Big Tech Q1 2026 Earnings Actuals: All Four Beat, All Four Fell — The Definitive Results Scorecard

# Big Tech Q1 2026 Earnings Actuals: All Four Beat, All Four Fell — The Definitive Results Scorecard

> **Quick answer:** Microsoft, Alphabet, Meta, and Amazon all beat Q1 2026 earnings consensus on April 29, 2026 — every major metric, all four companies. Yet by midnight, three of the four were down in after-hours trading. The culprit: stocks had already rallied 25-30% through April pricing in perfection, and Meta's $10 billion capex raise was the villain that spooked investors across the entire group. Alphabet, whose Google Cloud grew an extraordinary 63% YoY, was the lone winner — up 4-6% after-hours.

The Big Tech earnings sweep of April 29, 2026 produced a result that will be studied in behavioral finance courses for years: four of the most important companies on earth each delivered better numbers than anyone expected, and the market punished three of them anyway. This is the complete confirmed actuals breakdown.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## The Confirmed Scorecard: Four for Four on Beats

Before diving into each company, here is the summary table that Wall Street woke up to on April 30: