Big Tech Earnings Report: Meta’s AI spending peaks with no roadmap; Alphabet, Amazon, Microsoft win investor confidence
Four major tech companies, Alphabet, Amazon, Meta, and Microsoft, reported their quarterly earnings, with all beating Wall Street's revenue estimates. Meta's shares fell 4-7% after raising its 2026 capex guidance to $125-145 billion without a clear monetisation roadmap.
Four major tech companies, Alphabet, Amazon, Meta, and Microsoft, reported their quarterly earnings on April 29. All four beat Wall Street's revenue estimates. Meta's Q1 revenue was $56.31 billion, up 33% from a year earlier, but its shares fell 4-7% after raising its 2026 capex guidance to $125-145 billion. Alphabet's Q1 revenue was $109.9 billion, up 22% from a year earlier, and its shares surged nearly 7% in after-hours trading. Microsoft's revenue was $83 billion, a 16% increase from the same period last year, but its free cash flow fell to $15.8 billion. The four companies are on track to spend a combined $650 billion on artificial intelligence infrastructure in 2026.
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