Economic Times03/05/2026BusinessIndia
Big Tech Q1 2026 Earnings: Record $674B AI Spend, 90K+ Job Cuts
Amazon, Meta, Microsoft, and Alphabet report revenue growth while announcing massive AI infrastructure investments and widespread layoffs
L'essentiel
- Big Tech's Q1 2026 earnings reveal significant AI-driven transformation.
- Amazon reported $181.5B in net sales (up 17%), Microsoft $82.89B (up 18%), and Alphabet $109.9B (up 22%).
- Combined AI capex for the four hyperscalers is projected at $674B for 2026, more than double 2024 levels.
Résumé généré par IA
Taille de police
Big Tech's Q1 2026 earnings reveal significant AI-driven transformation. Amazon reported $181.5B in net sales (up 17%), Microsoft $82.89B (up 18%), and Alphabet $109.9B (up 22%). Combined AI capex for the four hyperscalers is projected at $674B for 2026, more than double 2024 levels. Meanwhile, over 90,000 tech workers have been laid off in 2026, as companies redirect savings from workforce reductions toward AI infrastructure spending.
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This article was originally published by Economic Times.
