Microsoft, Alphabet, Amazon and Intel Earnings Shake Up Big Tech, Verizon Forecasts Face Cuts and More: This Week in Tech

It was a busy earnings week, with major technology companies delivering a mix of beats, misses and shifting expectations. Investors received fresh updates on cloud growth, quarterly revenue and forward guidance.

Microsoft posted strong cloud-related results, while Alphabet Inc., Amazon.com Inc. and Intel Corp. reported results that carried more complicated messages.

Verizon Analysts Cut Their Forecasts

Verizon reported third-quarter earnings of $1.31 per share, topping the analyst consensus estimate of $1.27, according to the company’s results. Quarterly revenue came in at $34.313 billion, below the consensus estimate of $34.744 billion. The combination of an earnings beat and a sales miss preceded lower analyst forecasts for Verizon.

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Microsoft Delivered A Double Beat

Microsoft Corporation released its first-quarter financial results Wednesday after the market closed, with the report highlighting gains across its cloud operations. Cloud revenue increased 30%, while Azure growth reached 48%. The results were presented as key highlights from Microsoft’s quarterly report, which arrived after the company’s latest reporting period ended.

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Alphabet Missed Third-Quarter Estimates

Alphabet reported approximately $127.58 billion in third-quarter revenue, below analyst expectations of $128.20 billion, according to Benzinga Pro. The Google parent company posted quarterly earnings of $2.12 per share, compared with estimates of $3.02 per share. Google Cloud revenue surged, but Alphabet’s stock fell after the results were released Wednesday.

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Amazon Reported A Third-Quarter Double Miss

Amazon posted revenue of $201.94 billion, missing the consensus estimate of $202.31 billion, according to Benzinga Pro. The company also reported quarterly earnings of $1.89 per share, below the $1.97-per-share analyst estimate. The results arrived after Thursday’s market close, with the report noting that Amazon shares dropped.

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Intel Issued Weaker-Than-Expected Guidance

Intel reported fiscal 2026 third-quarter earnings of 52 cents per share, exceeding the consensus estimate of 40 cents by 30%, based on Benzinga Pro data. However, the chipmaker provided fourth-quarter guidance well below analyst expectations. Intel released its results after Thursday’s closing bell, and its stock subsequently crashed following the earnings announcement.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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