Alphabet reported revenue of $127.6 billion, up nearly 25% but below the $128.2 billion expected, while adjusted EPS fell 7% to $2.67 against $3.02 expected. Google Cloud revenue doubled to $30.71 billion and backlog reached $561 billion, and the Gemini app has over 1 billion monthly active users. Search segment revenue rose 12% to $63.35 billion, but its growth rate slowed for a second straight quarter, while total ad revenue grew 10.5%, well below Meta's 26%. The company kept its full-year capex guidance at $195 billion to $205 billion and expects capex to increase significantly in 2027, to top $300 billion, while free cash flow was negative $9.07 billion. Shares fell nearly 10% in after-hours trading.
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GOOGLearningscloud computingadvertising
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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 10/28/2026 | 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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