Alphabet, Microsoft, Amazon Face AI Return Test in Earnings Week
WHO:
Bloomberg - Alphabet, Amazon, and Microsoft are among the world’s biggest and most important technology companies.
CNBC - About 160 S&P 500 companies are scheduled to report quarterly results, including Alphabet, Microsoft, and Amazon.
CNBC - Other companies mentioned in the earnings schedule are Coca-Cola, Boeing, Robinhood Markets, Ford Motor, Caterpillar, Eli Lilly, and Intel.
CNBC - Piper Sandler analyst Billy Fitzsimmons said Microsoft partner checks were strong and demand for prepackaged AI solutions led the list.
CNBC - Jefferies analyst Brent Thill called Amazon stock “attractive” and a “discount” alternative to Alphabet and Walmart.
WHAT:
CNBC - Coca-Cola analysts forecast year-over-year earnings growth of 7.4% and revenue growth of 4.1%.
CNBC - Boeing received FAA approval for the 737 Max 10; analysts forecast 2.5% revenue growth.
CNBC - Robinhood’s analysts expect earnings to decline by more than 9% and revenue to increase by more than 11%.
CNBC - Ford analysts expect revenue to decline; Wolfe Research cited production downtime as a risk to quarterly profit.
CNBC - Caterpillar analysts forecast earnings growth above 43% and revenue growth above 17%.
CNBC - Eli Lilly analysts expect revenue growth above 28%; Goldman Sachs said investors are watching for possible full-year guidance increases.
CNBC - Intel analysts forecast earnings-per-share growth of 70.3% and revenue growth of 20.5%; Intel said demand continues to run ahead of supply.
The Motley Fool - Micron reported fiscal fourth-quarter revenue of $54.2 billion, up nearly 380% year over year; gross margin was 87%, and earnings per share were $32.87. It generated nearly $44 billion in operating cash flow and $33 billion in adjusted free cash flow.
24/7 Wall St. - SanDisk’s fiscal first-quarter 2027 earnings report is scheduled for “Thursday, Oct. 29.”
Yahoo Finance - After SpaceX, Meta, and Tesla reported without signaling ballooning spending next year, investors reassessed longer-term project costs, and the S&P 500 fell nearly 2%.
Yahoo Finance - The 10-year Treasury yield fell below 5% after Thursday’s market move, even as oil prices rose to levels not seen since May.
Yahoo Finance - Markets priced in a 90% chance that the Federal Reserve would keep interest rates unchanged at its upcoming decision; traders priced in a 77% chance of a rate hike at the December meeting.
Bloomberg - Alphabet, Amazon, and Microsoft were expected to report double-digit revenue gains, while investors sought returns on artificial-intelligence capital spending.
CNBC - More than 120 S&P 500 companies had reported; about 83% beat analysts’ earnings expectations, according to FactSet.
CNBC - Concerns about AI spending contributed to a market sell-off on Thursday; the Nasdaq Composite had its worst session since June.
CNBC - Analysts forecast Alphabet revenue growth of about 25%, Microsoft earnings growth of 14.3% and revenue growth of 16.8%, and Amazon double-digit revenue growth with earnings per share expected to remain relatively flat.
CNBC - Microsoft reported 18% year-over-year revenue growth in the prior quarter and a $3.2 billion gain from an investment in Anthropic.
CNBC - Alphabet’s prior-quarter revenue exceeded expectations, but its stock fell after it raised its annual capital-expenditure forecast, citing a “supply-constrained environment.”
CNBC - Amazon’s prior-quarter results beat expectations, supported by strong cloud growth.
WHEN:
CNBC - The articles describe the companies’ earnings reports as scheduled for “this week” or “the new week”; no calendar date is provided.
WHY:
The Motley Fool - Investors’ concerns about Micron included the sustainability of AI spending, elevated valuations, and whether unusually high memory-industry profitability will last; the article said Micron’s fiscal Q1 2027 guidance was $61.5 billion in revenue and $37.84 earnings per share.
Yahoo Finance - Yahoo Finance reported inflation was above target, the war in Iran was intensifying, and AI-driven competition for capital had increased.
Yahoo Finance - Rabobank senior U.S. strategist Philip Marey said skipping an October rate move after a September hike would allow the Fed to observe more data before its next decision.
Bloomberg - Investors were growing impatient with AI capital expenditure and were seeking evidence of returns.
CNBC - Investors were looking for clues about how companies were financing the artificial-intelligence boom.
CNBC - BMO Capital Markets said recent AI model releases had “helped to offset fears that GOOGL was falling behind in frontier model intelligence.”
HOW:
Yahoo Finance - Yahoo Finance said the Fed’s interest-rate decision and Chairman Kevin Warsh’s comments were being watched for their market implications.
CNBC - Alphabet, Microsoft, and Amazon were scheduled to report quarterly earnings and provide investor updates through earnings calls.
CNBC - Microsoft’s earnings call was scheduled for 5:30 p.m.; Amazon’s call was scheduled for 5 p.m. Times were listed as Eastern Time.
(UPDATED October 26, 2026 16:09 UTC)
Investors are watching earnings from Alphabet, Microsoft, Amazon and about 157 other S&P 500 companies for evidence that heavy spending on artificial intelligence is paying off, after AI spending concerns helped drive a sharp market sell-off. Analysts expect double-digit revenue growth at the three tech giants, while estimates across other companies vary widely, from strong growth at Caterpillar and Eli Lilly to weaker results at Ford and Robinhood; Micron, meanwhile, reported a surge in revenue and profits alongside unusually high margins. Markets are also weighing interest-rate expectations, with traders largely anticipating no change at the Federal Reserve’s upcoming decision, while keeping a close eye on inflation, rising oil prices and the costs of long-term corporate projects.
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(UPDATED October 26, 2026 14:47 UTC)
Alphabet, Microsoft, and Amazon were among roughly 160 S&P 500 companies set to report quarterly results, as investors looked for evidence that heavy AI spending is paying off. Concerns over the cost of AI projects helped push the S&P 500 down nearly 2%, while the 10-year Treasury yield fell below 5% and oil prices climbed to their highest levels since May. Markets priced in a 90% chance the Federal Reserve would hold rates steady at its upcoming decision, while traders saw a 77% chance of a rate hike in December.
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(UPDATED October 26, 2026 09:14 UTC)
Investors are watching Alphabet, Microsoft, and Amazon for evidence that their huge artificial-intelligence investments are paying off, as all three prepare to report quarterly results. Analysts expect double-digit revenue growth, with Alphabet forecast to grow about 25 percent and Microsoft revenue up 16.8 percent. Amazon is also expected to post double-digit revenue growth, though its earnings per share may remain relatively flat. The reports come amid concern that AI spending is weighing on markets; the Nasdaq recently had its worst session since June. More than 120 S&P 500 companies have reported, and about 83 percent beat earnings expectations, according to FactSet. Recent results offer mixed clues: Alphabet raised its capital-spending forecast, while Amazon beat expectations on strong cloud growth. Investors also want details on how companies are financing the AI boom. Microsoft and Amazon scheduled earnings calls for 5:30 p.m. and 5 p.m. Eastern Time, respectively.