Wall Street's Next Big Movers: Tesla, Intel, Dow, and Texas Instruments Lead Earnings Momentum Ahead of Q2 Reports

As nearly 80 S&P 500 companies prepare to unveil their second-quarter results next week, a select group of four — Intel, Dow, Texas Instruments, and Tesla — are commanding significant attention due to exceptional earnings momentum. Analysts have substantially raised EPS estimates for these firms, signaling strong investor confidence and potential for market-moving announcements. From Intel’s manufacturing advancements to Tesla’s robotaxi ambitions, these companies are poised to be key highlights of the upcoming earnings season.

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The financial markets are bracing for a busy week as the second-quarter earnings season kicks into high gear, with nearly 80 S&P 500 companies scheduled to release their latest performance metrics. Amidst this flurry of reports, Wall Street analysts are closely tracking a handful of companies that have shown remarkable earnings momentum, with significantly raised EPS estimates in the past three months. CNBC Pro, leveraging FactSet data, has identified four such standout firms: Intel, Dow, Texas Instruments, and Tesla.

To make this exclusive list, companies needed to meet stringent criteria: at least 20 upward EPS revisions and an EPS estimate increase of 15% or more over the last three months. These are the companies demonstrating strong upward revisions, indicating growing analyst confidence in their future profitability.

Intel Leads the Charge with Soaring Estimates

Chip giant Intel has emerged as a clear leader in earnings momentum, experiencing an astounding nearly 135% increase in EPS expectations over the past three months. This robust revision is backed by 56 upward adjustments compared to just nine downward ones. Renewed investor enthusiasm has followed Lip-Bu Tan's appointment as CEO last year, marking a turning point after years of stock underperformance and manufacturing hurdles. Intel recently announced that its cutting-edge 18A-P manufacturing process has entered risk production, bringing it closer to potentially securing contracts, including a significant one with Apple for chip production. Bernstein analysts, while noting the long road ahead, emphasized a potential Apple foundry win as a crucial validation of Intel's manufacturing strategy. Intel is slated to report its second-quarter results after the market closes on Thursday.

Dow's Chemical Comeback

Chemical manufacturing powerhouse Dow has also made a strong impression, with its second-quarter earnings estimate more than doubling over the last three months. Analysts issued 25 upward EPS revisions against eight downward ones, now projecting earnings of $1.27 per share. The company's stock has seen a 27% increase in 2026 and offers an attractive 4.7% dividend yield. Last month, Dow committed $100 million through 2027 to expand its specialty silicones manufacturing capabilities, signaling strategic growth. Dow will release its earnings on Thursday morning.

Texas Instruments' Consistent Performance

Texas Instruments demonstrated impressive consistency, with 32 upward EPS revisions and only one downward adjustment over the past quarter. Analysts anticipate the semiconductor company will earn $1.92 per share, representing a solid 22.4% increase from three months prior.

Tesla's Robotaxi Bets Fuel Optimism

Electric vehicle pioneer Tesla also saw its EPS estimates raised by approximately 19% in the last three months, with 31 upward revisions outweighing 14 downward ones. The consensus estimate stands at 52 cents per share. In the second quarter, Tesla successfully manufactured over 450,000 units and delivered more than 480,000 vehicles. Investor attention for Tesla's Q2 earnings call, scheduled for Wednesday, is expected to center heavily on its robotaxi deployments, particularly the scalability of its fleet and expansion into new markets, as highlighted by Bank of America.