The world’s seven largest technology companies – Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia and Tesla – collectively reported a net profit of $143 billion in the second quarter, representing a 27.6% increase year-on-year, according to their financial statements.
Often referred to as the “Magnificent 7,” the firms also saw combined revenues rise to $551.4 billion, up 15.4% compared with the same period last year and 6.6% from the previous quarter. Capital expenditures surged 66.1% annually to $96.8 billion, largely driven by investments in artificial intelligence and data centres.
Alphabet posted the highest net profit among the group at $28.2 billion, followed by Microsoft ($27.2 billion) and Nvidia ($26.4 billion). Tesla recorded the largest quarterly net profit increase of 186.6%, rising from $409 million to $1.2 billion.
Nvidia also achieved the largest growth in net profit value, increasing by $7.6 billion, while Alphabet and Apple saw declines of 18.4% and 5.4% respectively. On an annual basis, Nvidia led net profit growth with 59.2%, followed by Meta (36.2%) and Amazon (34.7%).
In terms of revenue, Amazon topped the group with $167.7 billion, while Tesla led quarterly growth with 16.3%. Capital expenditure was highest at Amazon ($32.2 billion), with Meta recording the largest annual increase of 111.8%.
Earnings per share were highest at Meta ($7.3), followed by Microsoft ($3.7) and Alphabet ($2.3). Tesla’s EPS surged 176.9%, while Alphabet and Apple saw declines.
Analysts say the tech giants’ aggressive investment in AI and long-term infrastructure has been a key factor behind their record capital spending and strong quarterly performance.
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An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women.
A remarkable discovery at the ancient ruins of Sanxingdui offers a glimpse into what appears to be otherworldly craftsmanship - an axe believed to have been made using material from a meteorite.
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Kazakhstan plans to boost trade with Afghanistan from $500 million to $3 billion, backed by infrastructure and transit projects designed to strengthen regional connectivity and improve access to global markets.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
U.S. President Donald Trump said on Thursday that there was a "good chance" of a peace deal between Lebanon and Israel happening soon, after he announced a 10-day ceasefire between the two countries.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
A remarkable discovery at the ancient ruins of Sanxingdui offers a glimpse into what appears to be otherworldly craftsmanship - an axe believed to have been made using material from a meteorite.
NASA’s Artemis II crew has returned safely to Earth after completing a landmark journey around the Moon, marking the first crewed lunar mission in more than half a century.
The crew of NASA’s Artemis II mission are preparing to return to Earth after completing a groundbreaking journey around the Moon, with a Pacific Ocean splashdown expected off the coast of San Diego at around 01:00 BST (12:00 GMT).
Astronauts aboard Artemis II have described the emotional toll of their historic journey as they prepare for a high-risk “fireball” re-entry. The crew is set to splash down off California on Friday (10 April) after travelling farther than any humans in history.
Canada's Prime Minister Mark Carney spoke to astronauts on the Artemis II mission on Wednesday, celebrating the first Canadian to fly around the moon and marking a lighter moment in U.S.-Canadian relations that have been strained under U.S. President Donald Trump.
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