Mag 7 Members Are Shattering Quarterly Records

Core Insights - The 2024 Q4 earnings season has been solid, with strong performances from the Tech and Finance sectors, highlighted by record results from Meta Platforms, Apple, and NVIDIA [1][11] Meta Platforms (META) - Meta reported adjusted EPS of $8.02 and record sales of $48.4 billion, reflecting growth rates of 50% and 21% respectively, with net income reaching $20.9 billion, the highest ever for the company [2] - The advertising business performed well, generating revenue of $46.8 billion, exceeding consensus estimates and showing 20% year-over-year growth [3] - User growth continued, with Family Daily Active People (DAP) increasing by 4% year-over-year to approximately 3.4 billion, and average revenue per user rising by 41% year-over-year [4] Apple (AAPL) - Apple achieved adjusted EPS of $2.40 and sales of $124.3 billion, marking growth rates of 10% and 4% respectively, both figures being all-time records for the company [5] - iPhone sales totaled $69.2 billion, reflecting a slight decline of 1% year-over-year, which was below consensus estimates despite the introduction of Apple Intelligence [5] NVIDIA (NVDA) - NVIDIA reported quarterly sales of $39.3 billion, a 78% increase from the previous year, along with adjusted EPS of $0.89, which showed 71% growth year-over-year [7] - Data Center revenue reached a record $35.6 billion, up more than 90% year-over-year and 16% sequentially, surpassing consensus estimates by $2.0 billion [8]