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Amazon, Microsoft, Alphabet Ride AI Surge as Cloud Growth Explodes [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
spending is feeding through to sales, with each company posting stronger quarterly results and lifting its outlook, according to a Wednesday press release. Microsoft said fiscal third-quarter adjusted earnings came to $4.27 a share on revenue of $82.89 billion. Azure revenue rose 40%, and the company said it still expects that pace to hold, while guiding for about $190 billion in capital spending in 2026. Warning! GuruFocus has detected 1 Warning Sign with MSFT. Is MSFT fairly valued? Test your thesis with our free DCF calculator. Google parent Alphabet said cloud revenue climbed 63% to $20 billion, while its backlog nearly doubled to $462 billion. The company also raised its 2026 capex plan to $180 billion to $190 billion, and said revenue from products built on its AI models surged. Amazon said AWS revenue rose 28% to $37.6 billion, its fastest growth rate since 2022. Chief Executive Andy Jassy said customers including OpenAI and Anthropic are choosing Amazon for AI work,
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