Alphabet Earnings: Growth with a Price Tag, Qualcomm Falls Short, Pizza Hut Resets

Alphabet's Q4 earnings beat expectations, with revenues growing 18% to $113.8B. However, the company's sharp rise in 2026 spending, with capex projected at $175B-$185B, raised concerns. Qualcomm's Q2 guidance missed Wall Street's forecast, with the company expecting to earn between $2.45 and $2.65 per share on an adjusted basis. Yum! Brands plans to close around 250 underperforming Pizza Hut restaurants in the US as part of a brand reset.