4 US Stocks Earnings to Watch This Week: Will AI Spending Finally Pay Off?
Microsoft, Meta, Apple, and Amazon are the four US stocks with earnings to watch this week. Investors care less about profit beats than about whether record AI spending is producing revenue.
Alphabet already set the bar on July 22. Its shares fell despite beating on nearly every line, punished for lifting full-year capital spending guidance toward $205 billion.
Why Alphabet's Selloff Reset Big Tech Earnings Expectations
Alphabet posted second-quarter revenue of $119.8 billion, a 24% annual increase. Diluted earnings reached $9.11 a share. Google Cloud revenue climbed 82% to $24.8 billion.
The stock still dropped roughly 4% after hours. Management had raised 2026 capital expenditure guidance to a range of $195 billion to $205 billion. The prior range topped out at $190 billion.
Quarterly capital spending hit $44.9 billion, roughly double the year-earlier figure. Free cash flow turned negative at $5.9 billion.
That combination is the new market test. Beating on revenue no longer protects a stock if spending guidance rises faster.
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