BofA expects Alphabet to post a modest third-quarter earnings beat, with revenue of $111.4 billion and GAAP EPS of $3.07, versus Street estimates of $111.0 billion and $2.98. Cloud growth is seen at 93%, above the 89% consensus, driven by expanding capacity and TPU sales, while Search growth should match the Street's 15% although BofA's checks point to some deceleration. BofA expects operating expenses of $33.5 billion, below the Street's $34.3 billion, and 2026 capital expenditures of about $200 billion, close to consensus. It reiterated its Buy rating, citing differentiated AI assets, proprietary models, custom silicon and broad distribution.
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/19/2026 | 344.18 |
| Change that session | +1.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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