Intel (INTC): Intel, like many of its peers, has shifted its focus away from its waning legacy business toward high growth markets such as AI, IoT Data Centers and Security. Last quarter the company saw these segments jump on a year over year basis with expectations to do the same on Tuesday. Client Computing was one of the lone sore spots in the second quarter report, declining 3% on a sequential and year over basis. While it’s safe to remain cautious about the PC market, management expects PC related sales to show some improvement this quarter.

Intel faces a number of imminent threats that could put pressure on earnings for multiple quarters. Google, IBM (IBM) and seven others have joined hands to take on Intel’s Data Center Group. The consortium includes many large well known companies and some smaller ones. Its impact on Intel remains to be seen but management would be wise to not take it lightly. Meanwhile, Apple (AAPL)  is rumored to be replacing Intel chips in all of its Macbooks. This would be a near term blow but not one that would significantly cripple the company.

Currency headwinds and economic uncertainty in Europe are among the broader concerns facing the tech space, Intel included. Intel has a large presence worldwide which means they are susceptible to compressed earnings from the strong dollar. It appears as though more factors are working against Intel then for them, despite increasing optimism heading into its report.

Yahoo (YHOO): Yahoo’s earnings woes have been well documented over the years. User engagement and ad revenue have continually declined as consumers shift their focus to more mainstream platforms particularly Facebook (FB) and Google (GOOGL). This has resulted in declines across the board most notably in core search and display revenue. Last quarter posted a 13% decline in search revenue and 21% in display compared to the second quarter of 2015. It won’t be shocking if this continues to drop given the massive breach on the platform.

Amid this pressure, Yahoo is working on closing a deal with Verizon (VZ) for an estimated $4.8 billion. There were rumors that Verizon would seek concessions from the breach but that was later rebuffed by Verizon’s CEO. Yahoo decided to scrap its earnings call this quarter as the deal remains in flux. Regardless of what materializes, Yahoo still remains an old technology business in a rapidly changing environment.

Intuitive Surgical (ISRG): Intuitive Surgical has been fortunate to have found success with its da Vinci surgical systems. In each of the past 3 quarters, the company has posted double digit gains on both the top and bottom line. Q2 in particular saw worldwide da Vinci procedures grow by 16% compared to the second quarter of 2015. This was primarily driven by an increase in general surgery and urologic procedures in the U.S. Shipments of its flagship product also rose to 130 systems compared to 118 in the second quarter of 2015.

Minimally invasive robotic surgeries are still in their early stages, leaving Intuitive Surgical with a lot room to run. The company makes its biggest margins from new accessories such as the Xi Vessel Sealer, Xi Firefly and Xi Stapler. If system wide sales continue to grow at their current pace and Intuitive Surgical can capitalize on global expansion, then sky’s the limit for earnings potential. Health Care equipment in general is expected to do well in Q3, with earnings anticipated to increase 8.5% YoY. With 20 million more Americans insured in the US thanks to the Affordable Care Act, demand for health care services is picking up.

Cree (CREE): Shares of Cree are down 7% year to date after a string of weaker than expected earnings. Cree closed its fiscal 2016 quite a sour note with declines across key financial metrics. Revenue, margins, cash and investments, and accounts receivable decreased on both a sequential and year over year basis. Analysts are forecasting significant declines this upcoming quarters as a result of this ongoing weakness. Compared to a year earlier, current estimates reflect a 47% decline on the bottom line and 24% on the top. Historically shares drop 3% immediately following an earnings report but given the way things have been trending, investors should expect larger losses.