Charlie Bilello@charliebilelloMeta reported free cash flow of $784 million in Q2, down 91% from a year ago and the lowest level since Q3 2022. This was driven by massive capital expenditures on AI infrastructure. The stock is down over 10% in after hours trading and down 34% from its all-time high. $METAOpens with a number
Charlie Bilello@charliebilelloMicrosoft's Q2 revenues increased 18% over the last year to a new record high of $90 billion. Net Income grew 31% YoY to a new Q2 record of $36 billion. Azure and cloud services revenue increased 43% YoY, beating estimates and surpassing $100 billion for the first time. $MSFTOpens with a number
Charlie Bilello@charliebilelloApple revenues increased 16% over the last year to a new Q2 record of $109 billion. Net Income grew 27% year-over-year to new Q2 record of $30 billion. Gross margins increased to 50% (from 46% a year ago), the highest margin in company history. $AAPLOpens with a number