30/04/2026
After the Bell: Big Tech Earnings Just Dropped: Winners, Warnings, and the AI Arms Race 🔥
Alphabet (GOOGL) crushed it.
Meta beat but got punished.
Amazon strong, yet spooked the street.
Microsoft… in-line but lagging.
Here’s the quick wrap:
✅ GOOGL: The Clear Winner
Revenue: $109.9B (beat) | EPS: $5.11 (destroyed estimates)
Google Cloud exploded +63% to $20B. Backlog nearly doubled to $460B.
Search at all-time highs with AI firing on all cylinders.
Stock +5–7% after hours. Ex*****on matters.
⚠️ META: Beat, Then Bloodbath
Revenue $56.3B (+33% YoY), EPS $10.44. Ad business still ripping.
But capex guidance jacked to $125–145B (way above consensus) and DAUs dipped for the first time ever.
Stock -5–7%. Market is officially tired of unlimited spending promises.
✅ AMZN: AWS on Fire, Capex on Steroids
EPS $2.78 (huge beat), AWS +28% — fastest growth in 15 quarters.
But Q1 capex hit $44.2B (+77% YoY). Full year still tracking ~$200B.
Stock -2.6%. Investors love the acceleration, fear the burn.
🟡 MSFT: Solid but Losing Relative Ground
Azure +39–40% (in line), Copilot at 20M paying users.
Yet peers accelerated harder. Capex came in lighter than feared, but the OpenAI deal restructure removes exclusivity. Stock edged lower.
The Big Picture
Four of the biggest companies on Earth just committed (or reconfirmed) to hundreds of billions in AI infrastructure. Combined hyperscaler capex is barreling toward $700B+ this year.
The market is now splitting the verdict clearly:
✅ Reward strong ex*****on + returns
❌ Punish vague, ever-escalating spend with no near-term payoff
The AI race is accelerating, but investor patience is not.
Who’s positioning best for the next 12–24 months?
