Trump called Xi a tough negotiator..pretty sure Xi was playing chess while Donnie trying to figure out where he supposed to put the X and Os in this weird tic tac toe board..

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$MSFT | Microsoft Q1 Earnings Highlights 🔹 Revenue: $77.7B (Est. $75.33B) 🟢; UP +18% YoY 🔹 EPS (GAAP): $3.72 (Est. $3.67) 🟢; UP +13% YoY 🔹 Operating Income: $38.0B; UP +24% YoY Segment: 🔹 More Personal Computing Revenue: $13.8B (Est. $12.8B) 🟢; UP +4% YoY 🔹 Microsoft Cloud Revenue: $49.1B; UP +26% YoY 🔹 Intelligent Cloud Revenue: $30.9B; UP +28% YoY 🔹 Azure & Other Cloud Services: UP +40% YoY 🔹 Productivity & Business Processes Revenue: $33.0B; UP +17% YoY 🔹 Microsoft 365 Commercial Cloud: UP +17% YoY 🔹 Microsoft 365 Consumer Cloud: UP +26% YoY 🔹 LinkedIn Revenue: UP +10% YoY 🔹 Dynamics 365 Revenue: UP +18% YoY 🔹 Windows OEM & Devices: UP +6% YoY 🔹 Xbox Content & Services: UP +1% YoY 🔹 Search & News Ads ex-TAC: UP +16% YoY Other Metrics 🔹 Commercial RPO: $392B; UP +51% YoY 🔹 Shareholder Returns: $10.7B via dividends & buybacks in the quarter CEO / CFO Commentary 🔸 “Our planet-scale cloud and AI factory, together with Copilots across high-value domains, is driving broad diffusion and real-world impact.” – CEO Satya Nadella 🔸 “Strong start to the fiscal year… Microsoft Cloud strength reflects growing customer demand for our differentiated platform.” – CFO Amy Hood Notes 🔹 Non-GAAP results exclude impacts from investments in OpenAI (as disclosed). 🔹 Constant currency growth: Revenue +17% YoY; Operating Income +22% YoY; GAAP EPS +11% YoY.

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Alphabet Q3 2025 Earnings $GOOGL EPS $2.87, est. $2.26 Revenue $102.35B, est. $99.85B Revenue ex-TAC $87.47B, est. $85.11B Google Services revenue $87.05B, est. $84.67B Google Search & Other revenue $56.57B, est. $54.99B YouTube Ads revenue $10.26B, est. $10.03B Google Ads revenue $74.18B, est. $72.46B Google Cloud revenue $15.16B, est. $14.75B Operating income $31.23B, est. $32.11B CapEx $23.95B, est. $22.38B

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$GOOGL | Alphabet Q3’25 Earnings Highlights 🔹 EPS: $2.87 (Est. $2.26) 🟢; UP +35% YoY 🔹 Revenue ex-TAC: $87.47B (Est. $85.11B) 🟢; UP +17% YoY 🔹 Revenue: $102.35B (Est. $99.85B) 🟢; UP +16% YoY Segment Highlights 🔹 Google Services Revenue: $87.05B (Est. $84.67B) 🟢; UP +14% YoY 🔹 Google Advertising Revenue: $74.18B (Est. $72.46B) 🟢; UP +13% YoY 🔹 Google Search & Other Revenue: $56.57B (Est. $54.99B) 🟢; UP +15% YoY 🔹 YouTube Ads Revenue: $10.26B (Est. $10.03B) 🟢; UP +15% YoY 🔹 Google Network Revenue: $7.35B (Est. $7.39B) 🟡; DOWN -2.6% YoY 🔹 Google Subscriptions, Platforms & Devices Revenue: $12.87B (Est. $12.35B) 🟢; UP +21% YoY 🔹 Google Cloud Revenue: $15.16B (Est. $14.75B) 🟢; UP +34% YoY 🔹 Other Bets Revenue: $344M (Est. $429M) 🔴; DOWN -11% YoY Operating Results 🔹 Total TAC: $14.88B (Est. $14.84B) 🟡; UP +8% YoY 🔹 Operating Income: $31.23B (Est. $32.11B) 🟡; UP +9.5% YoY 🔹 Operating Margin: 31% (Est. 32.2%) 🟡; DOWN -100bps YoY 🔹 Google Services Operating Income: $33.53B (Est. $33.59B) 🟡; UP +8.7% YoY 🔹 Google Cloud Operating Income: $3.59B (Est. $3.01B) 🟢; UP +85% YoY 🔹 Other Bets Operating Loss: -$1.43B (Est. -$1.21B) 🔴 🔹 Alphabet-Level Operating Loss: -$4.47B (Est. -$3.53B) 🔴 Other Metrics 🔹 Capital Expenditures: $23.95B (Est. $22.38B) 🟢; UP +83% YoY 🔹 Employees: 190,167 (Est. 189,112) 🟡; UP +4.9% YoY 🔹 EC Fine: $3.5B charge impacting Services segment; adjusted operating margin would be 33.9% ex-fine 🔹 Other Income: $12.8B, driven by gains on non-marketable equity securities Guidance 🔹 FY25 CapEx: $91B–$93B (Prior: ~$85B) 🟢 CEO Commentary – Sundar Pichai 🔸 “Alphabet had a terrific quarter, with double-digit growth across every major part of our business. We delivered our first-ever $100B quarter.” 🔸 “Our full-stack AI approach is delivering strong momentum — Gemini now processes 7B tokens per minute, and the Gemini App has over 650M MAUs.” 🔸 “Google Cloud accelerated, ending the quarter with $155B in backlog.” 🔸 “We continue to invest to meet customer demand and capture growing opportunities across the company.” Dividend 🔹 Quarterly dividend declared: $0.21/share, payable Dec 15, 2025

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