Alphabet Q3 Profit Falls to $26.17B Despite 24.7% Revenue Jump
GOOG is trading near its 52-week low of $267.17 (11% above the low).
Summary
Alphabet's third-quarter GAAP net income fell to $26.170 billion, or $2.12 a share, from $34.979 billion, or $2.87 a share, a year earlier, missing earnings expectations. Revenue rose 24.7% to $127.577 billion from $102.346 billion, so the top line grew while profit shrank — a margin squeeze rather than a demand problem, with Cloud revenue more than doubling. The profit decline lands against a backdrop of aggressive AI spending: capex guidance was raised to $195–$205 billion for 2026 and the company sold $25 billion of bonds in August to fund the buildout. At quarter end, the Gemini app had reached one billion users. Traders will weigh whether the earnings drop is a one-off or the start of a cost cycle tied to that infrastructure spend.
At the time of this announcement, GOOG was trading at $295.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $4T. The 52-week trading range was $267.17 to $404.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.