Google, Microsoft, and Amazon to Disclose Q2 Earnings Late July; Market Shifts Focus to AI CapEx Returns

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According to BlockBeats, Alphabet (Google) and Microsoft are expected to release Q2 2026 earnings on July 29, while Amazon is scheduled to report on July 31. The tech giant earnings season marks a shift in investor focus from "scale of AI investment" to "whether massive capital expenditures deliver actual returns." Market participants will scrutinize whether AI-related CapEx growth aligns with AI revenue expansion, and whether cloud services including Google Cloud, Azure, and AWS can accelerate growth and improve profitability and capital returns through AI demand.
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