Alphabet Slashes 2026 Capex to $180B, Launches $40B ATM, Inks $10B Berkshire Deal
GOOG has more than doubled off its 52-week low of $163.33 on elevated volume (1.9× avg).
Summary
Alphabet announced a $40 billion at-the-market (ATM) equity program and a $10 billion deal with Berkshire Hathaway. Crucially, the company revised its 2026 capital expenditure guidance to $180-$190 billion. This represents a drastic reduction from the approximately $700 billion capex plan for 2026 that was announced on May 13th. This major shift in capital allocation strategy will significantly impact future investment and growth expectations. The ATM program provides substantial capital flexibility but also carries potential for dilution.
At the time of this announcement, GOOG was trading at $367.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.5T. The 52-week trading range was $163.33 to $404.47. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Wiseek News.