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3 Big Tech Earnings Reports to Watch as AI Bills Keep Growing

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Big tech earnings arrive this week, with Microsoft, Alphabet, and Amazon all releasing quarterly reports. In their latest quarters, Google Cloud grew 82%, Azure 42%, and Amazon Web Services (AWS) 37%, while all three spent heavily on AI infrastructure. Microsoft and Alphabet report on Wednesday, hours after the Federal Reserve announces its rate decision at 2 p.m. Eastern Time (ET). Amazon follows on Thursday. Microsoft’s Azure Faces a 45% Growth Bar Microsoft reports after the close on Wednesday, October 28, covering the first quarter of its 2027 fiscal year. Analysts expect earnings per share (EPS) of $4.71, against $4.13 a year earlier, according to ChartRow . Revenue consensus is $90.63 billion, up from $77.67 billion a year earlier, according to MarketBeat .

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