APPLE $AAPL JUST REPORTED EARNINGS EPS of $1.85 beating expectations of $1.75
Revenue of $102.5B beating expectations of $101.8B🟢 Stock is up 5% in after hours 🚀 The company's chief financial officer said Apple expects total company revenue to grow 10 to 12% year over year in the three months to December, with iPhone revenue growing double digits $AAPL Apple Q4 FY25 (Sept. quarter): 💳 Services +15% Y/Y to $28.8B. 📱 Products +5% Y/Y to $73.7B. • Revenue +8% Y/Y to $102.5B ($0.2B beat). • Operating margin 32% (+0.5pp Y/Y). • EPS $1.85 ($0.08 beat). Source: App Economy Insights @EconomyApp
In Q1 2026, Microsoft $MSFT's CapEx totaled $35B, up 44% QoQ
That brings Last Twelve Months (LTM) CapEx to over $100B. Source: Quartr
Very important read-through of yesterday's mega cap tech earnings ➡️
Hyperscaler CapEx remains sky-high: • $GOOGL: FY $91–93B (vs $85B est) • $MSFT: Q1 $34.9B (vs $30B est) • $META: Expects higher CapEx in 2026 Note that Google raises 2025 Capex for the second time this year: “With the growth across our business and demand from Cloud customers, we now expect 2025 capital expenditures to be in a range of $91 billion to $93 billion." BULLISH 🚀 Source: Investing visuals @InvestingVisual Michael Horner @michaelbhorner
IBM’s post-earnings selloff wasn’t about the numbers — it was about the narrative.
On paper, the results were great: ✅ Revenue & earnings beat expectations ✅ Guidance raised ✅ Record free cash flow But in the AI era, “good” isn’t good enough. Investors wanted explosive AI-fueled growth. What they got was solid execution — and that’s not what the market is rewarding right now. This is the re-rating of expectations in real time. IBM is doing a lot right, but markets are chasing narrative velocity over operational discipline. Source: EndGame Macro @onechancefreedm
🔥 NVIDIA (NASDAQ: $NVDA) earnings are in! Another DOUBLE beat from the world’s most valuable company! 🚀
EPS: $1.05 vs. $1.01 est. (+4.17%) YoY EPS growth: +54.41% ($0.68 last year) Revenue: $46.743B vs. $46.018B est. (+1.58%) YoY Revenue growth: +55.60% ($30.04B last year) Q2 FY26 Highlights: 🤖 Data Center: $41.1B 🧠 Blackwell AI surge: +17% seq 💰 New $60B buyback approved Q3 guide: $54B revenue 😤Note that the outlook does NOT include any shipments of H20 chips to China. Nvidia is excluding China data center revenue from future projections to give Wall Street a clearer baseline in an otherwise volatile environment. Bottom-line: Nvidia beat on revenue and earnings but didn't raise guidance. The result? It's down after market, but no crash (-2% to -3%). Source: Quant Data @QuantData, Day Trading News
$NVDA Q2 2026
"Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary." - Jensen Huang Revenue growth by segment: *Data Center +56% *Gaming +49% *Professional Vis. +32% *Automotive +69% Source: Quartr
Bloomberg title: "Nvidia sales growth decelerates from eye-poping levels".
True, but I still find remarkable Nvidia is able to see +56% YoY growth when the quarterly revenues amount to $46.7B. That's crazy.
All eyes on Nvidia quarterly earnings tonight
Nvidia now makes up ~8% of the S&P 500. It has a Trailing PE of 58x vs. 28x for the SPX (Gaap). It is forecast to grow 34% in the next year vs. 13.5% for the SPX. It is facing a growing number of competitors and a decreasing number of Global clients (China is discouraging the purchase of its H20 chips). It will probably report good numbers, but those good numbers must grow for a long time to justify its rating. Source: Brew Markets @brewmarkets, Vaughan Henkel, CFA, CAIA
