Microsoft is expected to report revenue of around USD 81.5bn (+16% YoY) and EPS of roughly USD 4.04 (+17%). The key focus will be Azure AI Services, where revenue expectations have risen sharply, now seen at USDbn 23 for FY26 vs. USDbn 19 earlier. At the same time, capital spending is surging toward USD 130bn by FY27, raising questions about efficiency and AI monetisation
Meta is expected to post revenue of around USDbn 55.5 (+31% YoY) and EPS of about USD 6.65 (+3%). Growth remains heavily supported by advertising strength across Facebook and Instagram, increasingly powered by AI targeting tools. However, rising AI-related capex of up to USDbn 135 and losses in Reality Labs remain key pressure points.
Amazon is projected to report revenue of roughly USD 177bn (+14%) with EPS around USD 1.62 (+2%). The main driver remains AWS, expected to grow in the mid-20% range, supported by strong AI infrastructure demand. At the same time, investors are watching margins in retail, advertising growth, and whether rising logistics costs could pressure profitability amid a high investment cycle approaching USD 200bn capex in FY26.
Alphabet is expected to report revenue of around USD 92bn (+~20%) with EPS of USD 2.62 (-7%). Google Cloud remains a key focus, with growth expected above 50% YoY, while Search resilience continues to support the core business despite AI disruption concerns. The big debate, however, is capex, which is set to nearly double to USD 175–185bn in FY26, raising questions about future cash flow and returns.
Across all four names, the key theme remains the same: aggressive AI investment vs. proof of monetisation. Cloud growth (Azure, AWS, Google Cloud), advertising resilience (Meta) and cost discipline will define reactions – not just headline earnings. With expectations elevated and positioning stretched, this earnings cluster is set to be a major volatility event. For active investors, it creates a classic setup where guidance and AI commentary may matter more than the reported numbers themselves – potentially opening opportunities in short-term directional trades via leveraged products.
We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: 058 800 11 11, email info@leonteq.com or contact us here.