Di Yi Cai Jing·2026-01-29 00:24Core Insights - Major tech companies Meta, Microsoft, and Tesla released their latest earnings reports, highlighting the ongoing divergence within the tech sector as investors assess the impact of artificial intelligence on traditional business models [1] Meta - Meta's stock rose over 7% after exceeding market expectations with a revenue forecast. Q4 revenue reached $59.89 billion, a 24% year-over-year increase, surpassing the expected $58.59 billion. Adjusted EPS was $8.88, above the anticipated $8.23 [2] - For Q1, Meta expects revenue between $53.5 billion and $56.5 billion, exceeding analyst expectations of $51.41 billion. Total expenditures for 2026 are projected between $162 billion and $169 billion, with capital expenditures for AI estimated at $115 billion to $135 billion, nearly double the previous year's spending [2] Microsoft - Microsoft's stock fell nearly 3% after reporting slower-than-expected growth in its cloud business. Q2 revenue was $81.27 billion, a 17% year-over-year increase, exceeding the forecast of $80.27 billion. Net income was $38.46 billion, with an EPS of $5.16, significantly up from $24.11 billion (EPS of $3.23) a year earlier [3] - The Intelligent Cloud segment, including Azure, generated $32.91 billion, a nearly 29% increase, slightly above expectations. However, Azure's growth rate slowed to 39% from 40% in the previous quarter. The Productivity and Business Processes segment grew by approximately 16%, while the Personal Computing segment saw a 3% decline [3] - Microsoft's remaining performance obligations reached $625 billion, a significant 110% year-over-year increase, driven by a $250 billion cloud services agreement with OpenAI [3] Tesla - Tesla's earnings exceeded market expectations, but the company reported a 3% decline in annual revenue, marking its first annual revenue drop. Q4 revenue was $24.9 billion, down from $25.7 billion a year earlier, with automotive revenue falling 11% [4] - The decline in revenue was attributed to reduced vehicle deliveries and lower regulatory credit income. Q4 vehicle deliveries dropped 16% year-over-year, with annual deliveries down 8.6% [4] - Tesla's operating expenses surged by 39%, leading to a 61% drop in Q4 net income to $840 million (EPS of $0.24), down from $2.1 billion (EPS of $0.60) a year earlier. Capital expenditures for Q4 were $2.39 billion, a 14% decrease from $2.78 billion in the previous year [4] - Tesla is focusing on new business areas, including a robotaxi service and humanoid robot projects, with plans to expand robotaxi pilot operations to seven additional U.S. cities [5] - The company invested approximately $2 billion in xAI, an AI startup, to enhance its capabilities in developing and deploying AI products and services [5]