Alphabet posted negative free cash flow of $9.065 billion in Q3 2026, as capital expenditures of $51.355 billion exceeded operating cash flow of $42.29 billion, even though revenue rose 24.65% to $127.577 billion. GAAP EPS of $2.12 missed the $2.97 consensus due to an $8.7 billion loss on equity securities, and shares fell 10.13% in after-hours trading. Future purchase commitments reached $924 billion and pre-commencement leases and other obligations $152 billion, while 2026 capex guidance is $195–205 billion, with 2027 spending expected to rise substantially. Alphabet raised $28.7 billion from senior unsecured notes and sold $4.3 billion of Class A and $8.1 billion of Class C shares through its at-the-market program. Search and other revenue of $63.35 billion missed the $64.85 billion consensus, while Google Cloud revenue grew 103%.
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GOOGLAI investmentearningscloud computing
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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 10/29/2026 | 283.75 |
| Change that session | -12.66% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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