Alphabet reported Q3 revenue up 25% to $127.6 billion, but free cash flow was negative $9.1 billion, the second straight quarter, as $51.4 billion in capital expenditures exceeded $42.3 billion in operating cash flow. The company also built inventory for its custom TPU systems and paid $5.2 billion tied to a 2018 European Commission fine. Trailing 12-month free cash flow remained positive at $19.7 billion, and cash and marketable securities totaled $265.1 billion, including $90.4 billion in equity investments. Operating income rose 30% to $40.6 billion, Google Cloud revenue reached $30.7 billion with a $561 billion backlog, and Search revenue grew 12% to $63.4 billion. The shares fell sharply after the report, and the article highlights monitoring Cloud margins, Search ad growth and free cash flow.
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GOOGLfree cash flowearningsAI investmentcloud 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 | $3.5T |
| Close on 11/03/2026 | 279.91 |
| Change that session | +0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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