Zacks Flags 4 Internet Stocks to Beat Q2 Earnings as AI Capex Tops $720 Billion
Updated
Updated · TradingView · Jul 22
Zacks Flags 4 Internet Stocks to Beat Q2 Earnings as AI Capex Tops $720 Billion
1 articles · Updated · TradingView · Jul 22
Summary
Block, Unity Software, Amazon and Arista Networks screen as likely Q2 2026 earnings beaters under Zacks' model, which favors a positive Earnings ESP plus a Rank of 1 to 3.
Roughly $720 billion to $725 billion in 2026 capex from Amazon, Alphabet, Meta and Microsoft underpins the call, with cloud demand, AI monetization and agentic commerce seen carrying sentiment through the quarter.
Arista shows the highest Earnings ESP at +3.08%, followed by Unity at +2.74%, while Amazon is due July 30, Arista Aug. 4, Block Aug. 5 and Unity Aug. 6.
Company-specific drivers include AWS growth and Alexa for Shopping at Amazon, AI seller tools and Uber expansion at Block, Vector-led margin improvement at Unity, and 1.6-terabit AI networking products at Arista.
The broader sector backdrop is shifting from proving AI demand to proving revenue conversion, with resilient digital advertising and direct AI-assisted shopping emerging as the next tests for internet stocks.