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

Thursday, Feb 5, 2026 6:34 am ET1min read
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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.

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

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