Alphabet Releases Earnings on July 23 as $187B CapEx Fuels Tech Spending Surge

According to iNews24, Alphabet will release earnings on July 23 (Korea time), marking the start of major U.S. tech earnings season. Market participants are closely watching the company's cloud business profitability and 2026-2027 data center capital expenditure guidance.

Alphabet's capital expenditure this year is expected to reach $187 billion, more than double last year's spending. Combined with Microsoft, Amazon, and Meta, the four companies' total 2026 CapEx is projected at up to $725 billion, potentially reaching $900 billion in 2027. Investors are scrutinizing whether tech giants' massive AI investments will translate into revenue acceleration.