Earnings · High impact

Alphabet and Microsoft Results (Fed Decision Day)

Oct 28, 2026, After the US market closes

Alphabet (call 4:30 p.m. ET) and Microsoft (call 5:30 p.m. ET) report after the close on the day of the Fed decision; both dates confirmed by the companies. After Meta narrowed its 2026 capital budget to $135–145 billion and Lam Research fell 6% on a beat, the capital-spending lines and cloud growth rates decide whether the AI trade is financed by its buyers. T-Mobile and Visa also report.

Expected: Alphabet EPS about $3.03 on $127.9 billion; Microsoft EPS about $4.72 on $90.6 billion (MarketBeat consensus)