
Trying to Save Energy? Try an Air Fryer Instead of Your Big Oven
Lately, I've found yet another reason to be obsessed with the smaller, faster, countertop convection oven: it helps me save on energy -- and money.
Curious about how much you can actually save using an air fryer instead of a regular wall oven? I crunched some numbers. Turns out, air fryers use about half the energy as a wall oven. And that's not even counting the fact that they cook food faster and don't need much (if any) preheating.
Here's a look at how I came up with those numbers and what kind of savings you might see by swapping your oven for the air fryer.
Cost of oven versus air fryer
Gas oven Electric oven Air fryer Cost per hour of cooking 40 cents 52 cents 25 cents
How much energy does an air fryer use?
The exact savings will be different for everyone since energy prices vary depending on where you live in the U.S. Plus, ovens aren't all the same—newer ones are usually more efficient and use less gas or electricity. For this little breakdown, we're going to use some averages and rough estimates to get an idea of how much you could save by choosing the air fryer over the oven. And honestly, cutting energy costs is just one of many reasons we think air fryers are totally worth it.
So how did we get these numbers? The easiest way to figure out how much an air fryer might save you versus a big oven was to calculate the wattage pulled per hour versus how much an electric stove would use. The same goes for a gas oven, although for that you need to figure out the amount of natural gas used for a stove as well as the cost of natural gas in your state.
Don't worry. We did the hard part.
How much energy do wall ovens use?
Ovens have become more energy efficient but they still can't hold a candle to air fryers.
Samsung
Depending on what type of oven you have, gas or electric, operating costs will vary since natural gas prices and electricity costs vary rather dramatically by state and service provider. Both use a similar amount of energy and have somewhat similar upfront costs, if you own an older oven there's a good chance it's less energy-efficient than a newer model.
How much energy does a gas oven use?
Natural gas-powered ovens are thought to cause health complications among children.
KitchenAid
To calculate the operating cost of your gas stove and oven, we take the energy rating of the oven in Btu and divide it by 100,000. Multiply the result by the cost per therm of natural gas in your state, which varies greatly, then multiply by the number of hours the oven is used. You should be able to find the energy rating of your oven online if you know the model name or number. It is likely somewhere on the unit itself. If you still have the owner's manual, you can find the energy rating there, measured in Btu.
To calculate the operating cost of an 18,000-Btu oven, you'll divide 18,000 by 100,000, giving you 0.18. We'll also need to find the average price per therm of natural gas in your state. This chart has the most recent prices via the US Energy Information Administration. Note that this chart is listed in dollars per thousand cubic feet, so you'll need to divide by 10. For instance, if the chart price is $23, you'll use $2.30 to calculate the cost.
Your wall oven, especially if it's an older model, is one of the bigger energy draws in the home.
Mary King
In New York where I live, the price is currently $2.20 per therm (about average for the US). Next, we'll multiply that price for a therm by the number you calculated in the last step (0.18 in this example) to get the operating cost per hour of using your gas oven.
For me, it would cost about 40 cents per hour to run an 18,000-Btu oven. If I were to run an oven for 1 hour per day, it would cost $146 per year. In some states (including Georgia, Florida and Ohio), natural gas is about 30% higher than the national average. In Hawaii, it's more than double.
How much energy does an electric oven use?
In New York, an electric oven costs about 50 cents an hour to run.
Chris Monroe/CNET
To determine electric stove consumption you'll calculate the wattage pulled per hour of cooking. Most electric ovens draw around 3,000 watts, depending on the temperature. Once you find the wattage of your oven via the appliance tag, owner's manual or an online product listing, multiply that by the number of hours you use the oven each day (we'll use 1 hour for this calculation), then divide by 1,000 watts to find the kilowatt-hours (kWh) of electricity used.
Next, find the average price per kWh of electricity in your state. For that, you can consult this chart that has the 2023 prices listed in cents per kWh. The prices for 2021 won't be released until December 2022, but if you do some web searching, you should be able to find the latest figures. Multiply that amount by the number you just calculated (3 kWh in this example) to determine your operating cost per day.
Working with New York's current electricity rate of 18 cents per kWh, a 3,000-watt oven would cost about 54 cents per hour when run at high heat. If I used my oven for roughly 1 hour per day for one year that would equal roughly $197 per year. This cost doesn't include energy used by the range and burners.
A standard 1,500-watt air fryer has both gas and electric ovens beat handily when it comes to energy efficiency.
Cosori
How much energy does an air fryer use?
Air fryers are electric appliances, so we can use the same methodology as above to find the operating cost. The wattage for air fryers varies and larger models will use more energy, but a standard 4-quart fryer such as this Ninja (our top-rated model) uses about 1,500 watts.
Considering that's exactly half the wattage pull of the average full-size oven from our stove calculation, we can project that the air fryer will use roughly half as much electricity to operate.
Using New York's electricity prices, we safely say a standard 4-quart air fryer will cost about 27 cents per hour to run. That's 50% more energy-efficient than the average full-size electric oven and about 35% more efficient than the average gas oven (calculated with New York state's average energy costs).
Ninja's 4-quart air fryer oven is one of the best we've tested.
CNET/Ninja
How much money can you save using an air fryer?
Cost of 300 hours of cooking with a gas oven on high heat: $153
Cost of 300 hours of cooking with an electric oven on high heat: $162
Cost of 150 hours of cooking with an air fryer: $40
These numbers are a rough estimate, of course. The numbers will vary based on your state's energy cost, how much cooking you do in a year, what temperature you're cooking at and the type and size of oven you're using.
That's only half of the equation. Air fryers are even more energy- and cost-efficient than these raw numbers illustrate.
Here's why…
Air fryers do the work of wall ovens in less time and using less energy.
David Watsky/CNET
Air fryers cook faster than big ovens
Because of the smaller cooking chamber and superconvection (intense fan blowing heat into food), air fryers generally cook foods much faster than your traditional gas or electric stove, often in about half the time it takes to make a similar recipe in a full oven.
Below are some examples of cooking times for air fryers versus stoves. The cooking website Taste of Home compiled a list of average air fryer cooking times for popular foods. We compared those with standard cooking times pulled from Food Network recipes for oven-baked or oven-roasted versions of those foods.
Cooking times: Air fryer versus oven Food Temperature Air fryer cooking time (mins) Oven cooking time with preheat (mins) Chicken thighs 400 F 20-25 40 Chicken wings 375 F 10-12 40 Chicken breast 375 F 23 30 Salmon 400 F 5-7 12-15 Brussels sprouts 350 F 15-18 40 Bacon 400 F 5-10 20 Cauliflower 400 F 10-12 20 French fries (from scratch) 400 F 10-20 40-45 French fries (frozen) 400 F 6-8 18-20
Air fryers don't need to preheat either
Don't forget most air fryers also don't require any preheating time, making them even more efficient. The average full-size oven takes at least 10 minutes to preheat but usually more like 12 to 15 minutes. Preheating requires as much (or more) energy as actual cooking. In the chart above, I added a modest 10 minutes to each of the oven cooking times to account for preheating.
If you consider that an air fryer does the work of an oven in half the time (even faster when you include preheat time), 300 hours of cooking in a standard oven in a year would likely take fewer than 150 hours when done in an air fryer.
Chicken wings made in an air fryer are extremely tasty and cook in half the time.
Brian Bennett/CNET
Easy Ways to Lower Your Utility Bills and Save Money Easy Ways to Lower Your Utility Bills and Save Money
Click to unmute
Video Player is loading.
Play Video
Play
Skip Backward
Skip Forward
Next playlist item
Unmute
Current Time
0:00
/
Duration
8:13
Loaded :
7.24%
0:00
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
8:13
Share
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color White Black Red Green Blue Yellow Magenta Cyan
Opacity Opaque Semi-Transparent Text Background
Color Black White Red Green Blue Yellow Magenta Cyan
Opacity Opaque Semi-Transparent Transparent Caption Area Background
Color Black White Red Green Blue Yellow Magenta Cyan
Opacity Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset Done
Close Modal Dialog
End of dialog window.
Close Modal Dialog
This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
Close Modal Dialog
This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
Easy Ways to Lower Your Utility Bills and Save Money
Before we get carried away…
An air fryer is not a pound-for-pound replacement for an oven. There are plenty of foods that you probably won't want to cook in an air fryer. Others just plain won't fit in a standard air fryer. Certain models are spacious enough to cook a whole chicken, but for larger roasts, a Thanksgiving turkey or that Sunday lasagna -- not to mention most baking projects -- your air fryer may not be the best option.
For someone who doesn't bake much or cook whole turkeys and racks of lamb on the regular, an air fryer can shoulder a whole lot of the cooking that your more expensive, less energy-efficient oven has been handling.
Don't throw your big oven away just yet. You'll still want it to cook that Sunday lasagna and a turkey on Thanksgiving.
mphillips007/E+/Getty Images
The best reason to use an air fryer isn't the savings
An air fryer won't cook everything better than your oven, but there are some air fryer foods that a big oven can't touch. Because air fryers cook so fast and at high temps, foods like chicken wings, french fries and most frozen apps will get crispy on the outside without drying out inside the way they might when stuck in the large oven for 30 or 40 minutes.
As mentioned, air fryers don't require any preheating time either. Most of the models I've used are also extremely simple to operate, safe even for children to use and easy to clean.
The Instant Pot air fryer lid turned out some excellent fried chicken in about 20 minutes. Can your big oven do that?
David Watsky/CNET
Bonus: Air fryers are cheap
You can pay in the hundreds for an air fryer but many of the best ones we tested are less than that. You can pick up our favorite air fryer, the Ninja 4-quart, for $100, or cheaper if you find it on sale. Our favorite budget air fryer, the Gourmia 4-quart, can be found for just $60.
If you're curious, Instant Pots and multicookers also use significantly less energy than an oven. If you have an Instant Pot but no air fryer, you can snag the Mealthy air-frying lid for $85 or the Instant Pot's lid attachment for Instant Pot's lid for $50.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
MrBeast CEO and 'Beast Games' winner rally brand partners and rare disease support on Wall Street
NEW YORK (AP) — MrBeast's new CEO hit Wall Street Wednesday as YouTuber Jimmy Donaldson's media empire looks to develop long-term brand partnerships and, in turn, unlock more funding for its charitable content. Venture capitalist Jeff Housenbold took over MrBeast leadership last summer with a mandate to professionalize an ever-growing entertainment company. YouTube's most popular creator had reached record audience levels far outpacing its startup days, while vowing to reassess its internal culture amid multiple controversies. But, despite joining Nasdaq's closing bell ceremony on Wednesday, Housenbold said their strategic plan does not currently include a public offering — or any active funding rounds. 'Do I want to make banger content? Yeah. That's cool," Housenbold told The Associated Press. "But what can we do with that banger content? Generate profits, make a sustainable business that gives us greater ability to impact people's lives around the world.' 'We're marching quickly to profitability, so we don't have to raise additional capital,' he added. Instead, MrBeast is focused on securing multi-year exclusive advertising deals as opposed to single-video brand partnerships. With 416 million subscribers and legions of impressionable young fans, Housenbold argued that MrBeast is uniquely positioned to deliver more bang for companies' marketing bucks by pointing that 'firehouse of attention' at them. Along the way, Housenbold said he is encouraging Donaldson to tout the channel's charitable works — which often feature quantifiable stunts such as building wells, removing ocean plastic or covering cataract surgery costs. The company, in his view, 'can do good while doing well.' 'The more people who like us 'cause we do good, the more people watch our videos," he said. 'The more people watch our videos, the more we're able to drive in fees from our advertising partners... the more we can invest in more content to do more good in the world.' New projects such as the Amazon Prime reality show and a James Patterson novel from HarperCollins aim to diversify the genders and ages of his audience. Housenbold said that base has historically consisted mostly of 8-to-25-year-olds and men. But Housenbold acknowledged missteps in last year's production of 'Beast Games," which prompted allegations of 'unsafe' conditions from some contestants who said an unorganized set led to injuries, irregular food provision and lacking access to medication. While describing most of those reports as 'inaccurate,' Housenbold said they were 'better prepared' for the second season's recently wrapped shoot. 'Building sets for a 10-episode show is different than a 22-minute YouTube video," he said. "The scale, the size, the sophistication, the safety, the security, the cost effectiveness of doing that. We didn't staff up enough for Beast Games.' Ringing Nasdaq's closing bell Wednesday with Housenbold was the winner of the $10 million grand prize awarded in that inaugural 'Beast Games' season. Jeffrey Allen, the father of a child with creatine transporter deficiency, has promised to put some of his winnings toward existing treatments and research for a cure to the rare genetic disorder. He said the Association for Creatine Deficiencies, where he is a board member, added 1,000 new donors in the weeks following the final 'Beast Games' episodes' release. He hopes Wednesday's visit will draw more attention and money to all rare diseases. 'This is where companies that are bringing true change to the marketplace come to listen to other companies," Allen said. "So, there's no better place for a budding rare disease nonprofit to come and show, 'Hey we're trying to change the world, too.'' ___ Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit James Pollard, The Associated Press
Yahoo
23 minutes ago
- Yahoo
Texas A&M's collie mascot Reveille X has eye removed after glaucoma diagnosis
COLLEGE STATION, Texas (AP) — Reveille X, Texas A&M's border collie mascot, had her right eye surgically removed after veterinarians diagnosed her with glaucoma, the university's president said Wednesday. The collie — also known as the 'First Lady of Aggieland' — was diagnosed with glaucoma after experiencing discomfort and cloudiness in her right eye, President Mark A Welsh III said in a message on the school's website. The veterinary team removed the eye out of an abundance of caution after discovering signs of abnormal tissue, he said. 'I'm grateful to report that Miss Rev has come through the surgery successfully, has been discharged and is resting comfortably,' Welsh said. Texas A&M's Reveille mascot dates back to 1931, when a group of cadets found an injured dog and sneaked her on to campus. The dog barked when buglers played morning reveille, earning her the Reveille name. Reveille X took over as the latest iteration of the mascot in 2021. A souped-up golf cart known as 'Rev Force One' helps transport the collie across campus. Welsh said Reveille will take a brief hiatus from engagements as she recovers. 'According to her veterinary team, we can expect Miss Rev to be back to enjoying all her favorite activities — cruising on Rev Force One, attending classes, cheering on the Aggies and keeping our campus squirrels in line — this fall,' he said. Solve the daily Crossword
Yahoo
23 minutes ago
- Yahoo
Earnings live: Tesla results miss, Google boosts AI spending, Chipotle plunges
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. This week, investors will get a glimpse of how corporate leaders are navigating these challenges, with 112 S&P 500 companies reporting results, including GM (GM), Coca-Cola (KO), Alphabet (GOOGL, GOOG), and Tesla (TSLA). Data from FactSet published Friday showed that with 12% of the index having reported results, analysts now expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter. Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023. Here are the latest updates from corporate America. Tesla misses on Q2 earnings, but says 'more affordable' model planned for 2025 production Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss. Here's a look at the top takeaways investors were watching in Tesla's results: The core auto business: Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. The cheap EV: Tesla said its "more affordable" model was still slated for 2025 production. "We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement. A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year. There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives. Robotaxi rollout Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Read more here. Google beats on Q2 earnings but increased capex spending sends stock lower Google parent Alphabet (GOOG, GOOGL) reported a top- and bottom-line second quarter beat and said capital expenditures will climb to $85 billion, $10 billion more than Google previously projected. Google stock initially moved lower following results but reversed higher as the earnings call kicked off. Yahoo Finance's Dan Howley reports: Read more here. Chart: Chipotle foot traffic declines for second straight quarter Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Southwest misses profit expectations as weak domestic demand erodes fares Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Wall Street looks to Google's earnings call for details on higher-than-expected capex number Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Mattel stock falls after the toymaker posts steeper sales decline than expected Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Chipotle plunges after company reports second-straight sales decline, cuts guidance Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. IBM results beat estimates on AI mainframe refresh, consulting revival Reuters reports: Read more here. T-Mobile dials up a big earnings beat, stock jumps T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. ServiceNow jumps after big earnings beat ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. Chipotle expected to report 2nd straight sales decline as stock lags in 2025 Yahoo Finance's Brooke DiPalma reports: Read more here. Freeport-McMoRan beats quarterly profit on higher copper and gold prices Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier. But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty. The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence. Reuters reports: Read more here. GE Vernova raises annual forecasts after second quarter profit beat GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion. The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation. Reuters reports: Read more here. AT&T delivers earnings, subscriber beat but the stock is sliding AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. Hasbro lifts annual revenue forecast on strong demand for 'Magic: The Gathering' games Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. Reuters reports: Read more here. Hilton lifts 2025 profit forecast on US demand recovery Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April. Shares in the hospitality group fell 2% before the bell on Wednesday. Reuters reports: Read more here. Trump bill winner: AT&T I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases. AT&T (T) looks like it stands to cash in! What they highlighted on their earnings release this morning: Texas Instruments under a dark cloud Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished. Good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON). Google set to report Q2 earnings as Wall Street looks for AI revenue gains Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization. My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results: Read more here. Tesla Q2 earnings preview: 3 things to watch Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here. Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss. Here's a look at the top takeaways investors were watching in Tesla's results: The core auto business: Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. The cheap EV: Tesla said its "more affordable" model was still slated for 2025 production. "We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement. A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year. There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives. Robotaxi rollout Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Read more here. Google parent Alphabet (GOOG, GOOGL) reported a top- and bottom-line second quarter beat and said capital expenditures will climb to $85 billion, $10 billion more than Google previously projected. Google stock initially moved lower following results but reversed higher as the earnings call kicked off. Yahoo Finance's Dan Howley reports: Read more here. Chart: Chipotle foot traffic declines for second straight quarter Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Southwest misses profit expectations as weak domestic demand erodes fares Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Wall Street looks to Google's earnings call for details on higher-than-expected capex number Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Mattel stock falls after the toymaker posts steeper sales decline than expected Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Chipotle plunges after company reports second-straight sales decline, cuts guidance Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. IBM results beat estimates on AI mainframe refresh, consulting revival Reuters reports: Read more here. Reuters reports: Read more here. T-Mobile dials up a big earnings beat, stock jumps T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. ServiceNow jumps after big earnings beat ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. Chipotle expected to report 2nd straight sales decline as stock lags in 2025 Yahoo Finance's Brooke DiPalma reports: Read more here. Yahoo Finance's Brooke DiPalma reports: Read more here. Freeport-McMoRan beats quarterly profit on higher copper and gold prices Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier. But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty. The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence. Reuters reports: Read more here. Freeport-McMoRan (FCX) shares fell 1% at the open on Wednesday after second quarter copper production dropped about 7% from a year earlier. But higher copper, gold, and silver prices helped offset lower production. Year to date, gold (GC=F) is up more than 30%, silver (SI=F) has risen 36%, and copper (HG=F) has climbed 44% amid tariffs and broad geopolitical uncertainty. The company reported an adjusted profit of $0.54 per share in Q2, beating estimates of $0.45, according to S&P Global Market Intelligence. Reuters reports: Read more here. GE Vernova raises annual forecasts after second quarter profit beat GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion. The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation. Reuters reports: Read more here. GE Vernova (GEV) stock rose nearly 4% on Wednesday after delivering a revenue and profit beat. The power equipment maker, which spun off as part of a three-way split of General Electric last year, also raised its current-year free cash flow forecast by $1 billion to target between $3 billion and $3.5 billion. The company did forecast a $300 million to $400 million hit from President Trump's tariffs and the resulting inflation. Reuters reports: Read more here. AT&T delivers earnings, subscriber beat but the stock is sliding AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. AT&T (T) stock fell over 3% in premarket trading despite the telecom provider reporting a huge subscriber beat. Reuters reports: Read more here. Hasbro lifts annual revenue forecast on strong demand for 'Magic: The Gathering' games Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. Reuters reports: Read more here. Toymaker Hasbro (HAS) stock rose 3% on Wednesday after it raised its annual revenue forecast due to strong demand for its game "Magic: The Gathering" as well as cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. Reuters reports: Read more here. Hilton lifts 2025 profit forecast on US demand recovery Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April. Shares in the hospitality group fell 2% before the bell on Wednesday. Reuters reports: Read more here. Hilton Worldwide (HLT) raised its profit forecast for 2025 after US travel demand bounced back from a slow March and April. Shares in the hospitality group fell 2% before the bell on Wednesday. Reuters reports: Read more here. Trump bill winner: AT&T I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases. AT&T (T) looks like it stands to cash in! What they highlighted on their earnings release this morning: I would keep an eye on companies calling out the financial impact of the new Trump tax bill on their earnings releases. AT&T (T) looks like it stands to cash in! What they highlighted on their earnings release this morning: Texas Instruments under a dark cloud Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished. Good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON). Given how hard the market has rallied, any company reporting guidance that is perceived as subpar will get punished. Good example of that will play out with Texas Instruments (TXN) in today's session. The stock is getting pounded in premarket by 12% on 3Q EPS guidance that was 14 cents below consensus on the low end. TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON). Google set to report Q2 earnings as Wall Street looks for AI revenue gains Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization. My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results: Read more here. Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization. My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results: Read more here. Tesla Q2 earnings preview: 3 things to watch Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here. Tesla (TSLA) is slated to report second quarter earnings on Wednesday against an uncertain backdrop for its core auto business and robotaxi rollout. Tesla stock pared some of its losses earlier in the year, as tariffs and a volatile relationship between CEO Elon Musk and President Trump weighed on the company. But the stock is still down about 17% year to date. Yahoo Finance's Pras Subramanian previews three key areas to watch when the EV maker reports: Read more here.