Overview
- Alphabet reported $102.3 billion in Q3 revenue, its first $100 billion quarter, with advertising up 12% as AI Overviews and AI Mode lifted search queries.
- Google Cloud revenue rose to $15.15 billion, up about 33% year over year, and its AI-driven backlog expanded to roughly $155 billion with more billion-dollar deals signed.
- Alphabet raised 2025 capital spending guidance to $91–$93 billion and indicated a significant increase in 2026, allocating more to servers, data centers, and networking.
- Microsoft posted 18% revenue growth to $77.7 billion and $34.9 billion in quarterly capex, signaling higher FY26 spending as it expands AI capacity and manages a revamped OpenAI partnership.
- Meta’s revenue grew 26% to $51.2 billion, but net income was reduced by a $15.93 billion one-time tax charge; the company set 2025 capex at $70–$72 billion and said 2026 will be notably larger, pressuring its shares after hours.