28.05.2026 14:00
The latest financial reports released by Nvidia, Alphabet, Apple, Microsoft, Amazon, Tesla, and Meta revealed that these tech giants have set profit records. The total quarterly profit of the companies known as the 'Magnificent Seven' surged by 74% to approximately $240 billion, while their revenues rose by 25% to $645.8 billion. Artificial intelligence investments and data center growth left a mark on the companies' financial results, with Alphabet achieving the highest profit. Meanwhile, Nvidia topped the list with a 211% increase in profit.
Technology companies that determine the direction of global stock markets have once again revealed their weight in the global economy with their latest financial results.
The latest balance sheets published by the world's most valuable company Nvidia, along with Alphabet, Apple, Microsoft, Amazon, Tesla, and Meta, have shown that artificial intelligence investments have earned tech giants billions of dollars.
TOTAL PROFIT OF 7 GIANT COMPANIES REACHES 240 BILLION DOLLARS
According to information compiled by Anadolu Agency (AA) from the financial reports released by the companies, the total quarterly profit of the tech giants called the "Magnificent Seven" increased by approximately 74 percent, reaching 239.8 billion dollars.
The companies, which announced a total profit of 138.1 billion dollars in the same period last year, have reached historic levels this year.
The total revenues of the companies increased by 25 percent, rising to 645.8 billion dollars. This figure was at the level of 517 billion dollars in the same period last year.
ARTIFICIAL INTELLIGENCE WIND BOOSTED THE GIANTS
In the balance sheets, particularly artificial intelligence investments, data center growth, cloud technologies, and massive infrastructure expenditures stood out.
Almost all of the companies accelerated their investments in artificial intelligence, while billions of dollars in data center and server investments drew attention.
ALPHABET TOPS IN PROFIT
Alphabet achieved the highest net profit in the last quarter with 62.6 billion dollars. It was noted that, along with the company's operational success, valuation gains from its investments also contributed to this result.
Alphabet was followed by Nvidia with a profit of 58.3 billion dollars. Microsoft announced a net profit of 31.8 billion dollars, and Amazon 30.3 billion dollars.
Apple's profit was 29.6 billion dollars, while Meta earned 26.8 billion dollars.
Electric vehicle giant Tesla, on the other hand, announced a profit of only 477 million dollars, making it the least profitable company among the "Magnificent Seven."
NVIDIA EXPERIENCED PROFIT SURGE
Nvidia was the most remarkable company of the last balance sheet period. Thanks to the global demand explosion for artificial intelligence chips, the company's net profit increased by 211 percent annually.
Alphabet's profit rose by 81 percent, Amazon's by 77 percent, Meta's by 61 percent, Microsoft's by 23 percent, Apple's by 19 percent, and Tesla's by 17 percent.
AMAZON IS THE LEADER IN REVENUE
Amazon topped the revenue side. The e-commerce and cloud computing giant generated 181.5 billion dollars in revenue in the quarter.
Growth in Amazon Web Services (AWS) boosted the company's revenues.
Amazon was followed by Apple with 111.2 billion dollars and Alphabet with 109.9 billion dollars.
Microsoft announced 82.9 billion dollars, Nvidia 81.6 billion dollars, Meta 56.3 billion dollars, and Tesla 22.4 billion dollars in revenue.
TESLA LAGS BEHIND OTHER GIANTS
Tesla lagged behind other tech giants in both profit and revenue growth, which drew attention.
It is assessed that intense competition in the electric vehicle market, price cuts, and pressure on profit margins negatively affected Tesla's performance.
MASSIVE INVESTMENT PLANS DREW ATTENTION
One of the topics investors paid the most attention to in the balance sheets announced by the companies was capital expenditures.
Meta announced that it made approximately 20 billion dollars in capital expenditures recently, while raising its target for 2026 to the range of 125-145 billion dollars.
Microsoft announced that it plans to invest approximately 190 billion dollars in 2026.
Amazon and Alphabet also announced that they continue their investment plans worth tens of billions of dollars for data centers and cloud infrastructure.
Tesla also announced that it plans to make approximately 25 billion dollars in capital expenditures in 2026 for its Robotaxi and humanoid robot projects.