Microsoft, Alphabet, Meta, Amazon report April 29

Microsoft, Alphabet, Meta and Amazon are all due to report quarterly results on Wednesday, April 29, packing four of the market’s biggest artificial-intelligence spenders into one after-hours stretch. (microsoft.com) (abc.xyz) (investor.atmeta.com) (ir.aboutamazon.com) Alphabet said its first-quarter 2026 call will begin at 4:30 p.m. Eastern. Meta and Amazon both set their calls for 5:30 p.m. Eastern, while Microsoft said it will report after the market closes and webcast at 2:30 p.m. Pacific. (abc.xyz) (investor.atmeta.com) (ir.aboutamazon.com) (news.microsoft.com) The timing matters because these four companies sit at the center of the data-center buildout behind the current AI trade. Bloomberg reported in February that Alphabet, Amazon, Meta and Microsoft together had forecast about $650 billion of capital expenditures for 2026. (bloomberg.com) That spending surge has shifted the earnings question from whether these companies will invest to whether the revenue is arriving fast enough. U.S. News, citing LSEG data, reported Tuesday that investors are looking for proof that cloud, advertising and AI products can justify years of elevated outlays. (money.usnews.com) The market backdrop is unusually concentrated. Bloomberg reported that the “Magnificent Seven” were worth nearly $16 trillion heading into this week, and that the group helped drive a 13% rebound in the S&P 500 from its April low. (finance.yahoo.com) (bloomberg.com) That concentration also raises the stakes for any disappointment on margins or capital spending. TheStreet reported Tuesday that the Magnificent Seven fell 16% in the first quarter of 2026, more than twice the S&P 500’s decline, before rebounding this month. (thestreet.com) For Microsoft, investors are likely to focus on Azure growth and whether Copilot products are adding enough sales to offset AI infrastructure costs. For Alphabet and Meta, ad demand and spending discipline will share the spotlight with AI monetization. (money.usnews.com) (cnbc.com) Amazon faces a split screen between retail and Amazon Web Services, with investors watching whether cloud demand and AI services can support another year of heavy investment. All four reports land one day before Apple is scheduled to report on Thursday, April 30. (money.usnews.com) (fxstreet.com) By late Wednesday, investors should have one compressed read on the companies financing much of the AI buildout — and on how much patience Wall Street still has for the bill. (money.usnews.com) (bloomberg.com)