Hi everyone,
I have gathered this week the earnings report of $META (Meta Platforms Inc) and $MSFT (Microsoft) as it has been really similar on different aspects.
Meta and Microsoft both reported strong quarterly results, beating analyst expectations on revenue and earnings. Share prices increased following the announcements, with Meta up 11% and Microsoft up 4%. This had a positive impact on our portfolio.
Microsoft delivered a revenue of $76.44 billion (+18% YoY) and net income of $27.23 billion ($3.65 per share), compared with $22.04 billion a year ago. Meta reported a revenue of $47.52 billion (+22% YoY) and net income of $18.34 billion ($7.14 per share), representing 36% year-over-year growth.
While reading each earnings report, both companies emphasized the fact that they are increasing their commitment to heavy AI investment and infrastructure expansion. Microsoft expects over $30 billion in Q1 FY26 capex (vs. $24.23 billion expected), while Meta raised its 2025 capital expenditure guidance to $66–72 billion (from $64–72 billion previously).
AI remains at the centre of strategic growth. Meta has invested $14.3 billion into Scale AI and launched its new Meta Superintelligence Labs, while Microsoft continues to scale its generative AI and data centre infrastructure.
I would say that I remain cautious about the aggressive pace of Meta’s AI spending, both companies’ core businesses remain highly profitable and are funding the AI transition from a position of strength. I find that the scale and leadership in software, advertising, and cloud infrastructure reinforce their role as long-term core holdings in our diversified portfolio.
Have a nice weekend.
Guillaume Serdan... Show More
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Wed Nov 12 2025 19:26:20 GMT+0000 (Coordinated Universal Time)
