There are four major tech names reporting earnings next week that I’ve put on my calendar, and you should too. After the Situational Awareness blow-up last week and the rout and rebound that followed, each of these four names has the potential to move the market. Three are tied directly to the AI trade, which has been on pins and needles lately; the fourth to the space economy, which has gone from jubilation to skepticism after SpaceX’s successful IPO has shed 1/3 of its value since going public.
Using Yahoo Finance’s AlphaSpace tool makes it easy to track each of these four earnings releases. Not only to get a summary of where each company sits today, but it also lets you download calendar reminders for each earnings event so you don’t miss any of the action. Let’s dive in.
Rocket Lab: Neutron Progress vs. Backlog Momentum
Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) reports Monday, August 10. The consensus earnings are -$.08 per share. Normal for a company trying to revolutionize space travel. The real numbers to pay attention to are revenue, the backlog, and Neutron progress. Fiscal Q1 brought in over $200 million in revenue, up an impressive 63.5% year over year. That beat expectations at the time. The all-important backlog climbed to $2.2 billion after 31 new Electron and HASTE deals, plus 5 Neutron signings. The guidance for Q2 calls for $225 – $240 million. Anything on the low side of that could send shares cratering as the narrative is now against the space economy.
Today, Shares sit around $65 a share, and down over a third in just the last month. That more or less perfectly mirrors the slide we’ve seen in SpaceX shares since IPO day. But some of it is unique to Roketlab as well. The Neutron debut slid to late 2026 after a stage-one tank test failure. I will be watching Sir Peter Beck’s Neutron timeline update, integration progress on Mynaric and Motiv, and framing around the Golden Dome Space-Based Interceptor selection with Raytheon. That’s a tall order, but as he said recently when comparing Rocketlab to SpaceX:
“We’re never gonna outspend them, so we have to have a high degree of cunning to be able to compete,”
I can think of no more difficult competitor to outfox.
Lumentum’s Margin Story Runs Into the CPO Ramp
Lumentum (NASDAQ:LITE) is one of the best-performing positions in The AI Investor portfolio, up over 830% since its first recommendation in late 2024. The company reports Tuesday, August 11th, and consensus earnings per share are $2.97. Revenue growth is extremely quick, and in Q3 the company posted a record $808.4 on the top line. That’s up just a tick over 90% YoY. Q4 guidance calls for $960 million to $1.01 billion in revenue and $2.85 to $3.05 in EPS.
Lumentum’s Optical Circuit Switch (OCS )backlog exceeds $400 million, and a multi-hundred-million-dollar CPO order is deliverable in 2027. As the hyperscalers continue to ramp their R&D forecasts (two exceed $200b over the next twelve months), investors should expect ongoing revenue and margin growth from Lumentum. The company trades at a steep valuation though, so any bumps in the road could send shares cratering as expectations reset. I will be watching whether margin expansion holds, hyperscaler tone from Michael Hurlston, and any early CPO shipment commentary.
CoreWeave Huge Backlog and Growing Losses, What Matters More?
CoreWeave (NASDAQ:CRWV) also reports Tuesday, August 11, with consensus EPS at -$1.45. The company has been all over the map with volatility, including soaring to 19.5% on August 3rd. Q1 revenue hit $2.08 billion, up over 110% year over year. The backlog hit a phenomenal $99.4 billion, including Meta’s $21 billion commitment, and is expected to blast through $100b in the next forecast as hyperscaler spend continues to ramp. But not all growth is good, and net losses are growing as well, widening to $740 million as interest expense doubled to $536 million, and CapEx hit $7.7 billion in a single quarter.
CoreWeave management did not issue formal guidance last quarter, so any structured outlook would matter. I will be watching interest expense trajectory, Meta ramp timing, the data center delays lawsuit, and whether Michael Intrator points toward a narrower loss path.
Coherent: Fourth Straight Beat on the Line
Coherent (NYSE:COHR) closes the week Wednesday, August 12, with consensus EPS at $1.62. Fiscal Q3 revenue was $1.806 billion, up 20.5% YoY, with EPS of $1.41, a fourth consecutive beat. Datacenter and Communications reached $1.362 billion, or 75% of revenue.
Q4 guidance calls for $1.91 billion to $2.05 billion in revenue and $1.52 to $1.72 in EPS. Shares trade at $262.89, up 42.43% YTD but down 28.69% over the past month. I will be watching InP capacity doubling progress, CPO and NPO commentary, an Industrial segment recovery from a -16.1% quarter, and how Jim Anderson frames the NVIDIA $2 billion investment.
Why the Week Matters
The AI trade has been the most profitable position of the last few years. Everything related to the buildout from interconnects to memory and power delivery has gone vertical. As capital expenditures continue to scale, the money must flow somewhere, and three of these positions can offer glimpses into where that money flows. And now that SpaceX has traded down materially since its IPO, the entire space economy investment is giving investors a better valuation than even 1 month ago. Stay tuned, and pay attention to the metrics above to see how each industry shakes out for investors in the second half of 2026