Getting Ready for Earnings with Alpharepo
Hyperscaler earnings, prepped with one template. Every model gets the same preview at the same time, and capex, the line moving at all five, rolls up into one sheet.
Covered in this post
Every quarter, every name in your coverage needs an earnings preview: your estimate against consensus on each line (and against guidance, where the company gives it), the gap in dollars and percent, your growth against consensus growth. At one model, that is manageable. At 150, with the segment-level detail where divergences and revisions actually show up, the preview becomes the job, and it resets every quarter. Alpharepo makes it something you set up once. This quarter we ran it on the five hyperscalers, and everything below is the product's own output.
Oracle reports on September 10, Alphabet on October 20, Meta on October 28, Microsoft on October 29 and Amazon on October 30. The same four numbers move all five: cloud growth, capex, operating income, and what management says about next quarter.
Build it once, run it everywhere
A preview has the same shape for every company: the lines that matter, and under each one the same comparisons against the same sources. You define that shape once and apply it to every model at the same time. Standard lines (total revenue, operating income, diluted EPS, capex, free cash flow) map to consensus automatically, and company-specific ones slot in underneath: Net sales - AWS and the retail segments for Amazon, Revenue - Azure and other cloud services for Microsoft, Google cloud revenue for Alphabet, ad impressions and price per impression for Meta. Five models here. At 150, it is the same step.
Microsoft is the cleanest read of the season. Consensus has revenue at $90.66B (+16.7% YoY, a 34-broker mean) and Azure at $33.96B, still growing 45% off a much bigger base; the internal estimate sits 1.4% above consensus on revenue and in line on Azure. Amazon's headline is not where the disagreement is. The internal estimate sits on the consensus $202.23B (47 brokers) and 1.1% above it on AWS, where consensus has $45.26B, up 37% year over year.
Every number carries its broker count. When a segment line has only 16 contributors, Microsoft's Intelligent Cloud operating income for instance, you want to know that before you treat the mean as the market's view.
The internal stance per name is deliberate and stated: above consensus on Microsoft, Alphabet and Amazon, below it on Meta and Oracle. The internal column is Alpharepo's illustrative model, generated from consensus with that stance, and its header says so. It exists to show the workflow, not as a recommendation. Consensus, actuals, revision history and broker counts come from the consensus feed as pulled. Guidance and alternative data are left out of this post rather than shown as generated numbers.
The group on one sheet
Previews are per company. The questions that matter this season are not. Where does our capex sit against consensus, name by name? How much of it is net new versus last year, and versus last quarter? That is a sector sheet: one row per company, internal and consensus side by side, built from the same models as the previews.
| Company | Revenue | Capex | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Reports | Consensus | Internal vs consensus | Internal | Consensus | Internal vs consensus | Net new YoY | Net new QoQ | Consensus since Apr | |
| ORCLOracle Corporation | Sep 10Q1 FY27 | $19.06B | +0.3% | $19.19B | $19.39B | −1.0% | +$10.89B | +$2.90B | +35.3%23 brokers |
| MUMicron Technology, Inc. | Sep 30Q4 FY26 | $50.52B | +1.0% | $10.05B | $10.00B | +0.5% | +$4.34B | +$2.18B | +23.1%19 brokers |
| TXNTexas Instruments Incorporated | Oct 19Q3 FY26 | $5.89B | −0.4% | $744.4M | $745.3M | −0.1% | −$451.7M | +$231.3M | +32.1%15 brokers |
| GOOGLAlphabet Inc. | Oct 20Q3 FY26 | $127.34B | +0.9% | $56.65B | $55.97B | +1.2% | +$32.02B | +$11.05B | +17.0%34 brokers |
| METAMeta Platforms, Inc. | Oct 28Q3 FY26 | $63.33B | −0.5% | $41.52B | $41.50B | +0.1% | +$22.67B | +$11.38B | +28.5%30 brokers |
| NOWServiceNow, Inc. | Oct 28Q3 FY26 | $4.10B | 0.0% | $211.0M | $211.0M | 0.0% | −$24.0M | +$97.0M | −16.7%32 brokers |
| MSFTMicrosoft Corporation | Oct 29Q1 FY27 | $90.66B | +1.4% | $46.14B | $46.15B | 0.0% | +$26.75B | +$10.35B | +63.0%29 brokers |
| AMZNAmazon.com, Inc. | Oct 30Q3 FY26 | $202.23B | 0.0% | $58.13B | $57.90B | +0.4% | +$22.81B | +$3.69B | +12.5%20 brokers |
| AMDAdvanced Micro Devices, Inc. | Nov 3Q3 FY26 | $13.08B | −1.1% | $630.4M | $637.4M | −1.1% | +$379.4M | −$170.6M | +169.1%22 brokers |
| QCOMQUALCOMM Incorporated | Nov 4Q4 FY26 | $10.17B | −0.8% | $440.7M | $444.1M | −0.8% | +$37.1M | −$51.9M | +1.9%17 brokers |
| PANWPalo Alto Networks, Inc. | Nov 13Q1 FY27 | $3.31B | −0.9% | $85.0M | $85.7M | −0.8% | +$1.7M | −$17.3M | +31.5%30 brokers |
| INTUIntuit Inc. | Nov 19Q1 FY27 | $4.31B | −0.1% | $55.7M | $55.3M | +0.7% | +$17.3M | −$17.7M | +5.6%18 brokers |
| NVDANVIDIA Corporation | Nov 25Q3 FY27 | $109.26B | +1.0% | $2.67B | $2.65B | +0.7% | +$1.02B | −$22.7M | +28.7%25 brokers |
| WDAYWorkday, Inc. | Nov 27Q3 FY27 | $2.69B | +0.4% | $63.6M | $64.1M | −0.8% | +$26.1M | +$4.1M | −4.7%28 brokers |
| CRMSalesforce, Inc. | Dec 2Q3 FY27 | $11.47B | +0.9% | $176.6M | $175.8M | +0.5% | +$36.8M | +$4.8M | −1.9%32 brokers |
| ADBEAdobe Inc. | Dec 10Q4 FY26 | $6.83B | −0.9% | $66.0M | $66.0M | +0.1% | +$32.0M | −$19.0M | +23.6%17 brokers |
| AVGOBroadcom Inc. | Dec 10Q4 FY26 | $34.87B | +0.7% | $848.2M | $845.6M | +0.3% | +$608.6M | +$313.6M | +180.5%23 brokers |
The footer is the number you only see with the whole group on one page: what the five are expected to spend this quarter, and how much of it is new money against a year ago. Three things to read carefully. The quarters are fiscal, as reported: Oracle's ends in August, the other four end in September, and the sheet does not calendarize them. "Cloud" is not one thing across these five (Azure, AWS and Google Cloud are segments; Microsoft's cloud operating income is the broader Intelligent Cloud line), so the sheet does not roll it up. And the column a PM asks for next, where the internal estimate has stood against consensus going into the last four prints, needs internal estimate history that this run does not carry yet. It is the next column.
Watch the revisions, not just the level
A consensus number on the day before the print tells you where the bar is. The revision history tells you which way the bar has been moving and how fast, and that is what the stock reacts to. Since April, Alphabet's Google Cloud consensus for Q3 has been revised up 29%, AWS up 9.6%, Meta's capex up 28.5% and Oracle's capex up 35%. Microsoft's revenue consensus, by contrast, has barely moved (+1.5%) while its capex consensus for the quarter has been revised up 63% over the same window, to $46.15B, 138% above a year ago.
The chart is the platform's series chart over weekly consensus snapshots. The step line is consensus; the dot is where the internal estimate sits as of this run. Switch metrics to see the same picture for revenue, capex and EPS.
What it took
One template, five models, applied in one step. Consensus and its revision history came with it, and the sector sheet came from the same models. After the print, you rerun it. The time went into reading the numbers, not assembling them. Every cell traces to a consensus line-item id and a broker count, and every grid on this page is the component the product renders, not a screenshot of one.
Consensus, actuals, revision history and broker counts: sell-side consensus, pulled September 10, 2026. Internal column: Alpharepo's illustrative model, generated from consensus with a stated stance per company, and labelled as such in every grid. Guidance and alternative data are not shown. Nothing here is investment advice.
If your earnings prep still starts with a blank sheet and a VLOOKUP, book ten minutes and we will run your coverage through this before the next print.