International Perspective · July 30, 2026
① Microsoft Q4 FY2026 Beats Across Board: $90.0B Revenue, Azure +43%, FY27 Q1 Guidance at +45% — Stock +7% After-Hours [详见中文版] — Microsoft reported Q4 FY2026 (ending June 30): revenue $90.01B (+18% YoY), GAAP net income $35.77B (+31%), EPS $4.81 (+32%). Azure revenue growth accelerated to 43% (from 40% in Q3), beating 40% consensus. Intelligent Cloud revenue $39.31B (+31.6%). FY2026 full-year Azure revenue exceeded $100B for the first time. Microsoft 365 Copilot surpassed 30M paid seats. Q4 capex including finance leases: $41.0B (+69% YoY). FY2027 Q1 Azure guidance: 45% constant currency growth. Stock surged 7% after-hours. (CNBC/Microsoft IR)
② US Launches 24-Country 6G Alliance Targeting Huawei/ZTE — Preemptive Standards Lockdown Ahead of 2027 3GPP Milestone [详见中文版] — On July 27, the Trump administration launched a 24-country global partnership to accelerate secure 6G development, explicitly aimed at countering China's telecom ambitions and Huawei/ZTE global influence. Led by NTIA, the alliance includes UK, Germany, Japan, South Korea, France, Sweden (Ericsson), Finland (Nokia), Australia, Canada, Italy, and 13 others. The 'Call to Action' document outlines: 1-month contact points → 3-month initial actions → 6-month mid-term assessment → 1-year full review with in-person summit. Alliance aims to set security baselines, strengthen 6G supply chains, and coordinate standards ahead of 3GPP 6G formal launch (March 2027) and WRC-27 Shanghai conference. NTIA chief Arielle Roth: '6G will be vastly different from 5G, requiring a fundamentally different playbook.' No joint budget, R&D entity, or mandatory procurement terms established. (Politico/NTIA)
③ Meta Q2 2026: Revenue $60.8B (+28%) Beats But EPS Misses, FCF Collapses 91% to $784M — After-Hours -7.5% as AI ROI Scrutiny Intensifies [详见中文版] — Meta reported Q2 2026: revenue $60.8B (+28% YoY) beating $60.17B consensus, but EPS $6.18 missed $7.22 consensus. GAAP net income $15.85B (-13.6% YoY). Free cash flow collapsed from $8.55B (Q2 2025) to $784M (-90.8%). Total costs $42.03B (+55% YoY), including $31B AI-related capex. FY2026 capex guidance narrowed to $130-145B (lower end raised from $125B). Q3 revenue guidance $61-64B, midpoint $62.5B below $63.15B consensus. Zuckerberg confirmed receiving 'lots of inbound compute demand at premium prices' but not offering cloud services externally. Reality Labs: $4.6B operating loss. After-hours stock -7.45%. (CNBC/PRNewswire)