Investment Update: Amazon, Microsoft, Alphabet, and Meta Platforms
Chicago, IL – August 4, 2026 – Amazon (AMZN) reported a 20% increase in second-quarter revenue to $200.6 billion, with operating income rising 43% to $27.5 billion. Amazon Web Services (AWS) experienced a remarkable 37% revenue growth, bringing in $42.2 billion, its fastest rate in 18 quarters. This strong performance also affirmed that Amazon’s AI business has surpassed a $25 billion annualized revenue run rate, growing at a triple-digit percentage rate.
In comparison, Microsoft (MSFT) reported a 43% increase in Azure revenue, surpassing $100 billion annually, while its overall Cloud segment saw a 27% revenue rise to $59.3 billion. Despite substantial capital expenditures of $44.9 billion for Alphabet (GOOGL) and $31.1 billion for Meta Platforms (META), both companies continue to experience strong revenue growth. However, investor sentiment has shifted to more optimism regarding the returns on AI investments made by these tech giants.
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