● IndustryOct 29, 2026 · 19:368 sources
Alphabet Plunges 11% Premarket Toward Worst Earnings Drop as 13 Analysts Cut Targets
From marketbrief.now
AI;DR
Alphabet shares fell 11% in premarket trading after its third quarter report missed revenue estimates, prompting 13 Wall Street firms to cut price targets and Citizens to downgrade the stock. The decline marked Alphabet's largest post-earnings drop since its 2004 IPO, with Google Cloud revenue rising 103% to $30.71 billion while Search and Other revenue growth slowed to 12%.
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Sources
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- SUPPORT@financialjuice“Google Search & Other rev. $63.35B, est. $64.85B”x.com
- SUPPORT@pequityresearch“Google had a $8.2B expense this quarter resulting in an EPS miss”x.com
- SUPPORT@thetranscript_“Alphabet CFO on Other Income (Expense): "OI&E was negative $8.2 billion, due primarily to unrealized loss from our investment in SpaceX from a decline in its stock price in the third quarter.”x.com
- SUPPORT@firstadopter“Google earnings call: "It's worth noting that the strong growth in AI mode queries had an impact because of the lower monetization we were seeing in AI mode."”x.com
- SUPPORT@jasonlk“For the first time EVER, $GOOGL Search as a % of revenue is now below 50%.”x.com
- SUPPORT@melvininvests“$GOOGL reported advertising revenue of $82.01 billion, missing Wall Street's estimate of $83.57 billion”x.com
- SUPPORT@garymarcus“free cash flow was negative for a second straight quarter, -$9.1bn vs -$3.5bn consensus. Trailing-12-month FCF collapsed 73% to $19.7bn, from $73.6bn a year ago.”x.com