Microsoft, Alphabet, Amazon face earnings test amid Fed rate decision

Three of the largest companies in tech are about to open their books in the same 48-hour window. Microsoft, Alphabet, and Amazon are set to release quarterly earnings between October 28 and October 29, 2026. The Federal Reserve picked the same week to announce its next rate decision. Wall Street gets two major events in one stretch, which is a lot to absorb before Halloween. The central question for investors is simple to state and hard to answer. Can cloud growth keep pace with the enormous sums these companies are pouring into AI infrastructure? The schedule and the numbers Microsoft goes first, reporting on October 28 after the market closes. That same afternoon, the Fed will announce its policy decision at 2:00 p.m. ET, followed by a press conference at 2:30 p.m. ET. Amazon follows on October 29, and Alphabet also reports within the window. Consensus estimates set a high bar for each company. Microsoft is expected to post revenue of approximately $90.6 billion, with earnings per share of roughly $4.71 to $4.73. Alphabet’s expected revenue sits at around $128 billion. Analysts are looking for EPS of approximately $2.94 to $3.03. Amazon is the biggest by top line. It is anticipat...