Recap on Tech from last night:
Microsoft:
EPS 4.74 vs 4.24 est
Results included benefit of 0.27
Revenue 90.0b vs 87.62b est
Cloud revenue up 27% y/y
Free cash flow of $19.6b, down 23% y/y
Q4 capex $41.0b
Meta:
EPS 6.18 vs 7.19 est
Revenue 60.8b vs 60.22 est
FCF of 784m
Capx raised to $130-145 billion vs $125-145b prior)
ARM Holdings:
EPS 0.45 vs 0.40 est, revenue 1.29b vs 1.26b est
Shares down 9.3%
Lam Reserach:
EPS 1.82 vs 1.68 est
Revenue 6.722b vs 6.665b est
Shares up 2.5%
Qualcomm:
EPS 2.21 vs 2.23 est
Revenue 9.95b vs 9.68b est
Shares down 10.4%
With the after hours drop in Qualcomm, shares are down nearly 50% from the May 26 high of $259.