Tanggal penghasilan yang diharapkan: Rabu, 4 Februari 2026 (Amerika Serikat, setelah penutupan pasar) /~ 8:00 pagi, Kamis, 5 Februari 2026 (AEDT)

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Penghasilan Alphabet memberikan wawasan tentang permintaan iklan digital global, manajemen cloud perusahaan, dan tren investasi sektor teknologi yang lebih luas.

Karena Google Search dan YouTube banyak digunakan oleh konsumen dan bisnis, hasil sering digunakan sebagai masalah ketika aktivitas online dan anggaran pemasaran perusahaan, di samping indikator lainnya.

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Area utama dalam fokus

Cari

Iklan pencarian tetap menjadi pendorong pendapatan terbesar Alphabet. Pasar cenderung fokus pada tingkat pertumbuhan iklan, metrik harga seperti biaya per klik, dan permintaan iklan secara keseluruhan di seluruh sektor seperti ritel, perjalanan, dan bisnis kecil hingga menengah.

YouTube

YouTube berkontribusi pada pendapatan iklan dan langganan. Pasar biasanya memantau momentum periklanan, tren keterlibatan, dan perkembangan monetisasi sebagai indikator kondisi media digital dan pengeluaran merek.

Google Cloud

Profitabilitas Cloud yang berkelanjutan sering dianggap sebagai faktor yang dapat mempengaruhi ekspektasi pendapatan jangka panjang, meskipun hasilnya tetap tidak pasti. Pasar diharapkan fokus pada pertumbuhan pendapatan, tren adopsi perusahaan, dan margin operasi.

Taruhan lainnya

Inisiatif seperti mengemudi otonom dan ilmu kehidupan, sementara biasanya kontributor pendapatan yang lebih kecil, pasar mungkin masih memperhatikan tingkat pengeluaran dan pembaruan kemajuan sebagai indikator modal dan disiplin biaya.

Kerangka biaya dan margin

Manajemen sebelumnya telah menandai peningkatan capex terkait dengan infrastruktur AI, termasuk pusat data, chip khusus, dan kapasitas komputasi. Biaya akuisisi lintas batas, tingkat kebutuhan, dan kebutuhan infrastruktur juga merupakan variabel kunci yang mempengaruhi profitabilitas.

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Apa yang terjadi kuartal terakhir

Pembaruan sistem Alphabet terbaru mencakup tren pemasaran, profitabilitas Cloud, dan peningkatan belanja modal berkelanjutan untuk mendukung AI inisiatif.

Komentar manajemen telah menunjukkan bahwa pengelolaan infrastruktur dimaksudkan untuk mendukung daya tahan jangka panjang, sementara pasar terus melakukan pertukaran margin jangka pendek.

Sorotan utama pendapatan terakhir

Untuk angka yang dilaporkan dan detail segmen dari kuartal terbaru, lihat materi rilis pendapatan terbaru Alphabet, termasuk pendapatan, laba per saham (EPS), pendapatan layanan, pendapatan operasi Cloud, dan komentar capex.

• Pendapatan: US$102,35 Milyar
• EPS: US $2,87
• Pendapatan operasional: US$31,23 miliar
• Pendapatan layanan: US$87,05 miliar
• Pendapatan awan: US$15,16 Milyar

Pendapatan Layanan Google dan Pendapatan Operasional Q3 2025 | Rilis pendapatan Alphabet

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Apa yang diharapkan dari kuartal ini

Konsensus Bloomberg memperkirakan pertumbuhan pendapatan tahun ke tahun (YoY) moderat dan EPS yang lebih tinggi dibandingkan kuartal tahun sebelumnya, dengan fokus berkelanjutan pada margin operasi mengingat investasi terkait AI.

Poin referensi konsensus Bloomberg:

• EPS: kisaran rendah hingga menengah US$2
• Pendapatan: tinggi US $80 miliar hingga kisaran rendah US $90 miliar
• Pembelian modal: diperkirakan akan tetap tinggi

*Semua poin di atas diperkirakan pada 31 Januari 2026.

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Harapan tersirat pasar

Opsi yang terdaftar menyetujui pergerakan indikasi yang diharapkan sekitar ± 4% hingga ± 6% selama jendela kedatangan mendekati tanggal yang relevan. Pergerakan berasal dari harga opsi yang terjadi pada pukul 11:00 pagi AEDT, 2 Februari 2026.

Ini adalah perkiraan pasar tersirat dan dapat berubah. Pergerakan harga pasca-laba saat ini bisa lebih besar atau lebih kecil.

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Apa artinya ini bagi pelaku pasar Australia

Pendapatan Alphabet dapat mempengaruhi sentimen jangka pendek di seluruh indeks ekuitas utama AS, khususnya produk-produk terkait Nasdaq, dengan potensi penurunan di sesi Asia setelah rilis.

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Catatan risiko penting

Segera setelah AS ditutup dan memasuki sesi awal Asia, harga jangka panjang Nasdaq 100 (NDX) dan CFD terkait dapat menunjukkan likuiditas yang lebih tipis, spread yang lebih luas, dan harga ulang yang lebih tajam di sekitar informasi baru.

Lingkungan seperti itu dapat meningkatkan risiko gangguan dan ketidakpastian eksekusi relatif terhadap kondisi jam yang teratur.

Tanggal penghasilan yang diharapkan: Kamis, 5 Februari 2026 (AS, setelah penutupan pasar) /Jumat awal, 6 Februari 2026

Penghasilan Amazon memberikan wawasan tentang tren belanja konsumen global, permintaan infrastruktur cloud, dan monetisasi ekosistemnya di seluruh layanan ritel, periklanan, dan berlangganan.

Fokus diharapkan tetap pada kinerja di seluruh area bisnis utama, bersama dengan komentar tentang efisiensi biaya, belanja modal, dan investasi terkait AI, termasuk perluasan pusat data.

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Area utama dalam fokus

Toko online dan layanan pihak ketiga

Bisnis ritel inti Amazon tetap sensitif terhadap permintaan konsumen diskresioner, terutama selama periode liburan kuartal Desember. Pasar cenderung fokus pada pertumbuhan pendapatan dan margin di kedua layanan ritel pihak pertama dan penjual pihak ketiga. Tekanan biaya juga akan dievaluasi.

AWS (Layanan Web Amazon)

AWS adalah pendorong pendapatan utama. Investor cenderung fokus pada tingkat pertumbuhan pendapatan, tren margin, dan indikasi seputar pengeluaran cloud perusahaan. Beban kerja AI juga akan patut diperhatikan. Setiap komentar tentang ekspansi kapasitas dan capex kemungkinan akan diawasi dengan cermat.

Layanan periklanan

Bisnis periklanan Amazon telah menjadi kontributor keuntungan yang semakin penting. Pasar cenderung menilai momentum pertumbuhan, permintaan pengiklan, dan bagaimana periklanan terintegrasi di seluruh ekosistem ritel dan Prime Amazon.

Layanan berlangganan (termasuk Prime)

Pendapatan berlangganan termasuk keanggotaan Prime dan layanan digital terkait. Investor dapat melihat keterlibatan, dinamika harga, dan tren retensi sebagai indikator kekuatan ekosistem.

Kerangka biaya dan margin

Manajemen sebelumnya telah menekankan perlunya disiplin biaya di seluruh pemenuhan, logistik, dan pengeluaran perusahaan. Margin operasi yang dilaporkan dan pembaruan apa pun tentang peningkatan efisiensi atau prioritas investasi ulang di seluruh layanan bisnis utama akan menarik.

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Apa yang terjadi kuartal terakhir

Pembaruan kuartalan terbaru Amazon melaporkan pertumbuhan pendapatan dan hasil pendapatan operasional, dengan AWS dan iklan dirujuk sebagai kontributor utama, di samping langkah-langkah pengendalian biaya berkelanjutan di seluruh bisnis ritel.

Pembaruan sebelumnya juga mencakup diskusi yang relevan dengan prioritas investasi di infrastruktur cloud dan AI, yang terus mempengaruhi ekspektasi pasar.

Sorotan utama pendapatan terakhir

• Pendapatan: US$180,2 miliar
• Laba per saham (EPS): US$1,95 (diencerkan)
• Pendapatan AWS: US$33.0 miliar
• Pendapatan layanan periklanan: US$17,7 miliar
• Pendapatan operasional: US$17,4 miliar

Bagaimana pasar bereaksi terakhir kali

Saham Amazon bergerak lebih tinggi dalam perdagangan setelah jam kerja setelah rilis sebelumnya, berdasarkan laporan pada saat itu.

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Apa yang diharapkan kuartal ini

Perkiraan konsensus Bloomberg menunjukkan pertumbuhan EPS tahun-ke-tahun untuk kuartal yang berakhir Desember 2025, dengan pasar berfokus pada hasil pendapatan, margin operasi, dan kinerja AWS, mengingat pentingnya kuartal Desember (Q4) untuk profil pendapatan Amazon.

Poin referensi konsensus Bloomberg (Januari 2026):

• EPS: sekitar US$1,60
• Pendapatan: sekitar US$170 miliar
• EPS tahun penuh FY2026: sekitar US$5.10

*Semua poin di atas diamati pada 27 Januari 2026.

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Harapan

Sentimen pasar di sekitar Amazon mungkin sensitif terhadap kekecewaan dalam pertumbuhan AWS, margin operasi, atau kinerja ritel kuartal Desember (Q4 2025), mengingat bobot indeks saham yang besar dalam indeks ekuitas utama AS dan perannya di area ini.

Opsi yang terdaftar menetapkan harga pergerakan indikatif sekitar ± 4% hingga ± 5% berdasarkan perkiraan pergerakan perkiraan opsi yang tersirat sesuai tanggal yang tertanggal yang diamati pada Barchart pada 11:00 pagi AEDT, 28 Januari 2026.

Volatilitas tersirat sekitar 32% tahunan pada saat itu.

Ini adalah perkiraan tersirat pasar (bukan perkiraan) dan dapat berubah. Pergerakan harga pasca-laba aktual bisa lebih besar atau lebih kecil.

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Apa artinya ini bagi investor Australia

Pendapatan Amazon dapat mempengaruhi sentimen jangka pendek di seluruh indeks ekuitas utama AS, dengan potensi limpahan ke sesi Asia setelah rilis. Ini juga dapat mempengaruhi sentimen terhadap perusahaan yang terdaftar di ASX dengan eksposur penjualan online yang signifikan.

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Catatan risiko penting

Segera setelah penutupan AS dan memasuki sesi Asia awal, Nasdaq 100 (NDX) berjangka dan harga CFD terkait dapat mencerminkan likuiditas yang lebih tipis, spread yang lebih luas, dan harga ulang yang lebih tajam di sekitar informasi baru.

Lingkungan seperti itu dapat meningkatkan risiko kesenjangan dan ketidakpastian eksekusi relatif terhadap kondisi jam reguler.

Expected earnings date: Thursday, 29 January 2026 (US, after market close) / early Friday, 30 January 2026 (AEDT)

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Key areas in focus

iPhone

The iPhone remains Apple’s largest revenue driver. Markets are likely to focus on unit demand, product mix (including higher-end models), and any signals on upgrade momentum and regional trends.

Services

Investors are likely to focus on growth across areas such as the App Store, iCloud, Apple Music and other subscriptions, alongside any commentary on average revenue per user (ARPU). The size and engagement of Apple’s installed base remain central to overall performance.

Wearables, home and accessories

This segment includes products such as Apple Watch, AirPods, Beats headphones, home-related devices, and accessories. Investors are likely to watch revenue trends in this segment as an indicator of discretionary consumer demand. 

Cost and margin framework

Management has flagged tariff and component cost pressures in prior commentary. Markets may remain sensitive to gross margin commentary and any signals of incremental cost pressure or mitigation strategies. 

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What happened last quarter

Apple’s most recent quarterly update (fiscal Q4 2025) highlighted record September-quarter revenue and EPS, alongside record Services revenue and continued emphasis on installed-base strength.  

The prior update also included discussion of holiday-quarter expectations and cost headwinds (including tariffs), which have influenced expected margins and management guidance.

Last earnings key highlights

• Revenue: US$102.5 billion 
• Earnings per share (EPS): US$1.85 (diluted) 
• iPhone revenue: US$49.03 billion 
• Services revenue: US$28.75 billion 
• Net income: US$27.5 billion 

How the market reacted last time

Apple shares rose in after-hours trading following the release, as investors assessed the results against analyst expectations and management’s holiday-quarter commentary, including tariff-related cost pressures and regional demand considerations. 

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What’s expected this quarter

Bloomberg consensus points to year-on-year EPS growth, with markets also focused on the revenue outcome and gross margins, given the scale and importance of the holiday quarter for Apple’s earnings profile. 

Bloomberg consensus reference points (January 2026):

• EPS: about US$2.65 
• Revenue: about US$138 billion 
• Full-year FY2026 EPS: about US$8.1 

*All above points observed as of 26 January 2026.

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Expectations

Sentiment around Apple may be sensitive to any disappointment on holiday-quarter revenue, Services momentum, or margin commentary, given the stock’s large index weight and the importance of this reporting period. 

Listed options were implying an indicative move of around ±3% to ±4% based on near-dated, at-the-money options-implied expected move estimates observed on Barchart at 11:00 am AEDT on 25 January 2026.  Implied volatility was approximately 29% annualised at that time. 

These are market-implied estimates (not a forecast) and may change. Actual post-earnings price moves can be larger or smaller.

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What this means for Australian traders

Apple’s earnings can influence near-term sentiment across major US equity indices, particularly Nasdaq-linked products, with potential spillover into the Asia session following the release.

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Important risk note 

Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information. 

Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.

Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)

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Key areas in focus

The Tesla earnings release can act as a barometer for both global EV demand and capital-intensive innovation across automation and energy systems.

Vehicle deliveries and margins are likely to be the primary near-term drivers of sentiment. Investors will also be watching updates across adjacent initiatives that may influence longer-term growth expectations.

Autonomy and software (FSD)

Tesla’s “Full Self-Driving” (FSD) is a branded advanced driver-assistance feature sold in some markets and requires active driver supervision; availability and capabilities vary by jurisdiction. 

Further rollout and any expansion of autonomy-linked services remain subject to regulatory approvals and continued evolution of the underlying technology.

Energy generation and storage

Solar, Powerwall and Megapack remain a key focus, particularly given the segment’s recent growth contribution. 

Robotics (Optimus)

Optimus remains early stage, with no disclosed revenue contribution to date. It may become more relevant to Tesla’s longer-term AI and automation aspirations. 

Expectations remain delicately balanced between near-term margin pressure, the impact of demand and interest rate movements, and longer-term product and platform developments.

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What happened last quarter?

In Q3 2025 (September quarter), Tesla reported mixed results versus consensus expectations. Revenue and deliveries reached record levels, while earnings and margins remained under pressure amid pricing and cost dynamics. 

Tesla said it was navigating a challenging pricing environment while continuing to invest for long-term growth (as referenced in the shareholder communications cited below). 

Last earnings key highlights

• Revenue: ~US$28.1 billion 
• Earnings per share (EPS): ~US$0.50 (non-GAAP, diluted) 
• Total GAAP gross margin: ~18.0%; 
• Operating margin: ~5.8% 
• Free cash flow (FCF): ~US$4.0 billion 
• Vehicle deliveries: ~497,099 units, up ~7% year on year (YoY) 

How did the market react last time?

Tesla shares were volatile in after-hours trading, with attention focused on margins relative to revenue. 

What’s expected this quarter?

As of mid-January 2026, third-party consensus estimates (Bloomberg) indicated continued focus on revenue growth alongside profitability and margin resilience. These are third-party estimates, not company guidance, and can change. 

Key consensus reference points include: 

• Revenue: market expectations ~US$27 billion to US$28 billion 
• EPS: consensus clustered near US$0.55 to US$0.60 (adjusted) 
• Deliveries: market estimates ~510,000 to 520,000 vehicles 
• Margins: focus on whether automotive gross margin stabilises near recent levels or trends lower 
• Capital expenditure (capex): focus on spending discipline and efficiency rather than acceleration 

*All above points observed as of 16 January 2026.

Key areas markets often focus on include:

• Profit margin trajectory, and whether cost efficiencies are offsetting pricing pressure
• Delivery volumes relative to consensus expectations
• Pricing strategy and evidence of demand elasticity across regions
• Capex and implications for future FCF
• Progress in energy storage and non-automotive revenue streams
• Commentary on AI, autonomy and longer-term investment priorities

Expectations

Market sentiment could be described as cautiously optimistic, with investors weighing revenue momentum against margin concerns.

Price has pulled back into a range following a brief test of recent highs in December. Given the recent range-bound price action, deviations from consensus across key earnings metrics may prompt a larger move in either direction.

Listed options were pricing an indicative move of around ±5.5% based on near-dated options expiring after 28 January and an at-the-money (ATM) options-implied expected move estimate.

Implied volatility (IV) was about 47.7% annualised into the event, as observed on Barchart at 11:30 am AEDT on 16 January 2026 (local time of observation). 

These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.

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What this means for Australian traders

Tesla’s earnings may influence near-term sentiment across US growth and technology indices, with potential flow-through to broader risk appetite.

For Australian markets, any read-through is often framed through supply chain sensitivity. Market participants may look to related sectors such as lithium and rare earth producers linked to EV inputs are one potential channel, alongside broader sentiment impacts from Tesla’s innovation commentary.

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Important risk note

Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information. 

Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.

Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)

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Key areas in focus

Intelligent Cloud (Azure)

Azure remains Microsoft’s primary earnings swing factor. Markets are watching to see whether any growth reflects demand strength or capacity constraints, and how AI-related workloads are impacting margins.

Productivity and Business Processes

Microsoft 365, Office, and LinkedIn are sources of recurring revenue for Microsoft. Growth, pricing discipline, and client churn remain the key variables that markets will be watching.

Personal Computing

Windows, devices, and gaming are more cyclical. Stabilisation of PC demand and gaming engagement remain secondary sources of revenue but are still noteworthy.

Artificial intelligence

Approaches around the monetisation of Microsoft’s AI play are still developing. Trends in enrolment and infrastructure cost are expected to be key factors.

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What happened last quarter

Microsoft reported results ahead of consensus, supported by steady cloud demand and resilient enterprise software revenues. 

Azure and other cloud services' growth remained a central focus, alongside commentary on AI-related investment and capacity.

Last earnings key highlights:

• Revenue: US$77.7 billion 
• Earnings per share (EPS): US$3.72 (GAAP) and US$4.13 (non-GAAP adjusted) 
• Intelligent Cloud revenue: US$30.9 billion
• Azure and other cloud services: up 40% year on year 
• Operating income: US$38.0 billion 

How the market reacted last time

Microsoft shares fell in after-hours trading following the release, despite the beating of headline numbers, as investors focused on AI investment intensity, capacity constraints and related implications for future margins.

What’s expected this quarter

Bloomberg consensus points to continued revenue growth led by cloud services, alongside broadly stable margins despite elevated capex.

Bloomberg consensus reference points (January 2026):

• Revenue: about US$68 to US$69 billion 
• EPS: about US$3.10 to US$3.20 (adjusted) 
• Azure growth: mid-to-high 20% year on year (YoY) (constant currency) 
• Operating margin: expected to remain broadly stable 
• Capex: expected to remain elevated, reflecting AI and cloud build-out 

*All above points observed as of 16 January 2026.

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Expectations

Sentiment appears cautious. Microsoft can remain sensitive to any cloud, margin, or guidance disappointment, particularly where investors interpret investment intensity as open-ended.

Price action traded within an established range of US$472 and US$490 recently, but has moved below this in the last week.

Listed options were pricing an indicative move of around ±2% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.

Implied volatility was about 33.5% annualised into the event as observed on Barchart at 11:00 AEDT on 16^th January 2026.

These are market-implied estimates and may change; actual post-earnings moves can be larger or smaller.

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What this means for Australian traders

Microsoft’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into global equity risk appetite and, in turn, the ASX.

As a major technology stock, and with Tesla (TSLA) also scheduled to report after the US close on the same day, volatility in Nasdaq-linked products may increase while futures markets remain open.

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Important risk note 

Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information. 

Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.

Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)

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Key areas in focus

Advertising (Family of Apps)

Advertising remains Meta’s dominant revenue driver. AI-driven ad targeting, Reels monetisation, and engagement efficiency can be important contributors to revenue growth and may support advertiser outcomes, noting results can vary by advertiser, format, and market conditions.

User engagement and monetisation

Engagement trends across Facebook, Instagram, WhatsApp, and Threads remain closely watched as indicators that can influence monetisation assumptions and medium-term expectations.

Artificial intelligence

Meta views AI as a foundation for content discovery, advertising performance, and the development of generative tools. Markets may continue to evaluate whether AI-driven gains offset the level of infrastructure and data centre investment required to support these projects.

Reality Labs

Reality Labs remains loss-making. Management continues to frame AR/VR and metaverse-related platforms as long-term strategic investments, while acknowledging continued operating losses and a drag on earnings performance.

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What happened last quarter

Meta’s most recent quarterly update highlighted strong revenue growth alongside ongoing investment themes. 

The company’s reported (GAAP) net income and EPS reflected a one-time, non-cash income tax charge disclosed in the earnings materials, while management commentary also emphasised cost discipline and investment priorities.

Operating margins expanded year-on-year, despite elevated AI-related investment.

Last earnings key highlights

• Revenue: US$51.24 billion 
• Earnings per share (EPS): US$1.05 (GAAP) 
• Advertising revenue: US$50.08 billion 
• Operating margin: 40% 
• Reality Labs operating loss: about US$4.43 billion 

How the market reacted last time

Meta shares fell in after-hours trading after the release. Commentary at the time highlighted strong top-line outcomes, alongside investor focus on the outlook for spending and the pace of AI and infrastructure investment.

What’s expected this quarter

Bloomberg consensus points to continued year-on-year revenue growth, led by advertising, with operating margins expected to remain elevated despite ongoing AI and infrastructure expenditure.

Bloomberg consensus reference points (January 2026)

• Revenue: about US$41 to US$43 billion 
• EPS: about US$4.80 to US$5.10 (adjusted) 
• Advertising growth: high-teens year on year (YoY) 
• Operating margin: expected to remain above 40% 
• Capital expenditure (capex): elevated, reflecting AI and data centre investment 

*All above points observed as of 23 January 2026.

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Expectations

Sentiment around Meta Platforms may be sensitive to any disappointment around advertising demand, margin sustainability, or the scale of ongoing investment in AI and Reality Labs.

Recent price action suggests that some market participants appear to be pricing in a relatively constructive earnings outcome, which can increase sensitivity to negative surprises.

Listed options were pricing an indicative move of around ±3% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.

Implied volatility was about 31% annualised into the event, as observed on Barchart at 11:00 am AEDT on 23 January 2026.

These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.

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What this means for Australian traders

Meta’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into broader global equity risk appetite and index-linked products traded during the Asia session after the release, which can be volatile and unpredictable following earnings events.

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Important risk note

Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information. 

Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.