AMZN, GOOGL, MSFT Earnings: Cloud Results to Drive Sentiment

The article previews Q1 2026 earnings for Amazon (primary), Alphabet and Microsoft, arguing that cloud segment results will be the primary driver of post-earnings sentiment. Amazon Web Services is forecast at $36.8bn (25.6% YoY) and modestly accelerating versus the prior period; Google Cloud is the standout with consensus revenue of $18.4bn (+49.6% YoY); Microsoft’s Intelligent Cloud is expected at $34.3bn (+28.5% YoY) but the company needs clear acceleration to reverse recent underperformance. Zacks notes EPS and revenue revision patterns (Amazon EPS revisions down, Google revisions up, Microsoft modestly positive) and expects markets to reward accelerating cloud growth and punish any signs of stagnation, shaping near-term stock reactions for these Magnificent 7 names.