Earnings Analysis: Meta, Microsoft, Alphabet & Amazon Deliver Earnings
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 29 April 2026
⏱️ 23 minutes
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Summary
Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell.
- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.
- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services.
- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.
- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, cohost of Bloomberg Tech
- Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
- Matt Day, Bloomberg News Technology Reporter
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.8 | Podcasts Radio News. |
| 0:08.8 | This is a breaking news update from Bloomberg. |
| 0:12.9 | Instant reaction and analysis from our 3,000 journalists and analysts around the world. |
| 0:18.7 | Carol Mass. |
| 0:19.2 | Along with Tim Stenvitt, getting ready for a big drop. You better be ready because they're out. A bunch of Mac 7. Ed Ludlow, of course, co-host of Bloomberg Tech on Bloomberg Television. He's out there in our San Francisco Bureau. Also with us is our Honorog, Rana, Bloomberg Intelligence, Senior Technology Annalist. He's out there in Chicago. Anurag, I want to kick it off with you. Go where you want. There's a lot coming at us. |
| 0:41.4 | Want to start with Microsoft? |
| 0:43.1 | Yeah, so Microsoft did beat a little bit on the Azure growth. So 38% goes to 39. So minor inflection up. |
| 0:50.5 | We're going to hear on the call whether they're going to use the, they have used GPUs internally and what kind of guidance that they give. So that's really Microsoft. |
| 0:58.3 | But the two biggest shocker are actually Google Cloud Growth and AWS growth, both have |
| 1:04.2 | accelerated quite a bit that shows that their cloud strategy right now is doing a slightly better |
| 1:09.7 | than Microsoft's. Ed Lov, come on in here. Again, we got a great round to Lid Lidlop, Bloomberg Tech co-host. That was Anurag, Rana, Bloomberg Intelligence, senior analyst, who we just heard from. In a minute, we're going to bring in Ron Westfall, Hyperframe Research Infrastructure and networking VP and practice leader. Ed, what's on your radar? How hard it is to follow Anarag? |
| 1:29.3 | I gave you a little time. |
| 1:31.3 | I gave you a little time. |
| 1:32.3 | Yeah, look, I go with it logical that |
| 1:34.3 | AWS growth, Amazon Web Services is the number one position in cloud computing. |
| 1:40.3 | 28% is the highest rate of growth for about 15 quarters. That's the severity of the performance. |
| 1:47.8 | So going into this, I'm trying to get a common thread between Alphabet, the parent of Google, |
| 1:52.9 | AWS and Microsoft. We looked for the growth rates of cloud because the swing factor in the market |
| 1:58.8 | has been capital expenditures. Investors have been willing to look at the capital expenditures, even market has been capital expenditures. |
| 2:05.0 | Investors have been willing to look at the capital expenditures, even if those numbers get bigger, |
| 2:10.6 | but in return, they want to see outperformance in cloud computing growth, driven by AI, |
... |
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