Alphabet’s growth comes with a capex bill
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 February 2026
⏱️ 6 minutes
🧾️ Download transcript
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Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Thursday, February 5th. I'm Julie Morgan. |
| 0:13.9 | Alphabet stock is 2% lower in pre-market action after closing 2% in the red on Wednesday. |
| 0:23.1 | The company reported earnings that saw revenues overall grow 18% to $113.8 billion, topping expectations for 111.5 billion. This was due to |
| 0:33.8 | accelerating growth in Google services and the increasingly important Google Cloud. |
| 0:39.1 | As with the other big tech bellwethers, investor focus was heavily on artificial intelligence |
| 0:44.4 | spending and benefits. Alphabet CEO signaled that 2026 capital expenditures would come in at |
| 0:52.1 | $175 to $185 billion, well above estimates compiled by Bloomberg |
| 0:58.4 | for $119.5 billion. Comparatively speaking, CAPEX for 2025 came in at $91.5 billion, |
| 1:07.7 | in line with previous company guidance for $91 to $93 billion. Qualcomm is down 11% in |
| 1:16.4 | pre-market trading after offering up guidance for the coming quarter that miss Wall Street's |
| 1:21.7 | forecast. For the period ending December 28th, Qualcomm said it earned and adjusted $3.50 per share as revenue rose 5% |
| 1:31.5 | year over year to $12.25 billion. A consensus of analysts expected the company to earn $3.41 |
| 1:39.4 | per share on an adjusted basis with revenue of $12.2 billion. |
| 1:45.3 | Looking to the second quarter, Waltham said it expects to earn between $2.45 and $2.65 per share |
| 1:53.7 | on an adjusted basis with revenue forecast between $10.2 and $11 billion. |
| 2:00.3 | Analysts were expecting $2.90 per share in earnings and $11.1 billion in revenue. |
| 2:07.4 | Qualcomm noted that its guidance includes the estimated impact of memory supply constraints |
| 2:12.7 | and related pricing on demand from several handset customers. |
| 2:20.4 | Yumbrand said on its earnings call on Wednesday that about 250 underperforming Pizza Hut restaurants in the U.S. will close as they |
| 2:27.1 | clean up their portfolio. The company operated a total of 19,974 Pizza Hut locations globally at the end of Q4. |
| 2:37.7 | Yumbrand said the closures are focused on weaker performing locations rather than a broad |
... |
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