Events.”

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