Wall Street Braces for Blockbuster Earnings Week as Eli Lilly, AMD, Caterpillar Lead the Charge

US markets face another pivotal week of corporate earnings beginning August 3, with five heavyweight names worth a combined $2.8 trillion set to report results that could reshape sentiment across pharma, semiconductors, and industrials.

Eli Lilly (NYSE: LLY), the world’s largest pharmaceutical company at roughly $1.03 trillion and trading around $1,152 a share, headlines the week when it reports before Wednesday’s open.

According to Yahoo Finance, analysts expect EPS of $6.71 on revenue of $20.26 billion, up 30.2% year-on-year, as the GLP-1 giant’s Mounjaro and Zepbound franchises continue to fuel growth despite mounting competitive pressure from Novo Nordisk.

Advanced Micro Devices (NASDAQ: AMD), now valued near $778 billion and changing hands around $477 a share after a blistering 12-month rally, reports Tuesday after the close.

Consensus estimates point to EPS of $1.29, with revenue tracking toward management’s own guidance of $11.2 billion (±$300 million) — implying roughly 46% annual growth as AI-chip demand accelerates.

Caterpillar (NYSE: CAT), worth close to $383 billion and trading near $815 a share, also reports Tuesday. Wall Street forecasts EPS of $6.25, up 32.4% from a year ago, on revenue of $19.31 billion, with data-centre power demand emerging as an unexpected tailwind for the industrial bellwether.

Merck (NYSE: MRK), at roughly $322 billion and priced around $130.55, reports Tuesday before the bell. Yahoo Finance shows a consensus loss of $0.26 per share against revenue of $16.33 billion, up 3.3% year-on-year, as Keytruda’s oncology strength offsets Gardasil softness.

Rounding out the top five, Palantir Technologies (NASDAQ: PLTR) — now near $295 billion and trading around $123 a share — kicks off the week Monday after the close. Analysts expect EPS of $0.35 on revenue of roughly $1.8 billion, extending its AI-fuelled growth streak.

With volatility elevated heading into results, traders should expect sharp intraday swings across these five bellwethers.