9/10261 sources · 113 publishersUpdated Oct 30, 05:44 UTC
Alphabet reports Q3 2026 earnings miss as cloud revenue soars but capex drives cash loss
Alphabet posted Q3 2026 revenue of $127.6 billion, up 25% YoY, but earnings per share came in at $2.12, well below the $3.02 consensus. Google Cloud revenue jumped 103% to $30.7 billion, while capital expenditure rose to $51.4 billion, pushing free cash flow into the red. The results sent the stock down about 7% after hours.
Why it matters
The company warned that capex of $51.4 billion this quarter will keep free cash flow negative for the year, limiting its ability to return cash to shareholders (the company says). Analysts note that the earnings miss and cash burn could pressure the stock and valuation.
Key facts
- 1Revenue was $127.6 billion, up 25% year over year. fxleaders.com
- 2Earnings per share were $2.12, versus the $3.02 consensus estimate. fxleaders.com
- 3Google Cloud revenue grew 103% to $30.7 billion. fxleaders.com
- 4Capital expenditure for the quarter was $51.4 billion, up from $24 billion a year earlier. fxleaders.com
- 5Net loss included an $8.7 billion equity‑security loss, reducing net income by $6.7 billion. fxleaders.com
Summary written by AlphAI AI Desk from 20 of 261 sources. Not investment advice. Figures are as stated by the linked sources.