Earnings This Week: ASML, TSMC, Alphabet and Tesla All Report (July 2026)

Earnings season kicks into gear this week, and the calendar is stacked. ASML and Johnson & Johnson report today, TSMC follows on Thursday, and next Wednesday brings a double bill of Alphabet and Tesla. Here is what the data says about each name before the numbers land, using fund filings, congressional disclosures and discounted cash flow models from our database.

Today: ASML and Johnson & Johnson

ASML is the most interesting print of the day. It scores 95 out of 100 on our moat score, tied for the highest in our coverage, which makes sense for a company with a monopoly on EUV lithography. Analysts expect earnings per share to grow about 36% this year, and 15 covering analysts rate it a strong buy. The catch is the price. At $1,775.64, the ADR trades at roughly 61 times earnings, and our DCF model puts fair value at $1,255.64. That does not mean the stock falls. It means the market is paying up for growth the model does not assume. If guidance disappoints, there is a long way down to the model's estimate.

Johnson & Johnson is the opposite kind of report. A 76 moat score, a 2.07% dividend yield, and an overall rating of 70 in our system. Twenty-eight of the funds we track hold it, with combined positions worth about $8.3 billion. Congress has been active too: nine disclosed trades in JNJ since the start of April, four of them purchases. At $253.85 against a DCF fair value of $168, the market is again paying a premium to what a conservative cash flow model supports.

Thursday: TSMC

TSMC is the one name this week where our model and the market point the same direction. The Taipei listed shares trade at NT$2,450 against a DCF fair value of NT$2,835.91, implying about 16% upside. It carries a 95 moat score, an overall rating of 76, and 34 analysts rate it a strong buy with expected EPS growth near 28% this year. The US listed ADR is held by 57 of the funds we track, worth about $41 billion combined, a list that includes Duquesne Family Office, Third Point and Tiger Global. You can see the full holder list on the [guru tracker](/app/gurus).

Next Wednesday: Alphabet and Tesla

Alphabet is the single most widely held stock among the funds we follow: 71 holders with combined positions of about $84.5 billion, at an average portfolio weight of 3.47%. Berkshire Hathaway, Pershing Square and TCI are all on the list. Congress likes it too, with 18 disclosed trades since April, nine of them buys. You can browse those filings on the [congressional trades page](/app/capitol). The stock has run hard: at $359.51 it trades at about 27 times earnings, well above our DCF fair value of $205. The smart money clearly believes the cash flows will outrun a conservative model.

Tesla is the week's biggest gap between price and model. At $396.18 the stock trades at roughly 371 times trailing earnings, while our DCF puts fair value at $190. Twenty-seven tracked funds still hold it, worth about $13.3 billion, and Congress disclosed 11 trades since April with six purchases. Expected EPS growth of about 20% this year is strong, but at this multiple the market is pricing in far more than one good year.

The sleeper: Infosys

If you want a name reporting next week that screens cheap rather than expensive, look at Infosys, which reports on July 23. It trades at 14.1 times earnings with a 4.68% dividend yield, carries a 70 moat score and an overall rating of 82, one of the highest in our coverage. Our DCF fair value of Rs2,349.60 sits far above the Rs1,080.50 share price. You can find names like this yourself with the [stock screener](/app/screener), which covers 17 markets including India.

Read the caveats before you act

Three honest warnings. First, 13F filings are up to 45 days stale by the time they publish, and they only show long US equity positions, so a fund may have sold or hedged since. Second, congressional disclosures report dollar ranges, not exact amounts, and often arrive weeks after the trade. Third, a DCF is a model built on assumptions about growth and discount rates. When our fair value sits far below the market price, as with ASML, Alphabet and Tesla, that is a statement about assumptions, not a prediction of a crash.

Earnings weeks like this one are when those gaps get tested. A strong guide can justify the premium. A weak one reminds everyone why the model was conservative. If you want fair values, fund positions and congressional trades in one place, you can [create a free account](/register).

The bottom line

This week's earnings will reveal whether the market's premium valuations on ASML, Alphabet and Tesla rest on real growth or mere momentum. TSMC is the rare name where price and fundamentals already align; Infosys offers the opposite thesis for those hunting for value. Watch the guides.

This is educational information, not financial advice. Do your own research before making any investment decision.