Alphabet reported negative free cash flow of $9.07 billion in the third quarter, its second straight quarter of cash burn, and GOOGL shares fell more than 10% in premarket trading. Revenue of $127.6 billion and EPS of $2.12 both came in below expectations, and search ad revenue growth slowed to 12%, after 17% in Q2 and 19% in Q1, with management partly attributing this to growing use of AI Mode. Google Cloud revenue more than doubled to $30.71 billion, and its backlog grew to roughly $560 billion. Neocloud and AI infrastructure stocks also fell, with Nebius (NBIS) down 6.5%, CoreWeave (CRWV) down 6.1% and IREN down 4.8%. CFO Anat Ashkenazi said 2027 capital expenditure will rise significantly from the $195 billion to $205 billion guidance range for 2026, without giving a specific figure.
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GOOGLearningsCoreWeavecloud computing
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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