Day roundup: every company reporting Thursday July 30, with links to the full articles.
This was the busiest day of the season: three macro releases before the open, an entire power sector in the morning, and two of the big four after the close. Here is all of it, in order of importance.
After the Close: Amazon and Apple
The two largest companies of the week reported after the closing bell - meaning their market reaction belongs to the following session, not to this day.
Amazon
The full report. AWS reached $42.2 billion and grew 36.6% - its year-over-year dollar addition was $11.3 billion, against $11.2 billion for Google Cloud.
And above everything, one line item: a revaluation gain of $53.4 billion on the Anthropic stake - 1.95 times the company's entire operating income for the quarter. In the prior quarter that same stake produced $16.8 billion.
And in the businesses themselves: the chips business and the AWS AI business are each at a $25 billion annual run rate growing triple digits; Zoox received an NHTSA exemption and is the first purpose-built robotaxi permitted to charge for rides; Graviton5 reached general availability with 98% of the top thousand EC2 customers on Graviton.
Apple
The full report. The strongest June quarter in the company's history: revenue of $109.4 billion (+16%) and earnings of $2.02 per share. iPhone +21.7%, Mac +28.7%, and China +22.4% - all five regions in double-digit growth.
And the asterisk that belongs on it: $0.11 of the profit and two percentage points of gross margin come from tariff refunds - meaning the true operational beat is far smaller than the headline shows.
Reddit, Coinbase and MicroStrategy
Reddit reported revenue of $805 million (+61%) and net income of $253 million - but advertising grew 64% while "other revenue," the line where AI data licensing sits, grew just 24% and represents about 5% of revenue.
Coinbase and MicroStrategy reported the same evening: at Coinbase, for the first time, subscriptions ($632 million) exceed transaction revenue ($599 million); and at MicroStrategy a net loss of $8.22 billion, entirely from the bitcoin revaluation.
And that is the evening's connection: the exact same accounting rule gave Amazon $53.4 billion of gain and took $8.32 billion from MicroStrategy - on the same night.
The Power Sector: Thirteen Reporters, and a Sharp Split
The full article. Demand stopped being a forecast: AEP signed another six gigawatts in the quarter, reaching 69 gigawatts of contracted demand through 2030; Alliant forecasts 60% load growth by 2031; and Xcel signed an agreement for a Google data center in which the customer bears the cost in full.
And then the market split the sector in two:
| Company | Move on the day |
|---|---|
| EMCOR | +19.32% |
| Quanta Services | +17.26% |
| GE Vernova | +9.07% |
| Monolithic Power | +5.40% |
| Edison International | +0.13% |
| Xcel Energy | -0.66% |
| Ameren | -1.11% |
| Eversource | -1.23% |
| AEP | -1.25% |
| Trane Technologies | -1.46% |
| Alliant Energy | -1.54% |
| IDACORP | -1.73% |
| Southern Company | -1.78% |
| Exelon | -3.08% |
The contractors reported records: Quanta with revenue of $9.56 billion (+41%) and a record backlog of $53.4 billion; EMCOR with record EPS of $9.06 and full-year guidance raised from $28.25-29.75 to $32.00-33.25; and Trane with organic bookings up 37% and a record $12.1 billion backlog.
And the utilities did not report badly - Southern grew EPS from $0.80 to $1.03, AEP and IDACORP raised guidance - and all of them fell.
The explanation is not in the results: utilities trade in part as bond substitutes, and in a week when the Fed held rates in a hawkish split vote the whole group gets pressured. And beyond that: the same demand wave is an expense at the utility and revenue at the contractor.
Check Point: Beat on Profit, and Fell
The full report. Adjusted EPS of $2.55 against $2.45 - above consensus. Adjusted free cash flow of $161 million, 24% of revenue, and $325 million of buybacks in a single quarter.
And revenue grew just 1%, to $673.6 million.
The stock fell over 10% pre-market and closed down 8.19% at $128.23 - it pared part of the decline during the session, but it is down 31% year-to-date, at roughly 14 times earnings.
And the lesson is broader than the company: in 2026 the market does not pay for profitability without growth. Calculated billings, the measure that would help answer whether this is timing or trend, was not disclosed this time - and that itself is a data point.
Mastercard: And the Comparison to Visa
The full report. Net revenue of $9.3 billion (+14%) and adjusted EPS of $5.04 (+21%). The stock rose 2.49%.
And the interesting comparison: Visa, which reported earlier, grew earnings 11%. Mastercard grew 21% - nearly double, in the same market and the same quarter.
Pagaya and Hippo: Both Beat Their Own Guidance
The full report. Both Israeli companies exceeded the guidance they themselves had given. Hippo posted a combined ratio of 95.8% - meaning underwriting profitability, not just premium growth.
The stocks: Pagaya +8.96%, Hippo +6.87%.
The Morning's Macro
The full article. GDP grew just 1.5% - but private final demand grew 3.9%.
The entire gap comes from one line: capital-goods imports, which count as a deduction in the GDP calculation. Meaning the weakness in the headline comes precisely from AI infrastructure investment - companies importing equipment subtract from GDP at the moment of purchase.
And core PCE stood at 3.3% - still far from target, and that is the context for the split Fed vote the day before.
The Day in One Line
This day showed three things.
First - that net income is ceasing to describe the business. Amazon booked $53.4 billion of profit that did not come from operations, and MicroStrategy lost $8.22 billion for exactly the same reason, on the same evening.
Second - that the market differentiates within a sector. The power sector reported well almost across the board, and split in two on a single question: who pays for the demand wave and who bills for it.
And third - that profitability without growth is not enough. Check Point beat on profit, generated strong cash, bought back stock - and fell 8.19% on 1% growth.
Sources: the official second-quarter 2026 results releases of the reporting companies, as filed with the U.S. Securities and Exchange Commission on July 30, 2026; GDP, PCE and jobless claims data from the U.S. Bureau of Economic Analysis and Department of Labor. Stock moves are closing changes for the July 30, 2026 trading session; Amazon, Apple, Reddit, Coinbase and MicroStrategy reported after the closing bell, and so the market's reaction to their results is not included in the day's figures. Data accurate as of the time of writing. Nothing herein constitutes a forecast, recommendation or advice - see the full disclaimer at the bottom of the page.