Microsoft, Alphabet and Amazon are set to release quarterly earnings between October 28 and 29, 2026, just hours before or after the Federal Reserve’s expected rate decision on October 28. Investors anticipate revenue of approximately $90.6 billion for Microsoft, $128 billion for Alphabet and $202 billion for Amazon, with earnings per share projected at $4.71–$4.73, $2.94–$3.03 and $1.96–$2.01, respectively. Microsoft must in particular validate its forecast of 45% constant-currency growth for Azure, while spending on AI infrastructure faces close scrutiny. The Fed is expected to keep its target interest-rate range at 3.75%–4.00%, and investors will focus on cloud growth, investment outlooks and the central bank’s guidance on the future path of rates.
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