After-hours earnings movers: Alphabet +7%, Qualcomm +13%, Meta -6% — full post-bell roundup
Results from dominant cloud and tech players (Alphabet, Amazon, Microsoft) significantly beat estimates, outweighing disappointments from Meta and KLA. The overall earnings season tone is positive, underpinned by robust AI infrastructure demand.
- 01Alphabet surged ~7% after beating revenue estimates ($109.9B vs. $107.2B expected) and delivering a major Google Cloud upside (+63% YoY to $20B); 2026 capex raised to up to $190B.
- 02Qualcomm jumped 13% as CEO announced data center chip shipments to a large hyperscaler within the calendar year; Q2 adjusted EPS of $2.65 beat the $2.56 consensus.
- 03Amazon gained 4% on strong Q1 results (EPS $2.78 vs. $1.64 expected; revenue $181.5B vs. $177.3B); capex of $44.2B came in slightly above estimates.
- 04Meta fell 6% despite a revenue beat — Q1 capex of $19.84B missed the $27.57B forecast and user growth disappointed; full-year capex guidance raised to $125–145B.
- 05Microsoft was little changed after a solid Q3 FY beat; Azure and cloud services grew 40% YoY.
- 06KLA Corp dropped 10% on a weak Q4 outlook (EPS guidance below consensus); Teladoc Health fell 11% on a wider-than-expected loss.
- 07Positive surprises also came from Carvana (+8%), Chipotle (+3%), Sprouts Farmers Market (+5%), O'Reilly Automotive (+4%), and Wyndham Hotels (+4%).
Massive capex commitments from Alphabet, Amazon, and Meta (collectively hundreds of billions USD) confirm the structural AI infrastructure investment trend — portfolios with cloud and semiconductor exposure are a relevant discussion topic in current conditions; Qualcomm's entry into data center chips is a development worth monitoring.
Strong results from US tech giants may boost global risk appetite and positively affect European tech stocks and Czech equity funds with global tech exposure. Dollar strength in reaction to earnings may exert mild pressure on the CZK/USD exchange rate.