How earnings reports are performing in Trump's administration

Fiscal reports by some of America's largest companies are revealing a key trend in the economy in past months.

A Palantir logo.

Below are some of the many poor earnings reports reported by companies with high market caps:

• McDonalds; Q1 revenue fell 3.5%, net income fell 3.2%, and operating income fell 2.9%, far below investors' expectations. The stock, quite unexpectedly, sank.

• Palantir; Q1 earnings beat expectations by just over 1%, marking the lowest overperformance in years. Revenue rose 39.3%, far below investors' expectations for a rising star that was hopefully going to make exponentially higher gains due to its dabbling of AI and other technologies.

• Apple; Revenue rose 5.1%, and net income rose 4.8%, far below investors' expectations. The stock did fall, but did not plummet.

• Amazon; Revenue increased 8.6% and net income increased 64.2%, below expectations. Even worse, the company incurred a large debt of over $12 billion as it grapples tariff policies and other economic struggles.

There were some positive reports, though. Meta and Microsoft, two players of the Magnificent 7 companies, both beat investors' expectations by large margins.

However, this general trend is worrying because it shows that, so far into Trump's administration, companies are falling behind expectations as they grapple tariff policies, foreign resilience against American goods, and rising prices.