Alphabet will report third-quarter results after the bell on Wednesday, with analysts expecting EPS of $3.02 and revenue of $128.2 billion, up 25% from a year earlier. Shares have fallen in five of the past six sessions and are down about 7% in October amid concern about AI spending costs. Capex guidance was raised in July to between $195 billion and $205 billion, and analysts expect third-quarter capex of $55.2 billion, up 130%, along with negative free cash flow of $2.27 billion. Cloud revenue is projected to grow 90% to $28.7 billion as Google takes share from AWS and Microsoft Azure, though analysts flag execution risk in Search as competition from OpenAI, Anthropic and AI agents increases.
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/27/2026 | 320.57 |
| Change that session | +1.19% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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