In late July 2026, four tech giants released their Q2 earnings reports, with combined cash capital expenditures of $165.05 billion, up 827% year-on-year, accounting for 96% of the $171.7 billion in operating cash flow over the same period; among them, the comparable free cash flow of Alphabet and Amazon was negative.
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This event
Microsoft, Alphabet, Meta and Amazon combined Q2 capex of $165.05 billion, accounting for 96% of operating cash flow
2026.07 · Reported
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