How Did Big Tech Perform In Q1 of 2022?
Most investors had trained their
guns on the
earnings of big tech
companies this week. As
expected, each of these mega-cap companies was expected to drive
markets higher or lower based on their performance in Q1 of 2022.
Let’s see how some of the largest companies in the world performed
in the quarter that ended in March.
Apple’s (NASDAQ: AAPL)
fiscal Q2 of 2022 (ended in March), the company reported revenue of
$97.3 billion and adjusted earnings of $1.52 per share.
Comparatively, analysts forecast sales of $93.4 billion and
earnings of $1.43 per share in the quarter.
Despite its earnings and revenue
beat, AAPL stock is down 2.2% in pre-market trading as Wall Street
is worried about supply chain disruptions which will weigh heavily
on its top line. In fact, Apple explained its revenue in Q3 might
be impacted by between $4 billion and $8 billion due to supply
Despite an inflationary
environment, Apple’s iPhone and MacBook sales were higher year over
year. Its Services business revenue stood at $19.8 billion,
compared to $16.9 billion in the year-ago period.
MSFT) reported its
fiscal Q3 of 2022
(ended in March) results on April
26. Its sales stood at $49.36 billion, with adjusted earnings of
$2.22 per share. Wall Street forecast revenue of $49.03 billion and
earnings of $2.18 per share in the quarter. Due to its earnings and
revenue beat, MSFT stock has gained over 3% in the last four
In Q3, the company’s customer
commitments to its cloud platform resulted in commercial booking
growth of 28%. Its cloud sales were up 32% at $23.3 billion while
LinkedIn sales also grew by 34% year over year.
Meta Platforms (NASDAQ:
FB) reported revenue of
$27.9 billion with adjusted earnings per share of $2.72 in Q1.
Comparatively, Wall Street forecast Q1 sales and EPS at $28.2
billion and $2.56 respectively.
Despite its revenue miss, FB
stock rose over 17% yesterday as the company experienced an uptick
in daily active users. Its daily active users grew by 4% while
monthly active users were up 3% year over year in Q1.
In Q1 of 2022,
Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG)
reported revenue of $68 billion and an adjusted EPS of $24.62.
Comparatively, analysts forecast revenue at $68.1 billion and
adjusted earnings at $25.96 per share.
The tech behemoth explained ad
sales rose to $54.66 billion from $44.68 billion in the year-ago
period. Comparatively, Google Cloud sales grew from $4 billion to
$5.82 billion in the last year. Its traffic acquisition costs stood
at $12 billion, compared to $9.71 billion in the year-ago
During the earnings call,
Alphabet CEO Sundar Pichai stated, “Q1 saw strong growth in Search
and Cloud, in particular, which are both helping people and
businesses as the digital transformation continues. WeU+02019ll
keep investing in great products and services, and creating
opportunities for partners and local communities around the
The final big tech stock on my
list is e-commerce heavyweight Amazon
AMZN) which is down 9% in
pre-market trading today. In Q1, Amazon reported an earnings loss
of $7.56 per share and revenue of $116.4 billion.
Wall Street forecast sales of
$116.3 billion and earnings of $8.36 per share in the quarter.
Amazon attributed the net loss to a pre-tax valuation loss of $7.6
billion due to its investment in Rivian.
In Q2, Amazon estimates
$116 billion and $121 billion which
were below estimates of $125.55 billion.
Meta Platforms (NASDAQ:META)
から 6 2022 まで 7 2022
Meta Platforms (NASDAQ:META)
から 7 2021 まで 7 2022