Alphabet is up 3% year to date at $324.33 ahead of its Q3 2026 earnings, trailing Microsoft (up 10%) and Meta (down 7%). The stock has slipped as investors weigh heavy AI spending: Q2 capital expenditures reached $44.92 billion, free cash flow turned negative at $5.86 billion, and long-term debt rose from $46.5 billion to $98.2 billion while buybacks were suspended. Q2 Google Search revenue grew 17% and Google Cloud jumped 82% to $24.77 billion, but investors want proof that spending converts into revenue, and rival AI assistants such as Meta's new Muse agent could erode search. Alphabet stock rose 10% after Q1 and fell 7% after Q2, even though both 2026 reports beat estimates.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Alphabet Is Only Up 3% This Year: Will Today’s Earnings Report Make or Break GOOGL Stock?
Read the original on Yahoo Finance ↗
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GOOGLearningsAI investmentcloud computing
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/27/2026 | 320.57 |
| Change that session | +1.19% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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