"Alphabet's Q1 2026 revenue reached $109.9 billion, surpassing consensus by nearly $3 billion, with Google Cloud growing 63% year on year to $20.02 billion, significantly exceeding analyst estimates."
"Amazon's Q1 net sales were $181.5 billion, a 17% year-on-year increase, with AWS growing 28% to $37.59 billion, marking its fastest growth rate in over three years."
"CEO Sundar Pichai stated that the company is 'compute constrained in the near term,' indicating that cloud revenue could have been higher if capacity had matched demand."
"Meta's increase in full-year capital expenditure guidance to $125-$145 billion led to a 6% decline in shares, raising questions about the sustainability of AI investment returns."
Google Cloud experienced a remarkable 63% growth year on year, reaching $20.02 billion in revenue, while AWS grew 28% to $37.59 billion. Meta raised its full-year capital expenditure guidance to $125-$145 billion, resulting in a 6% drop in shares. Combined AI spending across five hyperscalers is projected to exceed $650 billion by 2026. Despite concerns about whether AI investments are yielding returns, companies reported strong earnings, with Alphabet's net income up 81% and Amazon's net sales rising 17% year on year.
Read at TNW | Finance
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