--- title: "Just Next Thursday! The Big Four Tech Giants Release Earnings on the Same Day, and Surging AI Faces a \"Moment of Truth\"" type: "News" locale: "en" url: "https://longbridge.com/en/news/284105835.md" description: "The four major tech giants will submit their financial reports simultaneously at dawn on April 30 Beijing Time—Alphabet, Microsoft, Meta Platforms, and Amazon. Their combined capital expenditure is approaching $600 billion, with funds still pouring into AI infrastructure. However, market patience is narrowing: this earnings season, investors no longer seek promises of \"willingness to spend,\" but rather real answers regarding accelerating cloud revenue, confirmed orders, and controlled profit margins. Whoever can answer all these questions well will secure a more stable position" datetime: "2026-04-26T09:10:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284105835.md) - [en](https://longbridge.com/en/news/284105835.md) - [zh-HK](https://longbridge.com/zh-HK/news/284105835.md) --- # Just Next Thursday! The Big Four Tech Giants Release Earnings on the Same Day, and Surging AI Faces a "Moment of Truth" Over the past few weeks, the strongest trend in the U.S. stock market has been AI. The S&P 500 and Nasdaq have rebounded approximately 11% and 18%, respectively, from their lows, as capital has flowed back into technology, data centers, and related infrastructure. **The moment of truth arrives next Thursday.** According to U.S. time, after market close on Wednesday, April 29, Alphabet, Microsoft, Meta Platforms, and Amazon will release their earnings results on the same trading day; converted to Beijing Time, this falls between dawn and early morning on Thursday, April 30. Alphabet's conference call is scheduled for 1:30 PM Pacific Time, while Microsoft, Meta Platforms, and Amazon are set for 2:30 PM. All four companies are almost squeezed into the same reporting window. This recent market rally was not unfounded. Several companies continue to increase their investments. Alphabet's capital expenditure guidance for this year ranges between $175 billion and $185 billion; Meta Platforms has provided an interval of $115 billion to $135 billion; Microsoft's capital expenditure reached $37.5 billion last quarter, with about two-thirds directed toward short-cycle assets such as graphics processing units (GPUs) and central processing units (CPUs); Amazon raised its projected capital expenditure scale for 2026 directly to approximately $200 billion in its shareholder letter. The continued influx of capital is itself a significant reason why the market dares to chase these stocks. **Alphabet's pressure this time lies primarily on the cost side.** The company has long warned that depreciation growth would accelerate in the first quarter and rise significantly over the full year. Continued investment increases are expected; what matters more to the market is whether cloud business and AI-related revenue can absorb these expenditures faster. If the earnings report only proves that Alphabet will continue to invest, the stock price may not see much surprise; stabilizing both cloud business performance and profit margins carries a different significance. Microsoft faces a different challenge. Capital expenditure has already reached $37.5 billion, yet management maintains that demand still exceeds supply. This statement is strong and has elevated market expectations significantly. **As long as Azure's growth rate and enterprise demand continue to rise, Microsoft has the ability to justify high investment as securing market share early; if growth rates fail to support such substantial spending, market focus will shift from orders to return periods.** Meta Platforms' proposition is the most direct. It possesses the strongest advertising cash flow alongside the most aggressive infrastructure investment. The company has clearly stated that capital expenditure will reach $115 billion to $135 billion by 2026, while full-year operating profits will remain higher than those of 2025. **With statements made to this extent, market judgment will quickly follow the earnings release: whether the profitability of the advertising business can continue to cover the expansion speed of AI investments.** Amazon's rhythm differs again. Its issue is not just heavy investment, but that realization of many expenditures looks further ahead. Andy Jassy stated clearly in the shareholder letter that most cloud business capital expenditures for 2026 will be gradually realized between 2027 and 2028; the company has also secured a considerable portion of customer commitments. Meanwhile, AWS added 3.9 gigawatts of power capacity in 2025, with total capacity expected to double by the end of 2027, though the company still acknowledges capacity constraints and unmet demand. For this earnings report, the market will pay special attention to how management discusses customer commitments, capacity ramp-up, and realization timelines. This is precisely what makes next Thursday particularly noteworthy. Previously, the market mainly traded on "who dares to keep spending." Now, investment scales have grown too large to rely solely on narratives. Once the earnings are released, questions will become more concrete: Has revenue growth accelerated? Are orders becoming clearer? Are profit margins and cash flows beginning to face pressure? Among the four companies, whoever answers these points well together will secure a more stable position. Whose investments remain confined to distant speculation will experience greater volatility. For assets, the four major corporations themselves will be affected first. After the earnings release, what determines stock prices may not just be how much revenue and earnings per share exceed expectations, but rather the scope of annual capital expenditure, cloud business growth rates, disclosure of AI-related revenue, and whether profit margins show more pronounced pressure. Looking further outward, the chain comprising semiconductors, servers, networking equipment, and data center equipment remains most directly tied to the majors' investments. Recently, software and chips have shown divergence, indicating that within this main theme, market attention is shifting closer to areas near orders and infrastructure. If the four earnings reports continue to confirm demand and capital expenditure intensity, this divergence will become even more pronounced. Therefore, next Thursday resembles more of a screening point than a master switch. **There is currently no evidence that the AI theme is ending; heat and capital remain abundant. What is more likely is that internal pricing mechanisms will continue to diverge. Companies with faster realization, firmer orders, and more stable profits will continue to receive premiums; for companies and segments with massive investment and vast potential but unclear return paths, stock price volatility will be more evident.** **On the day of the earnings release, the most important things to watch are specific items: Will the annual capital expenditure scope be raised again? Will cloud business growth rates continue to climb? Is there clearer disclosure of AI-related revenue? Are profit margins and cash flows showing more obvious pressure? Among these four questions, as long as growth and demand remain strong and cost pressures have not obviously spiraled out of control, this trade is not yet complete; should the market need to recalculate, it will start with the most expensive, most crowded, and most dependent-on-distant-realization segments.** ### Related Stocks - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [FDN.US](https://longbridge.com/en/quote/FDN.US.md) - [CLOU.US](https://longbridge.com/en/quote/CLOU.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [XLC.US](https://longbridge.com/en/quote/XLC.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [IXP.US](https://longbridge.com/en/quote/IXP.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [VOX.US](https://longbridge.com/en/quote/VOX.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [FCOM.US](https://longbridge.com/en/quote/FCOM.US.md) - [IXN.US](https://longbridge.com/en/quote/IXN.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) ## Related News & Research - [Meta plans 10% layoffs as AI spending soars: Source](https://longbridge.com/en/news/283911343.md) - [Meta Platforms Will Close 6,000 Open Positions in Addition to Major Layoffs as META Stock Investors Worry That AI Spend Is Just Too Much](https://longbridge.com/en/news/284083681.md) - [Meta cuts about 8,000 jobs, telling workers it’s focused on efficiency](https://longbridge.com/en/news/283894783.md) - [Meta is tracking employee keystrokes on Google, LinkedIn, Wikipedia as part of AI training initiative](https://longbridge.com/en/news/283739838.md) - [Microsoft Reportedly Eyed Cursor Before SpaceX's $60 Billion Deal— But Chose Not To Proceed](https://longbridge.com/en/news/283799323.md)