Big Tech Earnings Recap

Dividend Raises This Week

First Berkshire Hathaway Meeting since Buffett Retired

Beat estimates: EPS $5.11 vs. ~$2.63 consensus (~94% beat); Revenue $109.9B (+22% YoY) vs. ~$107.2B expected. Google Cloud +63% to $20B.

Shares climbed as much as 6–7% in after-hours trading.

Key story: AI infrastructure and enterprise solutions drove the fastest revenue growth in years, validating massive capex bets.

Beat estimates: EPS $4.27 vs. ~$4.06 consensus (~5% beat); Revenue $82.9B (+18% YoY) vs. ~$81.4B expected; Azure/cloud run rate hit $37B (up 123%).

Shares dipped ~2–3% post-earnings.

Key story: Solid Azure growth, but investors worried the pace of AI monetization and capex (~$190B planned for 2026) wasn't aggressive enough.

Beat estimates: Adj. EPS $7.31 vs. ~$6.80 consensus (~7–8% beat); Revenue $56.31B (+33% YoY, fastest since 2021) vs. ~$55.45B expected.

Shares fell 5–9% after-hours.

Key story: Strong ad business, but raised 2026 capex outlook to $125–145B (up sharply) reignited AI spending concerns.

Beat estimates: EPS $2.78 vs. ~$1.64–1.73 consensus (~60% beat); Revenue $181.5B (+17% YoY) vs. ~$177.3B expected; AWS +28% to $37.6B (fastest growth in 15 quarters).

Shares mixed/down ~3% initially.

Key story: AWS acceleration eased worries over heavy AI data-center spending (~$200B planned for 2026).

Beat estimates: EPS $2.01 vs. ~$1.95 consensus (~3% beat); Revenue $111.2B (+17% YoY) vs. ~$109.7B expected; Services +16%.

Shares rose ~3–4%.

Key story: iPhone revenue jumped (iPhone 17 called the most popular lineup ever); services momentum highlights AI upside without heavy capex.

PAYX - Paychex raises dividend by 10.2% to $1.19

HESM - Hess Midstream raises dividend by 2% to $0.7800

ET - Energy Transfer raises dividend by 0.75% to $0.3375

AAPL - Apple raises dividend by 3.8% to $0.27

WDC - Western Digital raises dividend by 20% to $0.15

AIG - American International Group raises dividend by 11% to $0.50

RTX - RTX Corporation raises quarterly dividend by 7.4% to $0.73/share

VST - Vistra raises quarterly dividend by 0.4% to $0.229/share

ICE - Intercontinental Exchange raises dividend by 8% to $0.52/share

TTEK - Tetra Tech raises dividend by 10.8% to $0.072

OWL - Blue Owl Capital raises dividend by 2% to $0.23

AVY - Avery Dennison raises dividend by 6% to $1.00

POOL - Pool raises quarterly dividend by 4% to $1.30/share

GWW - W.W. Grainger raises quarterly dividend by 10.2% to $2.49/share

AWK - American Water Works raises dividend by 8.2% to $0.895

PCAR - PACCAR raises dividend by 6.1% to $0.35

VRSK - Verisk raises dividend by 11% to $0.50

EVR - Evercore raises dividend by 6% to $0.89

MET - MetLife raises quarterly dividend by 4.4% to $0.5925/share

IVZ - Invesco raises dividend by 2.4% to $0.215