Alphabet stock dropped about 10% in premarket trading Thursday, which would mark its worst post-earnings decline since going public in 2004 if it closes down more than 9.77%. The company posted negative free cash flow of $9.07 billion for the third quarter, far worse than the $2.70 billion shortfall analysts had expected, while keeping its full-year capital expenditure guidance at $195-205 billion. Microsoft, by contrast, rose nearly 4% after reporting $45.2 billion in capital spending, below analyst estimates, and free cash flow that fell 27% but stayed positive.
cnbc.com
· 2026-10-29
Microsoft reported net profit of more than $36.6bn and revenue of $92.3bn for the quarter ending September, a 19% year-on-year increase driven largely by 30% growth in its cloud business. The results came just days after the company said it would offer buyouts to around 60,000 employees as part of cost-cutting tied to heavy AI investment. Shares rose nearly 2.9% in after-hours trading following the announcement.
bbc.co.uk
· 2026-10-29
Alphabet's third-quarter revenue rose nearly 25% year-over-year to $127.6 billion but fell short of the $128.2 billion analysts expected, while adjusted earnings per share dropped 7% to $2.67 versus the $3.02 consensus. Google Cloud was a bright spot, with revenue doubling to $30.71 billion and operating income more than tripling to $11.12 billion, and the Gemini app surpassed 1 billion monthly active users. Shares fell nearly 10% in after-hours trading following the report.
cnbc.com
· 2026-10-29
Jim Cramer said on CNBC's Mad Money that companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla, SpaceX, Anthropic and OpenAI have grown so dominant and profitable that they resemble 'nation states.' He pointed to Microsoft's latest earnings as evidence, noting revenue grew 19%, Azure cloud revenue jumped 48%, and capital spending came in below Wall Street forecasts, sending shares up 4% after hours.
cnbc.com
· 2026-10-28
In its latest quarterly earnings, Microsoft broke with longstanding practice and disclosed Azure's actual dollar revenue for the July-September quarter: $33.2 billion, up 48% year-over-year. That figure beat analyst expectations of $32.3 billion and exceeded CFO Amy Hood's earlier guidance of 44-45% growth, edging out Google Cloud's reported $30.7 billion for the same period.
techcrunch.com
· 2026-10-28
Google announced during Alphabet's Q3 earnings call that it is rolling out ads within AI Overviews and AI Mode to international markets, alongside new multi-turn ad formats in the U.S. Alphabet reported $127.6 billion in revenue, up 25% year over year, but Search ad growth slowed to 12% from 17% in Q2 and 19% in Q1, and Alphabet shares fell 8% after the results. Chief business officer Philipp Schindler said click-through rates on sponsored listings in AI Mode now match those of organic listings.
techcrunch.com
· 2026-10-28
Microsoft posted a jump in quarterly profit, driven by faster growth in its cloud computing business. The results came as investors had been watching closely for signs of returns on the company's heavy AI-related spending.
wsj.com
· 2026-10-28
Microsoft will post results for the quarter ended Sept. 30 after the market closes Wednesday, with analysts polled by LSEG expecting adjusted earnings of $4.73 per share on revenue of $90.69 billion. The report marks the company's first switch to two operating segments since 1998, replacing its prior three-way split, and the first time it will disclose Azure revenue in dollar terms, with StreetAccount analysts forecasting $32.32 billion, implying growth above 44%.
cnbc.com
· 2026-10-28
Investors are awaiting the Federal Reserve's 2pm ET rate decision, which officials are widely expected to keep unchanged, alongside a fresh batch of major technology company earnings reports. Policymakers have pointed to AI-driven demand alongside energy costs as factors pushing inflation higher. Futures were little changed ahead of the announcement and earnings releases.
cnbc.com
· 2026-10-28
Comcast's Q3 2026 results showed total revenue of $29.3 billion, down 6.1% year over year, alongside a loss of 144,000 domestic residential broadband customers. The company gained 368,000 wireless lines in the same period, and CFO Jason Armstrong confirmed plans to expand AI agents across customer service operations. Reports indicate Comcast is preparing job cuts within its cable business as part of a broader restructuring.
techspot.com
· 2026-10-25
Banking analyst Gerard Cassidy of RBC Capital Markets says consumers overwhelmingly reject letting AI agents move their money autonomously, even as fears grow that such agents could still erode bank profits by comparison-shopping for better rates. Bank stocks including Bank of America, Wells Fargo, JPMorgan Chase and Charles Schwab have fallen sharply since Meta launched its Muse personal agent on September 8, though AI agents currently cannot independently transfer deposits between banks.
cnbc.com
· 2026-10-23
Comcast disclosed another quarter of declining broadband and cable subscribers, continuing a multi-period trend of customer losses. Company executives characterized competitors' lower pricing as 'irrational,' suggesting rivals are underpricing service in ways Comcast considers unsustainable.
tech.slashdot.org
· 2026-10-23
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