Yesterday's session brought a wave of Q2 earnings reports that set the tone for pre-market positioning today.

Alcoa ($AA) missed expectations with revenue of $3.97B against a $3.99B estimate and adjusted EPS of $2.12 versus $2.32 expected. The company also lowered its full-year alumina outlook.

Intuitive Surgical ($ISRG) delivered a solid beat, reporting revenue of $2.89B, up 19% year-over-year, with adjusted EPS of $2.80, representing 28% growth. Procedure growth remained robust across its da Vinci and Ion platforms.

Netflix ($NFLX) posted revenue of $12.56B, slightly below forecasts, though EPS came in ahead at $0.80. The company narrowed its full-year guidance while highlighting that ad revenue more than doubled year-over-year.

UnitedHealth Group ($UNH) significantly beat estimates and raised its full-year guidance, a standout performance in the healthcare sector.

TSMC ($TSM) reported strong results driven by AI and high-performance computing demand, raising its capital expenditure outlook.

On the calendar front, Amazon ($AMZN) confirmed it will report earnings after the close on Thursday, July 30.

Analyst notes included new coverage initiations and upgrades on names such as $FPS and $AVAV.

Traders are watching futures closely this morning for indications of how these results will influence the broader market at the 9:30 ET open. Earnings season remains the dominant narrative.