Hyperscaler Earnings So Impressive, Investors Are Shocked

Rigatoni Capital Podcast · Apr 30, 2026 · 19m

Last night was one of the most remarkable earnings nights in recent memory. Amazon, Meta, Alphabet, and Microsoft reported within hours of each other and the numbers were staggering across the board. Alphabet posted net income of $62.58 billion, up 81% year over year, with Google Cloud growing 63% to $20 billion against estimates of $15.3 billion. AWS grew 28% to $37.59 billion, beating estimates comfortably. Meta grew revenue 33% to $56.31 billion, the fastest growth rate since 2021, driven entirely by AI strengthening its core advertising business. The four hyperscalers collectively posted…