Alphabet reported Q3 2026 capex of $51.36B, kept its 2026 spending plan unchanged and signaled a larger 2027, and several institutions reduced their holdings after the report. Google Cloud revenue reached $30.71B, up 103% YoY, with segment operating income of $11.12B versus $3.59B a year earlier. Total revenue hit $127.58B, up 24.6%, while GAAP EPS of $2.12 fell short of the $2.97 consensus, with an $8.70B loss on equity securities reducing EPS by $0.55. Free cash flow was -$9.07B as capex rose 114.4%, and the company issued $28.7B of senior notes and sold shares through its ATM program. The author argues cloud profits are growing faster than the spending behind them and plans to track ATM issuance each quarter.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Alphabet’s Price-to-Fundamentals Mismatch Just Got Better as Institutions Sour on Capex
Read the original on Yahoo Finance ↗
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GOOGLvaluationcapital expenditurecloud computingearnings
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| 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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