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.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including thr...
Iran and the U.S. exchanged threats on Tuesday, as U.S. Defense Secretary Pete Hegseth warned Tehran to expect the&nb...
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Reports of so-called “acid clouds” moving from Iran towards Central Asia are not supported by scientif...
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Iran and the U.S. exchanged threats on Tuesday, as U.S. Defense Secretary Pete Hegseth warned Tehran to expect the “most intense day" of attacks so far. Meanwhile, Iranian President Masoud Pezeshkian said “anyone who entertains the illusion of destroying Iran knows nothing of history."
The Strait of Hormuz has become a focal point of global concern as tensions rise following the conflict involving Iran, the United States and Israel. Tehran has threatened to block the strategic waterway, raising fears of disruption to global oil shipments and energy markets.
Reports of so-called “acid clouds” moving from Iran towards Central Asia are not supported by scientific data, national hydrometeorological services in Kazakhstan, Uzbekistan and Kyrgyzstan say, adding there is no threat to the region.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Chinese electric vehicle giant BYD is pushing to make charging an electric car almost as quick and convenient as filling up a traditional petrol vehicle - a move that could help remove one of the biggest barriers to wider electric vehicle adoption.
South Korea will soon cease to be one of the few countries where Google Maps does not function fully, after its security-conscious government reversed a two-decade-old policy and approved the export of high-precision map data to overseas servers.
New research suggests 40,000-year-old carved objects from south-western Germany bear repeated marks arranged in organised sign sequences similar to early proto-cuneiform, although they are not regarded as a form of writing.
The chief executive of Google DeepMind, Demis Hassabis, has called for more urgent research into the risks posed by artificial intelligence, warning that stronger safeguards are needed as systems become more advanced.
NASA successfully completed a critical fueling rehearsal on Thursday (19 February) for its giant moon rocket, Artemis II, after earlier hydrogen leaks disrupted preparations for the next crewed lunar mission. The launch is scheduled for 6 March, according to the latest information from NASA.
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