What Should Investors Expect From Microsoft, Alphabet, Amazon and Intel Earnings Next Week?
Written By
Sam Mishara
The busiest stretch of third-quarter earnings season arrives next week. Microsoft and Alphabet report on Wednesday, October 28, a few hours after the Federal Reserve announces its rate decision, and Amazon, Intel, Coinbase and Strategy follow on Thursday, October 29. Apple closes the group on Monday, November 2. The reports will show whether AI-driven cloud demand is still outrunning concerns about spending, and they arrive after technology's biggest weekly drop since April 2025.
When Do Big Tech Companies Report Earnings?
Based on company-confirmed dates compiled by BloFin and TradeStation, all reports come after the closing bell:
- Wednesday, October 28: Microsoft and Alphabet
- Thursday, October 29: Amazon, Intel, Coinbase, Strategy
- Monday, November 2: Apple
The Fed meets October 27 to 28, so its decision lands the same afternoon as the Microsoft and Alphabet reports, a combination that could add to volatility.
How Has the Tech Sector Been Trading?
Technology has been the worst-performing sector over the last month, according to TradeStation, as chipmakers including Intel and AMD declined. Prices have essentially moved sideways since June, recently hitting a new high before failing to hold it. Even so, analysts expect sector profits to grow 65% in the third quarter, led by chipmakers, compared with 60% in the second quarter, according to FactSet figures cited by TradeStation. Over three months, Microsoft stock is up about 36%, while Intel is down about 11% and Alphabet is roughly flat.
What to Watch at Microsoft and Alphabet
Both companies report cloud results that investors use as a read on AI demand. Microsoft's stock has recovered strongly from earlier-in-the-year lows, so expectations are higher, and the key metrics are Azure growth and capital spending. The company has said it is capacity constrained and plans to expand its data-center footprint sharply, so comments on supply will matter as much as the growth rate. For background, see PrimeWorldMedia's analysis of Microsoft stock and its coverage of the AI infrastructure capacity race.
At Alphabet, investors will look at Google Cloud's growth, which Alphabet reported at 82% in the second quarter, and at capital spending guidance. A slowdown in that figure would be read as a warning for AI-related names broadly.
What to Watch at Amazon and Intel
Amazon's cloud unit, AWS, remains the largest provider by market share, and its growth rate relative to Azure and Google Cloud will be compared closely, as shifts in share have been a theme this year. For Intel, the focus is on whether demand and margins support the recent analyst upgrade from JPMorgan, which moved the stock from underweight to neutral, and on how the chipmaker describes the outlook after a sharp sector decline.
Why the Fed Decision Matters
Rate expectations have swung after the September inflation report showed prices rising 3.7% from a year earlier. The Fed raised rates to a range of 3.75% to 4.00% in September, and the October meeting will show whether it follows with another increase. Higher rates weigh on high-valuation technology stocks, which is why the timing of the decision relative to earnings is important. For the policy background, see PrimeWorldMedia's analysis of the Fed's shift toward rate hikes.
What Should Investors Watch Overall?
Three themes will connect the reports. The first is AI spending, specifically whether the largest cloud companies keep raising capital expenditure and whether customers' demand justifies it. The second is margins, since heavy infrastructure spending can pressure profits even when revenue grows. The third is guidance, because recent earnings season examples show that a strong quarter can still trigger a selloff if the outlook disappoints. For wider context, see PrimeWorldMedia's guide to AI investments in 2026.
Earnings dates and figures were compiled from BloFin, TradeStation, FactSet-based reporting and company announcements, and may change. This article is for informational purposes and is not investment advice.
Sam Mishara
Senior Content Writer (7+ Yrs Experience)
Sam Mishara is a seasoned content writer, editorial strategist, and technology storyteller with over 7 years of deep industry experience crafting high-impact narratives across technology, corporate leadership, enterprise innovation, and digital transformation. With a meticulous research methodology and a keen eye for market dynamics, Sam translates complex technological breakthroughs and industry shifts into clear, engaging, and authoritative stories. Having led editorial campaigns, authored industry whitepapers, and interviewed forward-thinking founders and C-suite executives, Sam delivers insightful, forward-looking content that educates decision-makers and inspires innovators across the global business landscape.