Microsoft and Alphabet Release Q3 AI Spending Earnings

Microsoft Corp. and Alphabet Inc. are scheduled to release their earnings reports on Wednesday, October 28, 2026. Investors are focusing on how aggressive spending on artificial intelligence is affecting the bottom lines of both technology companies.

Market trends indicate a current preference for Microsoft. The company's shares have increased 36% since its July 29 earnings report, which detailed the fastest cloud growth Microsoft has experienced in four years.