Quarterly dashboard · Updated 2026-06-11
CapEx 증가율 vs AI/클라우드매출 증가율2026년 1분기 실적 기준
CapEx는 SEC 10-Q/XBRL의 property/equipment 또는 productive assets 취득액 기준입니다. AI 매출은 대부분 직접 공시되지 않아 10-Q에서 AI/클라우드와 연결된 공식 세그먼트 또는 매출 프록시를 사용했습니다. 핵심은 단순한 투자 규모가 아니라, AI 인프라 지출 증가율이 클라우드/AI 매출 프록시 증가율을 얼마나 앞서는지입니다.
$148.4B분기 CapEx 합계
+90.8%CapEx 합계 YoY
+34.0%프록시 매출 가중 성장
+56.8%CapEx – 매출 성장 Gap
MSFTFY2026 Q3 / 2026-03-31
Microsoft
+84.4%CapEx YoY
+29.0%Microsoft Cloud revenue
2.9x증가율 배수
Azure and other cloud services revenue +40%
강한 선투자 · High for CapEx and cloud proxy; AI revenue is not separately disclosed.GOOGL2026 Q1 / 2026-03-31
Alphabet
+107.4%CapEx YoY
+63.4%Google Cloud revenue
1.7x증가율 배수
GCP includes enterprise AI infrastructure, Vertex AI, and Gemini Enterprise; TPU customer agreements begin later in 2026/mostly 2027.
선투자 우위 · High for CapEx and Google Cloud revenue; AI revenue is not separately disclosed.AMZN2026 Q1 / 2026-03-31
Amazon
+76.7%CapEx YoY
+28.0%AWS net sales
2.7x증가율 배수
AWS sales growth reflects customer usage, partially offset by pricing changes from long-term contracts.
선투자 우위 · High for CapEx and AWS sales; AI revenue is not separately disclosed.META2026 Q1 / 2026-03-31
Meta Platforms
+46.8%CapEx YoY
+33.0%Total revenue / advertising proxy
1.4x증가율 배수
Ad impressions +19%, average price per ad +12%; AI monetization is mostly indirect through discovery/ads efficiency.
검증 우위 · High for CapEx and total revenue; Low as direct AI revenue proxy because Meta does not disclose AI revenue separately.ORCLFY2026 Q3 / 2026-02-28
Oracle
+217.9%CapEx YoY
+43.5%Cloud revenue
5.0x증가율 배수
RPO $552.6B; cloud revenue includes Oracle Cloud applications and infrastructure, but OCI/AI revenue is not separately disclosed in 10-Q.
강한 선투자 · High for CapEx and cloud revenue; Medium/Low as OCI/AI proxy because OCI is not separately disclosed.| 회사 | 기간 | CapEx | AI/클라우드 프록시 | Gap | 출처 |
|---|---|---|---|---|---|
| MSFT Microsoft |
FY2026 Q3 / 2026-03-31 | $30.9B +84.4% |
Microsoft Cloud revenue $54.5B +29.0% |
+55.4% 2.9x |
SEC |
| GOOGL Alphabet |
2026 Q1 / 2026-03-31 | $35.7B +107.4% |
Google Cloud revenue $20.0B +63.4% |
+44.1% 1.7x |
SEC |
| AMZN Amazon |
2026 Q1 / 2026-03-31 | $44.2B +76.7% |
AWS net sales $37.6B +28.0% |
+48.7% 2.7x |
SEC |
| META Meta Platforms |
2026 Q1 / 2026-03-31 | $19.0B +46.8% |
Total revenue / advertising proxy $56.3B +33.0% |
+13.8% 1.4x |
SEC |
| ORCL Oracle |
FY2026 Q3 / 2026-02-28 | $18.6B +217.9% |
Cloud revenue $8.9B +43.5% |
+174.4% 5.0x |
SEC |
자료 해석 기준과 공식 출처
- MSFT 10-Q — 10-Q states Microsoft Cloud revenue increased 29% to $54.5B and Azure/other cloud services increased 40%.
- GOOGL 10-Q — 10-Q revenue table shows Google Cloud $12.260B in 2025Q1 and $20.028B in 2026Q1.
- AMZN 10-Q — 10-Q states AWS sales increased 28% and table shows AWS $29.267B to $37.587B.
- META 10-Q — 10-Q states total revenue increased 33%; CapEx including finance leases was $19.84B, while XBRL PPE purchases were $18.997B.
- ORCL 10-Q — 10-Q operations table shows Cloud revenue $6.210B to $8.914B. Quarterly CapEx derived from 9M minus 6M XBRL cash-flow periods.