This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL) is set to report first-quarter results on Wednesday after the market close, with Wall Street looking for another quarter of AI- and cloud-led growth, after the stock rose more than 114% over the past year.
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Analysts expect Alphabet (NASDAQ:GOOGL) to post revenue of $106.8 billion, up about 19% from a year earlier, while earnings are seen at $2.62 a share, down about 6%. The company has topped earnings estimates in each of its last nine quarters.
Alphabet has exceeded analyst expectations for the past five consecutive quarters, and market participants appear to be anticipating another beat. Recent developments include plans to invest up to $40 billion in AI firm Anthropic, with an initial $10 billion aimed at expanding computing capacity through its cloud and custom chips.
Alphabet also introduced its TPU v8 chip at its Cloud Next event and expanded Gemini AI integration within Chrome. Analysts at Evercore ISI and BofA maintained positive views, pointing to strength in Search and Cloud, while noting that higher AI-related spending could weigh on margins.
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