Alphabet and Microsoft report earnings with AI and cloud in focus
Alphabet and Microsoft report quarterly results on Wednesday after the Wall Street close, with artificial intelligence in focus. Consensus expects Alphabet revenue near US$128 billion and Google Cloud sales of about US$29.15 billion; for Microsoft, revenue of US$90.6 billion and Azure growth of 44% to 45% in constant currency. The market is watching margins and cash generation: in the quarter ended in June, Alphabet posted negative free cash flow of US$5.855 billion, while Microsoft kept a positive balance of US$19.639 billion.
In 40 seconds
- Consensus expects revenue of about US$128 billion for Alphabet and US$90.6 billion for Microsoft
- Google Cloud grew 82% year over year in the quarter to June and its operating margin rose from 20.7% to 35.6%
- Azure grew 42% year over year and Microsoft Cloud gross margin fell from 68% to 65% in fiscal 2026
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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