Today: eBay (EBAY) and Netflix (NFLX) highlight this week's earnings reports, ahead of a big week that includes Apple (AAPL), Yahoo (YHOO), Facebook and Google (GOOG).

The Lead: AMD, eBay, Netflix, Juniper next up for earnings reports

Intel (INTC) kicked off Silicon Valley's earnings season last week when the Santa Clara chipmaker announced that its full-year revenues declined in 2013 and predicted a similar performance in 2014, but the action will get much hotter in the next two weeks as area tech companies release financial performance reports that will be factored into the annual SV150 index.


Advertisement

The SV150 is an annual accounting of the largest Bay Area technology companies based on revenues that uses the trailing four quarters that most closely mimic the calendar year, so this quarter's report will be the final piece to the puzzle for the 2014 index. For many companies in the SV150, the fourth quarter of the calendar year is also the largest of the year, thanks to holiday shopping, putting even more importance on the numbers.

One such company is Silicon Valley's most prominent e-commerce firm, eBay. The San Jose company will announce earnings Wednesday after predicting lower revenues than analysts expected for the holiday-shopping quarter, a forecast that may have been especially cautious because of the federal government shutdown that was then ongoing and causing consternation. One analyst believes eBay is close to announcing a new marketplace that will offer brands an eBay-branded online storefront separate from the company's traditional focus on small retailers and one-to-one sales.

Joining eBay on Wednesday will be Netflix, the Los Gatos video-on-demand company that recently picked up an Oscar nomination to go with its Emmy and Golden Globe wins. After failing to live up to its expectations for subscriber growth in 2012, Netflix has managed to grow its streaming subscription base while rolling out critically lauded original fare that has led to those groundbreaking awards. The company's stock responded with the best performance of any company in the Standard & Poor's 500, gaining nearly 300 percent in 2013, but CEO Reed Hastings cautioned in its most recent report that "momentum-investor-fueled euphoria" was affecting the company's shares. NPD Group reported Monday that Netflix has been gaining at the expense of HBO, Showtime and other cable-related offerings, however, and analysts are hoping that the company added even more than the 1.3 million new subscribers it collected in the third quarter.

Ahead of those two reports, Sunnyvale's Advanced Micro Devices will release fourth-quarter earnings on Tuesday, giving further insight into the semiconductor industry's 2013 performance after Intel's report. On Thursday, Juniper Networks will release financial information as it is targeted by investor Elliott Management for changes in its practices, and Intuitive Surgical will release final results after announcing last week that it performed better than the Sunnyvale company originally expected. SanDisk, Polycom and semiconductor stalwarts such as Fairchild and Cypress also plan to release earnings reports this week.

The final week of January contains the biggest fireworks, however, as Apple, Yahoo, Facebook and Google plan to offer reports on successive days. Apple plans to release its report on Monday, Jan. 27, with all eyes on the Cupertino company's holiday sales, which could set records for the third consecutive year; analysts expect Apple will top 50 million iPhone sales for the first time. Yahoo and Electronic Arts (ERTS) follow on Tuesday, with Facebook presenting Wednesday and Google finishing the week out on Thursday, when it will likely announce a revenue total that will place it ahead of Intel in the SV150 for the first time.

For coverage of Silicon Valley earnings season and the SV150, go to www.siliconvalley.com daily or sign up for the 60-second Business Break newsletter.

SV150 market report will return Tuesday; Wall Street was closed Monday for the holiday.

Check in weekday afternoons for the 60-Second Business Break, a summary of news from Mercury News staff writers, The Associated Press, Bloomberg News and other wire services. Contact Jeremy C. Owens at 408-920-5876; follow him at Twitter.com/jowens510.