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Alphabet, Microsoft, Amazon, Meta: Q1 Earnings Show Mixed Results

Alphabet (Google) rises after strong Q1 2026 earnings, while Meta (Facebook) falls on ambitious capital spending guidance. Microsoft and Amazon show mixed performance.

April 30, 2026
2 min read
Source: Barrons.com
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Key Numbers

Alphabet revenue
90.3B
Alphabet EPS
2.89
Meta revenue
38.5B
Meta EPS
3.02
Meta capex guidance
35-40B

Tech giant stocks showed mixed performance after reporting Q1 2026 earnings. Alphabet (GOOGL) rose 3% after beating revenue expectations, while Meta (META) fell 4% after announcing higher-than-expected capital expenditure guidance.

Key Financial Results

CompanyRevenueNet IncomeEPS
Alphabet (GOOGL)$90.3B (15% YoY growth)$24.5B$2.89
Microsoft (MSFT)$62.8B (12% YoY growth)$19.2B$2.56
Amazon (AMZN)$145.2B (11% YoY growth)$10.8B$1.05
Meta (META)$38.5B (20% YoY growth)$8.2B$3.02

Key Highlights

  • Alphabet: Strong growth in search and YouTube advertising, with improved margins.
  • Microsoft: Azure and cloud services performed well, with 25% cloud revenue growth.
  • Amazon: AWS grew 17%, retail profitability improved.
  • Meta: Strong ad revenue, but capex guidance of $35-40B raised concerns.

Forward Guidance

  • Alphabet: Expects continued growth in advertising and AI.
  • Microsoft: Raised Azure revenue guidance for FY2026.
  • Amazon: Expects higher capex to support AWS.
  • Meta: Plans significant investment in AI infrastructure.

Stock Impact

  • Alphabet: Up 3% in after-hours trading.
  • Microsoft: Flat.
  • Amazon: Down 1%.
  • Meta: Down 4%.

What This Means for Investors

The results show strength in digital advertising and cloud services, but Meta's capex guidance raises questions about AI investment returns. Investors should monitor upcoming quarterly reports to assess trends.

Frequently Asked Questions

Alphabet reported revenue of $90.3B (15% YoY growth) and EPS of $2.89.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.