The Dow Jones, Nasdaq, and S&P 500 are entering a preview period for the busiest Q2 earnings week, led by major artificial intelligence companies. Tech stocks closed Monday mixed ahead of the flood of Big Tech earnings expected this week.
The earnings calendar highlights reports from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN). Additionally, key chipmakers such as SK Hynix (SKHY) and Qualcomm (QCOM) are also set to report.
Investors are growing concerned about free cash flow amid the AI spending boom, following Alphabet's (GOOG, GOOGL) capital expenditure guidance. The focus on spending comes as companies invest heavily in AI infrastructure.
Separately, Nvidia (NVDA) is reportedly in talks with OpenAI (OPAI.PVT) to provide $250 billion in financing for a data center project in Ohio. The report notes that this raises questions about circular financing in the AI industry.
~5%
Nvidia shares dropped on the day amid the report.
Updates
Tech giants have released new financial data revealing significant surges in capital expenditure alongside mixed quarterly performance; Alphabet raised its 2026 capital guidance to $195-$205 billion, while Microsoft's quarterly property and equipment spending climbed 84% to $30.9 billion. Arm Holdings highlighted its growing AI footprint with over $2 billion in demand for its AGI CPU, despite maintaining a $1 billion revenue outlook due to supply constraints. While unverified reports suggest Microsoft shares surged 15.5% and Apple's Tim Cook presented his final earnings report, major players continue to face pressure as Amazon's trailing free cash flow dropped significantly to $1.2 billion amid heavy equipment investments.
Tech giants have released Q2 results highlighting massive capital expenditure surges; Alphabet raised its 2026 guidance to a $195-$205 billion range, while Microsoft's quarterly property and equipment spending hit $30.9 billion, up 84% year-over-year. Meta reported revenue of $56.31 billion alongside a $4.03 billion loss in Reality Labs, and Amazon’s free cash flow fell to $1.2 billion from $25.9 billion due to heavy equipment investment. Meanwhile, Arm Holdings reported a 20% revenue increase to $1.49 billion for fiscal Q4 2026, disclosing over $2 billion in customer demand for its new AGI CPU, which counts Meta as a lead co-developer.
Tech giants have released Q2 results highlighting a massive surge in AI-driven capital expenditures alongside mixed financial performances. Alphabet increased its 2026 capital guidance to $195-$205 billion as its cloud revenue jumped 82%, while Microsoft's quarterly property and equipment spending climbed 84% and Meta projected full-year capital expenditures up to $145 billion. Amid these infrastructure investments, Amazon's trailing free cash flow dropped to $1.2 billion from $25.9 billion a year ago. Additionally, Arm Holdings provided a positive outlook, disclosing over $2 billion in customer demand for its AGI CPU and establishing Meta as a lead co-developer.
Earnings results and outlooks for big tech firms have arrived, with Alphabet reporting quarterly capital spending of $44.9 billion—doubling year-over-year—and raising its 2026 expenditure guidance to a range of $195-$205 billion. Microsoft signaled roughly $190 billion in calendar 2026 capital expenditure, while Amazon's trailing free cash flow dropped to $1.2 billion from $25.9 billion due to heavy equipment investment. Meta reported revenue of $56.31 billion and projected full-year capital expenditure between $125-$145 billion. Additionally, Arm Holdings disclosed over $2 billion in customer demand for its AGI CPU and reported fiscal Q4 revenue growth of 20% to $1.49 billion.
Tech giants have released Q2 results highlighting massive spikes in AI-related capital expenditure, with Microsoft's spending jumping 84% to $30.9 billion and Alphabet's quarterly spending hitting $44.9 billion, nearly doubling year-over-year. Meta reported revenue of $56.31 billion, while Amazon's trailing free cash flow contracted to $1.2 billion amid a $59.3 billion surge in equipment costs. Additionally, Apple reported a 22% increase in iPhone sales in what marks CEO Tim Cook's final earnings report before his transition, and Arm Holdings disclosed $2 billion in customer demand for its AGI CPU alongside robust fiscal Q4 growth.
Tech giants have released new performance data highlighting significant capital expenditure surges for AI infrastructure, with Alphabet raising its 2026 guidance to $195-$205 billion and reporting negative free cash flow of $5.9 billion. Microsoft’s AI business reached a $37 billion annual revenue run rate, while Amazon’s free cash flow dropped to $1.2 billion from $25.9 billion a year ago due to heavy equipment spending. Meta reported $56.31 billion in revenue and disclosed 2026 capital expenditure guidance of $125-$145 billion. Additionally, Arm Holdings revealed $2 billion in customer demand for its new AGI CPU, confirming Meta as a lead development partner.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous maximum of $190 billion. The company's quarterly capital spending reached $44.9 billion, approximately doubling the previous year's figure, while second-quarter revenue grew 24% to $119.8 billion. Additionally, Google Cloud revenue saw a significant 82% increase, reaching $24.8 billion.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous peak of $190 billion, following a quarterly capital spending surge that reached $44.9 billion. During the same period, Google Cloud revenue grew 82% to $24.8 billion, while Alphabet's second-quarter revenue rose 24% annually to $119.8 billion. Despite these gains, the company's free cash flow turned negative at $5.9 billion.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from its previous ceiling of $190 billion. The company also reported second-quarter revenue of $119.8 billion, marking a 24% annual increase, while Google Cloud revenue climbed 82% to $24.8 billion. Additionally, Arm Holdings reported fiscal Q4 2026 total revenue of $1.49 billion, a 20% year-over-year increase.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous maximum of $190 billion. The company's quarterly capital spending reached $44.9 billion, approximately doubling the figure from the same period last year. Additionally, Alphabet reported second-quarter revenue of $119.8 billion, representing a 24% annual increase, while Google Cloud revenue climbed 82% to $24.8 billion.
Major tech earnings have revealed significant shifts in capital expenditure and growth, with Alphabet raising its 2026 guidance to a peak of $205 billion, while Microsoft's annual spending reached $145.3 billion. Amazon's cloud segment saw a substantial boost as AWS sales hit $42.2 billion, representing a 37% increase, and Apple reported a 16.4% year-over-year revenue rise to $109.4 billion. Meanwhile, Meta reported record second-quarter revenue of $60.8 billion despite a 14% decline in quarterly profit.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous ceiling of $190 billion, while its quarterly capital spending doubled to $44.9 billion. Additionally, Microsoft's quarterly revenue rose 18% to $90 billion with net income climbing 31% to $35.8 billion, as the company's total annual capital spending reached $145.3 billion. Meta reported record second-quarter revenue of $60.8 billion, though its quarterly profit declined 14% to $18.3 billion.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous ceiling of $190 billion. Additionally, the company's quarterly capital spending reached $44.9 billion, approximately doubling the figure from the prior year. Alphabet also reported second-quarter revenue of $119.8 billion, representing a 24% annual increase, with Google Cloud revenue climbing 82% to $24.8 billion.
Major tech players reported mixed results, with Amazon's AWS sales hitting $42.2 billion (up 37%) and Apple's quarterly revenue rising 16.4% to $109.4 billion, though Apple shares fell over 8% due to projected supply constraints. While Meta recorded record second-quarter revenue of $60.8 billion, its quarterly profit declined 14% to $18.3 billion, and Alphabet's Google Cloud revenue surged 82% to $24.8 billion. Meanwhile, the Nasdaq 100 officially entered correction territory after a decline of more than 10% from its recent peak.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from its previous upper limit of $190 billion. The company's quarterly capital spending reached $44.9 billion, approximately doubling the figure from the previous year. Additionally, Alphabet reported second-quarter revenue of $119.8 billion, marking a 24% annual increase, with Google Cloud revenue climbing 82% to $24.8 billion.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous maximum of $190 billion. During the same period, the company's quarterly capital spending reached $44.9 billion, approximately doubling the previous year's figure. Additionally, Alphabet's second-quarter revenue rose 24% annually to $119.8 billion, supported by an 82% surge in Google Cloud revenue to $24.8 billion.
Major tech players reported significant financial shifts: Alphabet raised its 2026 capital expenditure guidance to $195–$205 billion, while Meta increased its expected annual capital expenditure to $130–$145 billion. Amazon's AWS sales reached $42.2 billion, marking a 37% increase, and Microsoft's CEO announced that annual revenue from its AI-powered Azure platform has exceeded $100 billion for the first time. Additionally, Apple's quarterly revenue rose 16.4% to $109.4 billion, though its shares fell following supply constraint concerns.
Major tech players released specific financial results, including Alphabet's 24% revenue increase to $119.8 billion, Microsoft's Azure annual AI revenue surpassing $100 billion, and Amazon's AWS sales reaching $42.2 billion. While Meta reported record quarterly revenue of $60.8 billion, its profit declined 14% to $18.3 billion, and Apple's revenue rose 16.4% to $109.4 billion despite shares falling on supply constraint concerns. Additionally, the four hyperscalers collectively forecast capital expenditures between $720 billion and $745 billion for 2026.
Alphabet raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from a previous limit of $190 billion. The company's quarterly capital spending reached $44.9 billion, approximately doubling the figure from the previous year. Additionally, Alphabet's second-quarter revenue rose 24% annually to $119.8 billion, supported by an 82% surge in Google Cloud revenue to $24.8 billion.
