- Alphabet reported Q2 revenue of $119.796 billion, with its quarterly capex hitting $44.9 billion and leading to a negative free cash flow of $5.9 billion.
- Microsoft reported Q4 FY2026 revenue of $90.01 billion, with commercial RPO rising 84% to $678 billion.
- Microsoft's stock surged 15% post-earnings while Alphabet's stock slipped, reflecting differing market sentiment regarding their AI monetization strategies.
Quotes
“differentiated, full stack approach to AI”
“advancing the frontier on the cost-to-outcome curve”