Alphabet Q3 Preview: Profit Seen at $37.27B as TPU Sales Begin to Ramp
GOOG sits 20% above its 52-week low of $264.94.
Summary
Alphabet reports third-quarter results after the close Wednesday, with FactSet consensus at $37.27 billion of profit, $3.01 a share, on $127.94 billion of revenue — up from $34.98 billion, $2.87 and $102.35 billion a year earlier. The quarter marks the second period of external TPU chip revenue; BNP Paribas models an $80 billion to $100 billion cumulative opportunity through 2028, still small today but the number traders will fixate on. Cloud is the other swing factor: Truist points to a $514 billion backlog being converted, with Anthropic's $200 billion five-year commitment starting to flow through in the back half. The bear case sits in core search, where Mizuho flags Network impressions decelerating to 12% in Q2 as AI queries displace open-web traffic, though BNP calls Search trends durable. Shares were up 1.3% at $321.05 ahead of the print, against a stock up 2.6% year-to-date.
At the time of this announcement, GOOG was trading at $317.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $264.94 to $404.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.