Xbox sales have been tanking for a while now — and the story hasn’t gotten any brighter. Microsoft just released its Q1 2026 earnings and Xbox hardware revenue was down 29 percent year-over-year. Last quarter, it was down 22 percent. Down 29…
Google’s parent company, Alphabet, displayed steady growth in its core advertising business and cloud computing division as it reported third-quarter earnings on Wednesday, beating Wall Street estimates as it reported its first quarter of $100bn in revenue.
The company thrilled Wall Street – shares rose in after-hours trading – even as it announced that it would spend billions more than previously predicted. Alphabet raised its capital expenditure guidance in financial filings, declaring it would spend between $91bn and $93bn in the upcoming year, nearly all of it on infrastructure like datacenters to support artificial intelligence products, which are becoming an integral part of the company’s business. That estimate is up from an original declaration of $75bn in February and a revised figure of $85bn announced in July.
The company reported total revenue of $102.35bn for the quarter, compared with analysts’ average estimate of $99.89bn, according to data compiled by LSEG.
Google Cloud remained one of Alphabet’s fastest-growing segments, benefiting from surging enterprise demand for AI-powered infrastructure and data analytics services. The unit posted revenue of $15.16bn, topping estimates of $14.72bn. The performance was likely boosted by burgeoning enterprise demand for its AI infrastructure.
The unit continues to close the gap with larger rivals Microsoft Azure and Amazon Web Services, aided by strong take-up of Vertex AI and custom tensor processing units.
Competition in the broader AI and cloud market is intensifying, with rivals aggressively cutting prices and introducing new generative-AI capabilities.
Alphabet’s advertising unit, which brings is the vast majority of the company’s revenue, has been competing in a crowded field of rivals vying for more ad dollars as lower interest rates are expected to lift the economy.
However, analysts have pointed to cautious spending from advertisers in some sectors who are grappling with economic uncertainty due to pressures from tariff costs and a rapidly evolving global trading landscape.
Still, Wall Street expects the company to benefit from advertisers moving away from experimental ad platforms like Snapchat and others.
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The results come just days after Microsoft and SoftBank Group-backed OpenAI unveiled its AI-powered Atlas browser, aimed at directly competing with Google’s core search engine and Chrome browser, the most popular in the world.
The launch represents one of the most significant challenges to Google’s search dominance in years and will be a key focus for investors listening for management’s response to the rising competitive threat to its most lucrative business.
YouTube, the internet’s biggest video streaming platform, continues to flex its muscles as an advertising powerhouse, again delivering solid double-digit growth for the third quarter of 2025.
CFO Commentary to Be Provided in Writing Ahead of Call
SANTA CLARA, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) — NVIDIA will host a conference call on Wednesday, November 19, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the third quarter of fiscal year 2026, which ended October 26, 2025.
The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a Q&A session, which will be limited to questions from financial analysts and institutional investors.
Ahead of the call, NVIDIA will provide written commentary on its third-quarter results from Colette Kress, the company’s executive vice president and chief financial officer. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.
The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its fourth quarter and fiscal year 2026.
About NVIDIA NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.
The Institute of Contemporary Art San Francisco (ICA SF) will leave its current home at The Cube in December in favor of adopting a “a fully nomadic, citywide model” that will see it present exhibitions and programs at various sites across…
Inflation may be stuck around 3%, but Fed Chair Jerome Powell says the story underneath the surface is more nuanced — and in some ways, closer to the central bank’s target than it appears.
At the post-decision press conference, Powell broke down the September CPI report and the factors driving prices higher, emphasizing that tariffs, rather than broad-based price pressures, are the primary culprit behind sticky goods prices.
“The September CPI report …was a little softer than expected,” Powell said. “Basically, you’ve seen goods prices increasing, and that’s really due to tariffs. And that’s compared to a longer-run trend of very, very mild deflation in goods. So that’s moving inflation up.”
He added that housing inflation, which had long been a thorn in the Fed’s side, is finally showing sustained improvement.
“The housing services inflation has been coming down and is expected to continue to come down,” he said. “That leaves the biggest category … services other than housing services. And that’s kind of been moving sideways over the last few months.”
Powell suggested that once you strip out the impact of tariffs, underlying inflation is running much closer to the Fed’s 2% target, likely around 2.3% to 2.4%, or just a few tenths of a percentage point above the goal.
“We’re absolutely committed to returning inflation to 2%,” he said. “If you look at longer-term surveys or market pricing, you will see that that’s a credible commitment. And there should be no question that that’s where we’re going.”
