Alphabet, Google's parent company, reported third-quarter revenue up 25% year over year to $127.58 billion, though this fell short of the $127.97 billion analysts expected according to a FactSet poll. Net income was $26.17 billion, down from $34.98 billion a year earlier, with results weighed by an $8.7 billion loss on equity investments. Earnings per share were $2.12, while analysts' estimates were around $3.01 per share, and it was unclear whether the two figures are directly comparable. CEO Sundar Pichai said the quarter was strong and that the Gemini app had reached 1 billion users, the fastest-growing product in Google's history. Alphabet shares fell about 9% to $295.20 within an hour after the market closed.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
GOOGLearningstech stocksartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| 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.
Related news
- Google's post-earnings stock pullback could be a 'buying opportunity': Analyst
Alphabet (GOOG, GOOGL) missed Wall Street's third-quarter estimates, while Microsoft (MSFT) beat on both the top and bottom lines. Angelo Zino, senior vice president and equity analyst at CFRA Research, spoke with Yahoo Finance reporter Jake Conley about the latest Big Tech results.
- Alphabet Stock Breaks Down Ahead of Q3 Earnings: Could GOOGL Fall 30%?
- Down 7.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Alphabet (GOOGL)
Alphabet (GOOGL) shares have fallen 7.6% over the past four weeks and entered oversold territory, with an RSI reading of 29.45 versus the usual threshold of 30. The article suggests the heavy selling may be exhausting itself, and notes the consensus EPS estimate for the current year has risen 0.4% over the last 30 days. Alphabet also holds a Zacks Rank #2, placing it in the top 20% of more than 4,000 stocks ranked on earnings estimate revisions and EPS surprises. The article cautions that RSI has limitations and should not be used alone for making an investment decision.
- Alphabet earnings: what to look for from GOOGL
Alphabet (NASDAQ: GOOGL) will report results this Wednesday after the market close. Last quarter, revenue reached $119.8 billion, up 24.2% year on year, beating analysts' revenue expectations and showing an impressive beat on EPS estimates. This quarter, the market expects revenue to grow 24.9% year on year, improving from the 15.9% increase in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, and Alphabet rarely misses Wall Street's revenue estimates.
- Big Tech Earnings Are a No-Win Test as Investors Punish Both Capex Cuts and Hikes
- Alphabet (GOOGL) Stock Declines While Market Improves: Some Information for Investors
Alphabet (GOOGL) closed at $339.57, down 1.34% from the prior session, lagging the S&P 500's 0.28% gain that day, while the Dow rose 1.02% and the Nasdaq fell 0.02%. Over the past month, the shares dropped 3.04%, underperforming the Computer and Technology sector's 2.28% loss and the S&P 500's 0.67% gain. Earnings are expected on October 28, 2026, with consensus EPS of $2.94 (up 2.44% year over year) and revenue of $111.64 billion (up 27.63%). For the full year, analysts project EPS of $20.55 and revenue of $434.71 billion, up 90.1% and 26.77%. The stock holds a Zacks Rank #2 (Buy) and a Forward P/E of 16.75 versus the industry's 14.91, with a PEG ratio of 1 against the industry's 1.61.
Related markets
Latest news
- Bitcoin Treasury Datavault AI Says It Can’t Access Its BTC, Stock Tanks
Datavault AI shares fell 49.55% to $0.067 after an SEC filing said the company has been unable since June to complete a request to withdraw Bitcoin from the Biconomy exchange. The company will restate four financial reports, cutting reported assets by up to $92.2 million, after reclassifying Bitcoin from a $150 million Scilex stock deal as a subscription receivable. Management is reassessing its going-concern status because it had counted the Bitcoin as a source of liquidity, and collecting what Scilex owes is uncertain. Scilex separately signed a binding term sheet in June 2026 to buy 837 BTC held in Datavault's Biconomy wallet for $50 million, subject to a definitive agreement. Datavault stock later bounced to near $0.085.
- Carvana and Chipotle Soar After Earnings While Ford and ServiceNow Sink
Carvana sold a record number of cars and Chipotle's traffic held up, sending both stocks higher after hours. Ford's EV losses and a small ServiceNow miss weighed on those two stocks.
- AI Spending Is Nearing $1 Trillion Annually. These 2 Stocks Are Most at Risk If It Slows.
AI capital expenditures are approaching $1 trillion a year, driving record results at Nvidia and Micron but raising investor doubts about how sustainable the spending is. Nvidia reported $96.2 billion in revenue for its fiscal 2027 second quarter, with $89 billion from its data center business, so its growth is closely tied to the AI infrastructure budgets of the biggest tech companies. Micron benefits from strong high bandwidth memory demand, reporting fiscal 2026 fourth-quarter revenue of $54.2 billion and $133.2 billion for the full year, but memory is cyclical and an oversupply could push prices down. The article concludes that both companies could be reassessed if AI spending slows, with Nvidia having more to lose.
- Alphabet CFO walks through the company's Q3 results
Alphabet (GOOGL, GOOG) CFO Anat Ashkenazi outlined the company's third-quarter financial results on its Q3 earnings call. The call covered revenue growth, operating expense growth driven by AI talent and Gemini investment, and a jump in operating income.
- Canadian ‘crypto king’ case to go to jury as criminal trial winds down
Aiden Pleterski, a self-described “crypto king” in Canada, faces fraud charges over his alleged role in a digital asset Ponzi scheme, and the case will go to jury deliberations after closing arguments. Pleterski told the court he is innocent, saying he was forced to represent himself and that his innocence would otherwise have been proven. According to CBC, the jury will begin deliberating Thursday after receiving final instructions from Justice Shaun Nakatsuru. He is accused of defrauding about $30 million from social media followers between 2021 and 2022, was charged in 2024, and had waited more than two years for trial; a fraud conviction could bring up to 14 years in prison. Separately, five men, some reportedly victims of the scheme, were charged with kidnapping and torturing him in 2022, and one of them, Deren Akyeam-Pong, pleaded guilty to nine charges and awaits sentencing.
- Microsoft recorded $10 billion in revenue from OpenAI
Microsoft reported $10 billion in revenue from its commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter ended September 30, nearly 11% of its $92.3 billion total quarterly revenue. For the full 2026 fiscal year, OpenAI-related revenue reached $24.1 billion, and at the latest quarterly pace Microsoft would earn about $40 billion a year from these arrangements. Its receivables from OpenAI rose to $7.2 billion at the end of September from $6 billion at the end of June, reflecting amounts owed for past transactions rather than new revenue. The filing does not show how much came from revenue sharing versus Azure cloud services. Under an April 2026 agreement, OpenAI will keep sharing revenue with Microsoft through 2030, subject to a cap, while Microsoft's stake fell from about 25% in June to 24% in September, with no cause specified.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.