🚨 🇺🇸 Microsoft beats on Azure while Alphabet misses on profit, and both spend less on capex than expected

🚨 🇺🇸 Microsoft beats on Azure while Alphabet misses on profit, and both spend less on capex than expected

• 🇺🇸 Microsoft: fiscal Q1 EPS 4.92 vs 4.72 expected, revenue 92.3bn vs 90.6bn, Azure growth 48% ex-FX vs about 44.8% expected, cloud revenue 63.9bn vs 61.6bn (newswires)
• 🇺🇸 Microsoft capex came in at 39.4bn, well below the roughly 45.9bn expected

FO view: Microsoft's beat cushions the index for now, but Alphabet's search miss adds to worries about AI eating into ad revenue.

29 Oct 2026, 00:36 GST | 20:36 UK (GMT)

Not investment advice.