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Alphabet Inc. (Class C)

Alphabet Inc. (Class C)

$GOOG
NASDAQTechnology

425 stories mentioning Alphabet Inc. (Class C)Updated 1d ago

Alphabet's Google announced a $1.5 billion 2026-27 expansion of its Alabama data center campuses, funding its own power and infrastructure costs.

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Wire

Alphabet's Q1 Highlights Search, Cloud Strength While Costs Climb, UBS Says

Alphabet's (GOOG, GOOGL) Q1 search and cloud results point to a stronger revenue contribution from generative AI, while rising investment costs and valuation concerns are shifting attention to margins, UBS Securities said Thursday in a report.UBS raised ad-revenue estimates by about 1% for 2027 and 2% for 2028 and increased cloud revenue projections by 23% for 2027 and 7% for 2028. As growth expectations reset, the focus is turning to costs, with Google expecting 2027 to be another heavy investment year, the report said."It may take several quarters for the right level of 2027 capital expenditure to be added to estimates as Google does not generally give outer-year guidance, and that leaves potential for earnings per share print risks going forward," the report said. Given Google's elevated valuation, better risk-reward opportunities are seen in other internet megacap names, UBS said.The firm raised GAAP diluted earnings-per-share estimates to $3.07 from $3 for Q2, to $3.07 from $3.06 for Q3, to $14.42 from $12.05 for 2026, to $15.78 from $13.96 for 2027, and to $16.70 from $16.15 for 2028.UBS boosted its price target on Alphabet stock to $410 from $375 and maintained its neutral rating.Price: $376.19, Change: $+28.88, Percent Change: +8.32%

$GOOG$GOOGL
International

US Equity Indexes Mixed Following Big-Tech Earnings, Iran's Retaliatory Warning

US equity indexes traded mixed at midday Thursday as investors weighed mega-cap corporate earnings and a warning shot from Iran's new supreme leader amid declining crude oil prices after midday Thursday.The Dow Jones Industrial Average jumped 1.5% to 49,591.6, with the S&P 500 up 0.5% to 7,169.1. The Nasdaq Composite was slightly down at 24,673.1. All sectors except technology and consumer discretionary rose. Industrials, health and communication services led the gainers.Alphabet's (GOOG, GOOGL) shares jumped 7%, among the leaders on the Nasdaq, after the company overnight reported higher Q1 earnings and revenue that topped market expectations. Meta Platforms' (META) shares sank 9%, among the worst performers on the S&P 500 and the Nasdaq, after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Meanwhile, US President Donald Trump will hear about updated military options for Iran from Pentagon officials Thursday, as a possible way of forcing Tehran into an agreement, CNN reported. Trump's current strategy is to inflict economic pain on Iran.Iran's new supreme leader gave a rare statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported.In economic news, the core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations. It climbed 0.3% month-over-month, down from the 0.4% reported in February.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$META
Wire

Top Midday Stories: Tech Giants' Earnings Top Estimates, Reactions Mixed; Eli Lilly Lifts Outlook After Estimate-Beating Q1 Earnings

All three major US stock indexes were up in late-morning trading Thursday, as investors digest a slew of earnings reports from the giant tech companies as well as the Federal Reserve's decision Wednesday to leave interest rates unchanged.In company news, Meta Platforms (META) reported Q1 earnings late Wednesday of $10.44 per diluted share, up from $6.43 a year earlier and above the FactSet consensus analyst estimate of $6.67. Meta Q1 revenue was $56.31 billion, up from $42.31 billion a year ago and above the FactSet consensus of $55.56 billion. For Q2, Meta said it expects revenue of $58 billion to $61 billion, compared to the FactSet consensus of $59.48 billion. Full-year 2026 capital expenditures are expected to be between $125 billion and $145 billion, up from the prior outlook of $115 billion to $135 billion, Chief Financial Officer Susan Li said on a call with analysts. The daily active people average for March was 3.56 billion, up 4% year over year but down slightly quarter over year due to internet disruptions in Iran and WhatsApp restrictions in Russia, the company said. After the earnings report, Meta commenced a US investment-grade bond sale in as many as six parts through which it is looking to raise up to $25 billion. Meta shares were down 9.5% around midday.Alphabet (GOOG, GOOGL) reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier and above the FactSet consensus estimate of $2.63. Alphabet Q1 revenue was $109.9 billion, up from $90.2 billion a year ago and above the FactSet consensus of $106.96 billion. The tech giant raised it quarterly cash dividend to $0.22 per share from $0.21 per share, payable June 15 to shareholders of record as of June 8. Alphabet's Class C and Class A shares were up 7.2% and 7.3%, respectively.Amazon (AMZN) reported Q1 earnings late Wednesday of $2.78 per diluted share, up from $1.59 a year earlier and above the FactSet consensus of $1.63. Amazon Q1 revenue was $181.52 billion, up from $155.67 billion a year ago and above the FactSet consensus of $177.28 billion. For Q2, the company said it expects revenue of $194 billion to $199 billion, above the FactSet consensus of $188.96 billion. Amazon shares were down 1.2%.Microsoft (MSFT) reported fiscal Q3 adjusted earnings late Wednesday of $4.27 per diluted share, up from $3.54 a year earlier and above the FactSet consensus of $4.05. Fiscal Q3 revenue was $82.89 billion, up from $70.07 billion a year ago and above the FactSet consensus of $81.40 billion. Microsoft shares were down 4.5%.Eli Lilly (LLY) reported Q1 non-GAAP earnings Thursday of $8.55 per diluted share, up from $3.34 a year earlier and above the FactSet consensus of $6.97. Lilly Q1 revenue was $19.80 billion, up from $12.73 billion a year ago and above the FactSet consensus of $17.82 billion. For full-year 2026, the company said it expects adjusted EPS of $35.50 to $37.00, up from its previous guidance of $33.50 to $35.00 and above the FactSet consensus of $34.51. Full-year revenue is expected to be between $82 billion and $85 billion, up from its previous outlook of $80 billion to $83 billion and compared to the FactSet consensus of $82.07 billion. Eli Lilly shares were up 8.1%.Qualcomm (QCOM) reported fiscal Q2 adjusted earnings late Wednesday of $2.65 per diluted share, down from $2.85 a year earlier but above the FactSet consensus of $2.56. Fiscal Q2 revenue was $10.60 billion, down from $10.97 billion a year ago but above the FactSet consensus of $10.69 billion. For fiscal Q3, the company said it expects adjusted EPS of $2.10 to $2.30, below the FactSet consensus of $2.42. Fiscal Q3 revenue is expected to be between $9.20 billion to $10 billion, below the FactSet consensus of $10.19 billion. CFO Akash Palkhiwala said on the company's earnings call that the company expects shipments to Chinese Android customers to recover after inventory corrections. Qualcomm also said it has secured a "multi-generation engagement" with a leading hyperscaler, with initial shipments expected to begin later this year. Qualcomm shares were up 18.0%.Caterpillar (CAT) reported Q1 adjusted profit Thursday of $5.54 per share, up from $4.25 a year earlier and above the FactSet consensus of $4.65. Total Q1 sales and revenue were $17.42 billion, up from $14.25 billion a year ago and above the FactSet consensus of $16.53 billion. For full-year 2026, the company said it expects low double-digit sales and revenue growth, higher year-over-year free cash flow in its primary operating segment of machinery, power and energy, and adjusted operating profit margin near the bottom of the target range. Caterpillar shares were up 8.6%.Mastercard (MA) reported Q1 adjusted earnings Thursday of $4.60 per diluted share, up from $3.73 a year earlier and above the FactSet consensus of $4.41. Net Q1 revenue was $8.40 billion, up from $7.25 billion a year ago and above the FactSet consensus of $8.26 billion. Mastercard shares were down 3.6%.Stellantis (STLA) reported Q1 adjusted earnings Thursday of 40.21 per diluted share, upf rom $0.04 a year earlier and above the FactSet consensus of $0.19. Net Q1 revenue was $38.13 billion, up from $25.81 billion ay ear ago but below the FactSet consensus from four analysts of $44.95 billion. For full-year 2026, the company said it expects mid-single-digit net revenue growth. Stellantis shares were down 4.9%.Price: $606.15, Change: $-62.97, Percent Change: -9.41%

$AMZN$CAT$GOOG$GOOGL$LLY$MA$META$QCOM$STLA
Wire

Alphabet Seen Delivering Strong AI Driven Growth and Margins, BofA Says

Alphabet (GOOG, GOOGL) reported a strong Q1, with upside in Search and Cloud pointing to artificial intelligence driven growth and higher margins, BofA Securities said in a Thursday note.BofA said Q1 net revenue of $94.7 billion and EPS of $5.11 beat street estimates, while search revenue rose 19% year over year and cloud revenue was 63% higher.Cloud backlog grew 90% quarter over quarter to $462 billion, with about 50% expected to be recognized over the next 24 months, the firm said.BofA raised its 2026 revenue estimate to $424.12 billion from $407.92 billion and its 2027 revenue estimate to $521.99 billion from $474.86 billion.The firm also raised its 2026 EPS estimate to $14.43 from $11.45 and said the growing mix of recurring and higher durability cloud revenue supports a higher valuation multiple.BofA reiterated its buy rating on Alphabet and raised its price objective to $430 from $370.Price: $369.78, Change: $+22.47, Percent Change: +6.47%

$GOOG$GOOGL
Wire

Oppenheimer Adjusts Price Target on Alphabet to $425 From $360, Maintains Outperform Rating

Alphabet (GOOG) has an average rating of buy and mean price target of $408.49, according to analysts polled by FactSet.Price: $365.22, Change: $+17.91, Percent Change: +5.16%

$GOOG$GOOGL
Wire

Roth Capital Partners Adjusts Price Target on Alphabet to $435 From $395, Maintains Buy Rating

Alphabet (GOOGL) has an average rating of buy and mean price target of $407.88, according to analysts polled by FactSet.Price: $368.64, Change: $+18.70, Percent Change: +5.34%

$GOOG$GOOGL
Wire

BofA Securities Adjusts Price Target on Alphabet to $430 From $370, Maintains Buy Rating

Alphabet (GOOGL) has an average rating of buy and mean price target of $407.88, according to analysts polled by FactSet.Price: $369.35, Change: $+19.41, Percent Change: +5.55%

$GOOG$GOOGL
Wire

BNP Paribas Lifts Alphabet Price Target to $420 From $390, Maintains Outperform Rating

Alphabet (GOOGL, GOOG) has an average rating of buy and mean price target of $406.36, according to analysts polled by FactSet.Price: $368.02, Change: $+18.08, Percent Change: +5.17%

$GOOG$GOOGL
Sectors

Sector Update: Tech Stocks Advance Premarket Thursday

Technology stocks were advancing premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.7% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.5%.Alphabet (GOOG, GOOGL) shares were up 6.9% after the company reported late Wednesday higher Q1 earnings and revenue that also topped market expectations.Meta Platforms (META) stock was down more than 8% after the company raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Viavi Solutions (VIAV) shares were up about 31% after the company posted higher fiscal Q3 non-GAAP earnings and net revenue, and issued fiscal Q4 outlook above analysts' expectations.

$GOOG$GOOGL$META$VIAV$XLK$XSD
Asia Markets

Big Tech Earnings, Fed Rate Decision Lift US Equity Futures Pre-Bell

US equity futures were higher pre-bell Thursday as traders absorbed the latest round of financial results, including those of big tech, amid the Federal Open Market Committee maintaining its target rate.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) all reported higher earnings and revenue for Q1, while Microsoft (MSFT) posted an increase in fiscal Q3 adjusted earnings and revenue. Apple (AAPL) is expected to publish its fiscal Q2 financial results after-market.The Federal Open Market Committee maintained the target range for its federal funds rate at 3.50% to 3.75%, as expected, but the level of dissent was reportedly the highest since 1992, with four officials dissenting.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $109.72 per barrel and US West Texas Intermediate crude 1.2% lower at $106.61 per barrel.In other world markets, Japan's Nikkei closed 1.1% lower, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 1.4%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.The March core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, gained 0.3%, lower than 0.4% in the prior month and meeting estimates compiled by Bloomberg.Initial jobless claims declined to 189,000 in the week ended April 25 from an upwardly revised 215,000 level in the previous week, compared with expectations for a decrease to 212,000. Q1 GDP growth was recorded at a 2.0% annual rate, compared with expectations for 2.3%.In equities, Alphabet and Amazon shares rose 7.3% and 3.4%, respectively, after the companies reported their Q1 financial results. Eli Lilly (LLY) stock was up 6.1% after the company posted Q1 non-GAAP earnings and revenue that surpassed analysts' consensus and boosted its full-year 2026 guidance.On the losing side, Meta Platforms shares were 8.4% lower, a day after the company said it raised its 2026 capital expenses outlook and reported a decline in its daily active users on a quarter-over-quarter basis. Stellantis (STLA) stock was down 2.6% after the company reported Q1 net revenue that fell short of analysts' estimates. Microsoft shares were down 0.9% despite the company posting a fiscal Q3 adjusted earnings and revenue beat.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$LLY$META$MSFT$STLA
Sectors

Sector Update: Tech

Technology stocks were advancing premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.7% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.1%.Alphabet (GOOG, GOOGL) shares were up more than 7% after the company reported higher Q1 earnings and revenue that also topped market expectations.

$GOOG$GOOGL
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Big Tech Earnings, Economic Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.5% in Thursday's premarket activity, amid optimistic big tech earnings reports and a deluge of economic data.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.6%, and Nasdaq futures gaining 0.5% before the start of regular trading.Reports releasing at 8:30 am ET include the Q1 gross domestic product (GDP) from Washington, the personal consumption expenditures (PCE)-core inflation report for March, the weekly jobless claims bulletin, and the Q1 Employment Cost Index.The April Chicago PMI posts at 9:45 am, followed by the February leading indicators report at 10 am, and the weekly natural gas stocks at 10:30 am ET.In premarket action, bitcoin was down by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was up 1.9%.Willis Towers Watson (WTW) shares were down more than 9% pre-bell after the company reported higher Q1 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.2%, the Vanguard Health Care Index Fund (VHT) was 1.1% higher, while the iShares US Healthcare ETF (IYH) was up 0.7%. The iShares Biotechnology ETF (IBB) gained 0.2%.Eli Lilly (LLY) stock was up more than 7% premarket after the company reported higher Q1 non-GAAP earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 0.4%, and the iShares US Technology ETF (IYW) was 1% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 2%, while the iShares Semiconductor ETF (SOXX) advanced by 1.3%.Alphabet's (GOOG, GOOGL) shares were up 7% in Thursday's premarket activity after the tech giant reported overnight Q1 earnings and sales above market expectations.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) was up 1.6% and the iShares US Industrials ETF (IYJ) gained 0.4%.Caterpillar (CAT) stock was up more than 5% before the opening bell after the company reported higher Q1 adjusted profit and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.2% lower, and the iShares US Consumer Staples ETF (IYK) retreated 0.1%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) was up 0.6%. The VanEck Retail ETF (RTH) gained 0.03%, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.6%.Unilever (UL) shares were up more than 2% pre-bell after the company said its Q1 underlying sales grew by 3.8%.EnergyThe iShares US Energy ETF (IYE) was down 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) declined by 1.1%.ConocoPhillips (COP) stock was down more than 2% before the opening bell after the company reported lower Q1 adjusted earnings and revenue.CommoditiesFront-month US West Texas Intermediate crude oil fell by 2.3% to $104.44 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.4% to $2.61 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 2.6%, while the United States Natural Gas Fund (UNG) was 1.5% lower.Gold futures for May were up by 1.8% to $4,641.80 an ounce on the Comex. Silver futures rose by 2.6% to $73.96 an ounce. SPDR Gold Shares (GLD) was 1.9% higher, and the iShares Silver Trust (SLV) gained by 2.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CAT$COP$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LLY$PMR$QQQ$RTH$SLV$SOXX$SPY$UL$UNG$USO$VDC$VHT$VIS$WTW$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

Big Tech Earnings, Fed Rate Decision Nudge US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Thursday as traders absorbed the latest round of financial results, including those of big tech, amid the Federal Open Market Committee maintaining its target rate.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.5% lower.Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) all reported higher earnings and revenue for Q1, while Microsoft (MSFT) posted an increase in fiscal Q3 adjusted earnings and revenue. Apple (AAPL) is expected to publish its fiscal Q2 financial results after-market.The Federal Open Market Committee maintained the target range for its federal funds rate at 3.50% to 3.75%, as expected, but the level of dissent was reportedly the highest since 1992, with four officials dissenting.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $108.81 per barrel and US West Texas Intermediate crude 2.4% lower at $104.30 per barrel.The March core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, scheduled for release at 8:30 am ET, is expected to increase 0.3%, compared with the prior month's gain of 0.4%, according to estimates compiled by Bloomberg.Initial jobless claims are projected to have declined to 212,000 in the week ended April 25 from 214,000 in the prior week. The advance estimate for Q1 GDP is seen coming in at 2.3%, up from 0.5% in the previous quarter.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$META$MSFT
US Markets

Stocks Mostly Up Pre-Bell as Traders Digest Big Tech Earnings, Await Key Inflation Report

US equity markets were mostly pointing higher before the opening bell Thursday as investors digest the latest financial results from some of the biggest technology companies and await a key inflation report.The S&P 500 rose 0.1% and the Nasdaq added 0.2% in premarket activity, while the Dow Jones Industrial Average declined 0.2%. The indexes finished the previous trading session mixed.Shares of Meta Platforms (META) fell 8.8% pre-bell after the Facebook parent lifted its full-year capital expenditure guidance mainly due to higher component pricing, even though it reported stronger-than-expected first-quarter results. Microsoft (MSFT) decreased 1.8% as the tech giant said its capital expenditures will be about $190 billion in 2026, while its fiscal third-quarter results topped market estimates."It's crystal clear to us that the (artificial intelligence) revolution is accelerating at a warp speed pace with 2026 being an inflection point year for AI with hyperscalers now investing over $700 billion in (capital expenditures) in (2026) to capitalize on the opportunities in the space," Wedbush Securities said in a Thursday client note.Alphabet's (GOOG, GOOGL) class A and C shares climbed more than 6% each amid upbeat first-quarter results. Amazon (AMZN) inclined 2.5% as the e-commerce giant issued a strong second-quarter revenue outlook.iPhone maker Apple (AAPL) is scheduled to release its quarterly earnings after the markets close. Eli Lilly (LLY), Mastercard (MA), Caterpillar (CAT), Merck (MRK), Royal Caribbean Cruises (RCL) and Hershey (HSY) are slated to announce their results before the bell, among others.The personal income and outlays report for March is due to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.The central bank's Federal Open Market Committee left its benchmark interest rate unchanged on Wednesday as policymakers saw the Middle East conflict fueling uncertainty around the US economic outlook. In a post-meeting press conference, Jerome Powell said he will stay on as a Fed governor for an indefinite period after his term as Fed chief expires on May 15.The US Senate Banking Committee on Wednesday voted to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Treasury yields were down in premarket action, with the two-year rate retreating 3.2 basis points to 3.9% and the 10-year rate off 1.8 basis points to 4.4%.President Donald Trump is expected to receive a briefing on fresh potential military options against Iran on Thursday, Axios reported, citing two sources with knowledge. Trump recently told the news outlet that he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal.West Texas Intermediate crude oil slipped 0.2% to $106.62 a barrel before the open, while Brent decreased 1.6% to $116.20.Thursday's economic calendar also has the initial estimate report for the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin. The Chicago purchasing managers' index for April posts at 9:45 am.Gold rose 1.8% to $4,642 per troy ounce, while bitcoin moved 0.7% higher to $75,974.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CAT$GOOG$GOOGL$HSY$LLY$MA$META$MRK$MSFT$RCL
US Markets

Meta Raises 2026 CapEx Forecast Amid High Component Pricing; First-Quarter Results Top Views

Meta Platforms (META) shares fell early Thursday as the Facebook parent raised its full-year capital expenditure guidance mainly due to higher component pricing, even though it reported stronger-than-expected first-quarter results.The technology giant now anticipates capital expenditures to be in a range of $125 billion to $145 billion for 2026, up from its previous projections of $115 billion to $135 billion, Chief Financial Officer Susan Li said in a late Wednesday statement."We are increasing our infrastructure (capital expenditure) forecast for this year," Chief Executive Mark Zuckerberg said during an earnings call, according to a FactSet transcript. "Most of that is due to higher component costs, particularly memory pricing."Capital expenditures stood at $19.84 billion for the March quarter. Shares of the company, which also owns WhatsApp and Instagram, fell nearly 9% in the most recent premarket activity."The trend over the last few years seems clear that we are seeing an increasing return on the amount that we can improve engagement for people and value for advertisers," Zuckerberg said. "This encourages us to continue investing heavily in what we expect will provide increasing value over the coming years as well."Microsoft (MSFT) said Wednesday that it expects capital expenditures of $190 billion for the 2026 calendar year, including roughly $25 billion from higher component pricing.Meta continues to see regulatory scrutiny over youth-related issues and has additional trials scheduled in the US this year, which may result in a "material loss," Li said. On Wednesday, the European Commission said it preliminarily found Meta to be in breach of the Digital Services Act for failing to prevent minors under 13 from accessing Instagram and Facebook.For the first quarter, the company's net income surged to $10.44 a share from $6.43 the year before, topping FactSet-polled consensus of $6.67. Revenue climbed 33% to $56.31 billion, ahead of the Street's view for $55.56 billion.Advertising revenue jumped to $55.02 billion from $41.39 billion in the 2025 quarter. Average price per ad inclined 12%, amid broad-based growth as the group benefited from ad performance improvements, better macro conditions versus the prior-year period and currency tailwinds in international regions, Li said on the call.Daily active users for the company's family of apps, including Facebook, Instagram and WhatsApp, increased 4% on a yearly basis to 3.56 billion on average for March, but were down on a quarterly basis due to internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia. Revenue for Reality Labs, Meta's virtual reality research unit, declined to $402 million from $412 million last year.For the current three-month period, the tech giant expects revenue to come in between $58 billion and $61 billion, including a 2% foreign-exchange tailwind. The Street is looking for $59.62 billion.Google parent company Alphabet (GOOG, GOOGL) also disclosed first-quarter results above Wall Street's estimates late Wednesday, while e-commerce giant Amazon (AMZN) issued an upbeat second-quarter revenue outlook.

$AMZN$GOOG$GOOGL$META$MSFT
Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Alphabet Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target to $410 from $370 on a P/E of about 29x our 2027 EPS view, above peers/historical to reflect good visibility for AI monetization/cloud growth. After Q1 beat, we lift our 2026 EPS view to $14.25 (benefits from one-time asset gains) from $11.30 and 2027's to $14.09 from $13.20. We see Google Cloud well-positioned, with the near-doubling of backlog (revenue +63% in Q1) providing high revenue visibility and validating its massive infrastructure investments. We also think AI integration across Search is driving an expansionary moment with queries at all-time highs, supporting our view that AI enhances Google's core advertising franchise. The 19% Search revenue growth in Q1, coupled with new monetization opportunities through AI Mode, Direct Offers, and the Universal Commerce Protocol, suggests pricing power and ad upside. We also think GOOG's full-stack AI strategy offers upside, from proprietary TPUs (getting into the hardware business) to Gemini models to enterprise applications.

$GOOG
Wire

Update: Alphabet Q1 Earnings, Revenue Rise; Shares Jump Premarket

(Updates with the stock move in the headline and the first paragraph.)Alphabet's (GOOG, GOOGL) shares were up 6% in Thursday's premarket activity after the tech giant reported overnight Q1 earnings and sales above market expectations.The company reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier.Analysts polled by FactSet expected $2.63.Revenue for the quarter ended March 31 rose to $109.9 billion, up from $90.2 billion a year earlier.Analysts surveyed by FactSet expected nearly $106.96 billion.The company raised its quarterly cash dividend to $0.22 per share from $0.21, payable June 15 to stockholders of record as of June 8.Price: $368.21, Change: $+20.90, Percent Change: +6.02%

$GOOG$GOOGL
Research

Research Alert: Alphabet Posts Strong Q1 Beat; Cloud Backlog Nearly Doubles

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:GOOG delivered exceptional Q1 results with revenues of $109.9B (+22% Y/Y vs 18% forecast) and EPS of $5.11, well ahead of $2.63 consensus. Google Cloud was the standout with remarkable 63% growth to $20.0B, accelerating from historical rates and demonstrating success in capturing enterprise AI demand. The cloud backlog nearly doubled to over $460B, providing strong future revenue visibility and validating management's AI infrastructure investments. AI momentum is generating high ROI across the ecosystem, with Gemini models processing 16B tokens per minute (+60% Q/Q) and driving usage expansion across core products, including Search revenues of $60.4B (+19%). Operating leverage remains strong despite heavy AI investments, with operating margin expanding 200 bps to 36.1% and operating income growing 30% to $39.7B. We believe the diversified growth reinforces platform strength, with Google Services growing 16% and emerging initiatives like Waymo showing progress with 500k autonomous rides weekly.

$GOOG
US Markets

Alphabet Beats First-Quarter Views Amid Google Cloud, Services Strength

Alphabet's (GOOG, GOOGL) first-quarter results exceeded Wall Street's estimates as revenue for Google's cloud and services businesses climbed.Per-share earnings rose to $5.11 from $2.81 a year earlier, compared with the GAAP consensus on FactSet of $2.63. Revenue increased 22% to $109.9 billion, above the Street's $106.96 billion view.The company's shares were up 5.4% in after-hours trading.The Google cloud segment's sales surged 63% to $20.03 billion, driven by enterprise artificial intelligence solutions and infrastructure, Alphabet said.Google services revenue increased 16% to $89.64 billion in the first quarter, buoyed by a jump in advertising to $77.25 billion from $66.89 billion."This was our strongest quarter ever for our consumer AI plans, driven by the Gemini App," Alphabet and Google Chief Executive Sundar Pichai said in a statement. "Overall the number of paid subscriptions has now reached 350 million, with YouTube and Google One being the key drivers."Wedbush Securities expected "another strong beat," saying Wall Street was underestimating growth potential of cloud, AI-powered search, and YouTube."This print will reinforce that Alphabet is well-positioned to grow across its vertically integrated AI flywheel spanning Gemini 3, custom (tensor processing units) silicon, a hyperscale cloud business at a ($70 billion-plus) run rate, and its valuable consumer ad property," Wedbush analysts, including Dan Ives, said in a note on Wednesday ahead of the earnings release.Alphabet's shares gained about 11% so far this year through Wednesday close.

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Wire

Alphabet Q1 Earnings, Revenue Rise

Alphabet (GOOG, GOOGL) reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier.Analysts polled by FactSet expected $2.63.Revenue for the quarter ended March 31 rose to $109.9 billion, up from $90.2 billion a year earlier.Analysts surveyed by FactSet expected nearly $106.96 billion.The company raised its quarterly cash dividend to $0.22 per share from $0.21, payable June 15 to stockholders of record as of June 8.

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