Q3 2026 earnings season has split Big Tech: Apple and Microsoft beat, Alphabet and Amazon fell on AI spending fears, and Intel had its worst day since 1974. This page collects every earnings report we've covered, with the key numbers and how the stock reacted. We add each new report as it lands.
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Last updated November 3, 2026. Stock moves are from the first trading reaction and can change. This is news, not financial advice.
Earnings at a glance
| Company | Reported | Headline | Stock reaction |
|---|---|---|---|
| Apple | Nov 2 | Record $114.48B revenue, iPhone and Mac beat, China missed | About 4.6% lower premarket |
| Intel | Oct 29 | Weak Q4 guidance, PC slowdown, factory outage | Down 28.5%, worst day since 1974 |
| Amazon | Oct 29 | AWS up 39%, EPS miss, negative cash flow | About 6% to 7% lower after hours |
| Alphabet | Oct 28 | Revenue up 25% but a miss, negative free cash flow | About 8% to 10% lower after hours |
| Microsoft | Oct 28 | Azure up 48%, Xbox hardware down 14% | Higher |
| Oct 29 | Revenue up 53%, weak forecast, US users down 2% | About 21% to 23% lower premarket | |
| Robinhood | Oct 28 | Record $1.42B revenue, crypto revenue down 55% | Lower |
| Exxon and Chevron | Oct 30 | Both beat on refining; Exxon $20B buyback | See article |
| SK Hynix | Oct 28 | Record profit, memory sold out through 2029 | About 11% higher |
Coming up
- AMD: reports today, November 3, after the US market close. We'll add it here the same evening.
- Nvidia: expected later in November.
The big theme: AI spending
This season, investors cared less about growth and more about how much companies are spending on AI data centers and when that pays off. Alphabet and Amazon both grew fast but were punished for heavy spending and weak cash flow. Alphabet vs Microsoft shows the split clearly: Microsoft's cloud growth convinced investors, Alphabet's didn't.
Memory shortage hits PCs and gamers
AI is buying up memory chips. SK Hynix's record quarter and Intel's crash are two sides of the same story: memory makers win, PC makers lose, and RAM gets more expensive. Apple also guided a lower gross margin because of memory costs. If you're planning a PC build, read should you build a gaming PC now.
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Gaming inside the numbers
Microsoft's Xbox hardware revenue fell 14%, another sign of the console's decline, while Apple and Alphabet don't break out gaming. Follow our gaming news for what it means for players.
My take
Beating estimates isn't enough this season. Apple beat and still fell on China and margins; Amazon grew AWS 39% and still dropped. The market wants proof that AI spending turns into profit, and until it gets that, expect big swings on every report.
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Sources
- Yahoo Finance: stock market today, November 3 finance.yahoo.com
- Benzinga: Apple, Palantir, AMD in focus benzinga.com
Written by the WIZY creator
A lifelong gamer and Warhammer painter from Calgary, Canada, and the maker of the Crusade Journal and the WIZY RPG game. I write about games, hardware, Warhammer and crypto in plain English, and I check every fact against its source.
