Microsoft, Meta, and Qualcomm Earnings to Test AI ROI Amid Fed Decision

Major tech giants report earnings alongside Fed rate decision, testing market confidence in AI capital expenditure returns and cash flow sustainability.

Woofun AI reports that Microsoft, Meta, and Qualcomm will release quarterly earnings after the U.S. market close on Wednesday, coinciding with the Federal Reserve interest rate decision. Wall Street projects Microsoft revenue near $87.6 billion and EPS of $4.24, with focus on Azure growth and 2027 capex guidance. Meta faces scrutiny on 'AI burn' with expected revenue of $60.2 billion and EPS of $7.19, while Qualcomm anticipates $9.7 billion in revenue and $2.24 adjusted EPS. Investors are shifting focus from demand strength to whether AI investments translate into tangible revenue and cash flow, amid ongoing pressure on semiconductor stocks.