GOOGL Is the Only Mag 7 Winner This Earnings Season — And It's Not Even Close
Big Tech earnings just dropped and the leaderboard looks very different than it did 90 days ago
Ticker Ratings
Let's just say it: $GOOGL absolutely cooked this earnings season. $94.7B in Q1 revenue vs $91.6B expected, Google Cloud exploding 63% YoY to $20B, and cloud margins expanding from ~20% to nearly 30% in six months. Gemini enterprise users up 40% quarter-over-quarter. The Bloomberg Surveillance crew could barely contain themselves — and honestly, same.
Meanwhile, $META decided to casually raise its 2026 capex guidance to $125–145B (up from $115–135B), a $10 billion "oops" that sent shares tumbling 5–6% after hours. The real problem? Unlike Google, Amazon, and Microsoft, Meta has no cloud business to monetize all this AI spend — analysts on YouTube and Reddit are asking the same uncomfortable question: where exactly does the ROI come from? Bill Ackman still loves it, for what that's worth.
The social sentiment consensus is clear: Alphabet is the Mag 7 glow-up of the quarter, Meta is in its "trust the process" era, and the market is not in a trusting mood.