Keep pulling the thread on Earnings Analysis.
Amazon Web Services' recent growth rate of 28% is its highest in approximately 15 quarters.
Meta Platforms increased its 2026 capital expenditure forecast to a range of $125 billion to $145 billion, up from a prior range of $115 billion to $135 billion.
Amazon's heavy spending on AI infrastructure caused its trailing 12-month free cash flow to fall from $26 billion to $1.2 billion.
The AI revenue run rate for Amazon Web Services has surpassed $15 billion.
Amazon Web Services' growth is projected to accelerate towards 25.6%, partly driven by its $100 billion infrastructure deal with Anthropic.
Amazon Web Services has a contracted backlog of $244 billion.
Alphabet reported first-quarter revenue of $94.7 billion, excluding partner payouts, beating analyst expectations of $91.6 billion.
The active user base for Google's Gemini for Enterprise grew by 40% quarter-over-quarter.
Alphabet reported earnings per share of $5.11, significantly beating Wall Street's estimate of $2.62 per share.
Google Cloud's margins have expanded to nearly 30%, up from 20% six months prior.
Amazon's proprietary chipset business, including Trinium II and Inferentia, has reached an annualized revenue run rate of $20 billion.
Amazon's advertising business is on track to generate over $70 billion in revenue this year.