Emma Roth / The Verge:
Microsoft reports Q3 Xbox hardware revenue fell 33% YoY and Xbox content and services revenue, which includes Game Pass, dropped 5% YoY  —  Xbox hardware revenue took a 33 percent hit, even as the company raked in $82.9 billion. … Microsoft's Xbox hardware revenue continues to tumble …

Ian King / Bloomberg:
Qualcomm reports Q2 revenue down 3% YoY to $10.6B and says a top hyperscaler is on track to begin using its chips later this year; QCOM jumps 12%+ after hours  —  Qualcomm Inc. rallied in late trading after the company said it was making headway in the lucrative data center market and predicted …

Financial Times:
Google has told employees in a memo that it “proudly” works with the US military and will continue to do so, amid opposition from some staff over DOD contracts  —  The tech giant signed an artificial intelligence deal with the defence department on Monday

Jonathan Vanian / CNBC:
Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020  —  As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money.

Jordan Novet / CNBC:
Microsoft's Q3 Intelligent Cloud revenue was $34.68B vs. $34.27B est., with Azure and other cloud services surging 40% YoY; Microsoft 365 Copilot has 20M+ seats  —  Microsoft issued higher-than-expected capex guidance for 2026, with the software maker's quarterly earnings and revenue topping estimates.