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.
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.
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.
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.
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.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: FellowNeko / Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
