Google stock
On October 28, 2026, Alphabet Inc. reported financial results for the third quarter ended September 30, 2026. Consolidated revenue grew 25% year--over--year to $127.6 billion, slightly missing consensus estimates of approximately $128 billion, while operating income increased 30% to $40.6 billion with an operating margin of 31.8%. Net income fell 25% to $26.2 billion, resulting in diluted earnings per share of $2.12 (well below expectations of roughly $3.00), burdened by an $8.7 billion valuation loss on equity investments. Record capital expenditures of $51.4 billion—directed toward artificial intelligence data center infrastructure and custom TPUs—pushed free cash flow to negative $9.1 billion. While Google Cloud delivered standout growth, surging 103% year--over--year to $30.7 billion, core Google Search advertising revenue slowed to 12% growth ($63.4 billion) and YouTube advertising rose 9% ($11.2 billion), driving Alphabet shares down 8% to 10% in after--hours trading.