Mega-cap US tech: Earnings Analysis
Mega-cap US tech stocks Microsoft, Alphabet, Amazon, and Meta all reported this week.
Reneue scoreboard: Year-over-year growth Microsoft +18%, Meta +16%, Amazon +12%, Alphabet +9%.
Microsoft
Alphabet
Meta delivered an incredible Q4 2023, generating $5.33 in GAAP EPS and $40.11 billion in revenue. META beat on the top and bottom lines, announced a $50 billion buyback authorization, and implemented a dividend program.
Amazon: Fourth Quarter 2023
- Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022.
- Full Year 2023 Net sales increased 12% to $574.8 billion in 2023, compared with $514.0 billion in 2022.
- North America segment sales increased 12% year-over-year to $352.8 billion.
- International segment sales increased 11% year-over-year to $131.2 billion.
- AWS segment sales increased 13% year-over-year to $90.8 billion.
- Operating income increased to $36.9 billion in 2023, compared with $12.2 billion in 2022.
- AWS segment operating income was $24.6 billion, compared with operating income of $22.8 billion in 2022.
- Net income was $30.4 billion in 2023, or $2.90 per diluted share, compared with a net loss of $2.7 billion, or $0.27 per diluted share, in 2022.
- Free cash flow improved to an inflow of $36.8 billion for the trailing twelve months, compared with an outflow of $11.6 billion for the trailing twelve months ended December 31, 2022.
