Keep pulling the thread on Earnings Analysis.
Google Cloud and Amazon Web Services both experienced significant growth acceleration in the most recent quarter.
Amazon Web Services' reported growth rate of 28% is its highest in approximately 15 quarters.
Meta Platforms increased its 2026 capital expenditure guidance to a range of $125 billion to $145 billion, up from a prior range of $115 billion to $135 billion.
Amazon's trailing 12-month free cash flow fell to $1.2 billion due to heavy spending on AI infrastructure.
The AI revenue run rate for Amazon Web Services has surpassed $15 billion.
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.
Google's Gemini for Enterprise product saw its active user base grow by 40% quarter-over-quarter.
Alphabet's cloud computing unit reported sales of $20 billion for the quarter, with growth driven by demand for its AI software and infrastructure.
Alphabet reported earnings per share of $5.11, significantly beating Wall Street's estimate of $2.62.
Google Cloud reported a 63% year-over-year growth rate.
Google Cloud's margins have expanded to nearly 30%, an increase from 20% six months ago.