Alphabet reported third-quarter revenue up 25% to $127.6 billion, its 13th straight quarter of double-digit growth, and operating income up 30% to $40.6 billion. Results were offset by an $8.2 billion unrealized loss on its SpaceX investment and negative free cash flow of $9.1 billion, as capital expenditures and inventory investment rose. Search revenue grew 12% to $63.3 billion, while Google Cloud revenue more than doubled to $30.7 billion, operating income tripled to $11.1 billion, and Cloud backlog reached $561 billion. The Gemini app reached 1 billion users. Alphabet kept its 2026 capital-spending forecast at $195 billion to $205 billion and expects spending to rise significantly in 2027 to build AI infrastructure.
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GOOGLearningsartificial intelligencecloud computingAI investment
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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