Alphabet spent $51.355 billion on capital expenditures in Q3 2026, up 114.4% year over year, while operating cash flow of $42.290 billion did not cover that spending, leaving free cash flow at negative $9.065 billion. The company raised about $41.4 billion, including $12.371 billion from common stock sales under an at-the-market program and $28.996 billion of new debt, and repurchased no stock, compared with $11.504 billion a year earlier. Long-term debt rose to $125.102 billion from $46.547 billion at the end of 2025, and interest expense climbed to $967 million. Management kept 2026 capex guidance at $195–205 billion and expects capex to increase significantly in 2027. Google Cloud revenue rose 103% to $30.709 billion, but Alphabet shares fell 9.97% to $292.50 in after-hours trading.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet 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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