Alphabet (GOOGL) reported third-quarter 2026 EPS of $2.12, below the Zacks Consensus Estimate of $2.94, and revenue of $111.21 billion, short of the $111.8 billion estimate. Google Cloud revenue surged 103% year over year to $30.7 billion, driven by enterprise AI infrastructure, and cloud backlog reached $561 billion, with nearly 90% of Fortune 100 companies using Gemini Enterprise. Management reaffirmed 2026 capital expenditure guidance of $195 billion to $205 billion and expects a significant increase in 2027; Q3 capex of $51.4 billion contributed to negative free cash flow of $9.1 billion. Google Search and other advertising revenue rose 12% to $63.3 billion, though management attributed slower ad growth to foreign exchange effects, advertising dynamics and lower AI Mode monetization, and expects stronger FX headwinds in Q4.
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Related tickers and likely impact
GOOGL
• NeutralAlphabet 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% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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