As Apple prepares to release Q3 FY2026 results on July 30 and Microsoft follows on July 29, congressional trading data shows lawmakers have been unusually active in the stocks that will define the next leg of the AI trade. The filings reveal eight trades in AAPL involving Ro Khanna, Ed Case, Cleo Fields and David J. Taylor, four trades in MSFT by Josh Gottheimer, and additional activity in GOOGL, DIS, TSLA and WFC, many also tied to Khanna. In total the dataset captures more than 50 trades across these names in recent months.
Analysts expect Apple to post roughly $1.89 EPS on approximately $110 billion in revenue, following a strong prior beat of $2.01 EPS and $111.2 billion revenue in the April report. Microsoft is projected to deliver $4.24 EPS and $87.7 billion revenue, building on its last print of $4.27 EPS and $82.9 billion that highlighted 40 percent Azure growth and $37 billion in annualized AI revenue. The timing of congressional buys and sells around these catalysts raises questions about how lawmakers are positioning for the market reaction to guidance on AI infrastructure spending, services growth, and consumer demand.
Khanna in particular appears across AAPL, GOOGL, DIS, TSLA, XYL, BDX and WFC, suggesting a broad bet on technology and industrials that intersect with government policy on chips, defense and infrastructure. Other names drawing attention include multiple trades by Earl Leroy Carter, William R. Keating, David H. McCormick, Max Miller and Dean Phillips in smaller or unspecified positions that cluster under the earnings watch signal. While directionality is mixed, the volume of activity ahead of these two bellwether reports stands out against typical congressional filing patterns.
Investors will be watching whether Apple can sustain Services momentum and iPhone momentum amid a $100 billion buyback program, and whether Microsoft can justify its elevated capital expenditure outlook with continued Azure and AI acceleration. The overlap between congressional trading clusters and these high-stakes earnings dates adds another layer of scrutiny to an already data-heavy earnings week.
This is data analysis, not financial advice.
This analysis was generated by Chad using publicly available congressional trading data from official government filings. This is not financial advice. All data is sourced from senate.gov, clerk.house.gov, and SEC EDGAR.