Alphabet Inc. (GOOGL) reported Q1 results on May 1, 2026, showcasing strong performance with a 63% increase in cloud revenue, following growth rates of 48% and an estimated 35% to 40% in previous quarters. The company anticipates capital expenditures between $180 billion and $190 billion, an increase from the previous guidance of $175 billion to $185 billion.
Amazon (AMZN) posted a 28% growth in cloud revenues for Q1, its fastest pace since 2022, while Microsoft (MSFT) reported a 29% increase but faced challenges, leading to a 14.5% decline in shares year to date. In total, 317 S&P 500 companies have reported Q1 results, showing a year-over-year earnings growth of 23.4% on 11.1% higher revenues, with 78.5% beating EPS estimates.
Nvidia (NVDA) is scheduled to release its Q1 earnings on May 20, 2026, with expectations for EPS and revenue growth of 118.5% and 78.7%, respectively. The Magnificent 7 group’s total earnings are projected to increase by 45.7% from last year, demonstrating a strong market performance amidst varied results among tech giants.
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