Alphabet (GOOG) shares fell 11.91% on the day after its third-quarter report, wiping out roughly $500 billion in market value. The miss was mostly driven by an $8.7 billion loss on equity securities, which cut $0.55 from diluted EPS; GAAP EPS of $2.12 compared with the $2.9659 consensus. Operating income still rose 29.93% to $40.58 billion, while revenue reached $127.58 billion, up 24.6%, and Google Cloud grew 103% to $30.71 billion. Risks flagged include free cash flow of -$9.07 billion due to $51.36 billion in capex and 2026 capex guidance of $195 to $205 billion. The 24/7 Wall St. model sets a $407.60 price target and rates the stock a buy with 70% confidence.
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GOOGLearningscloud computingvaluation
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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 | $3.5T |
| Close on 10/30/2026 | 279.76 |
| Change that session | -1.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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