● IndustryOct 29, 2026 · 03:238 sources
Alphabet Shares Sink as Google Records First Quarterly Profit Miss in Over 3 Years
From marketbrief.now
AI;DR
Alphabet reported third quarter revenue of $127.58B and earnings per share of $2.12, missing Wall Street projections, marking its first quarterly profit miss in over three years and causing shares to decline nearly 8% in after-hours trading. The results were impacted by a $8.7B net unrealized loss on equity securities and an operating income of $40.58B, while Google Cloud revenue surged 103% year-over-year to $30.71B. CEO Sundar Pichai cited extraordinary demand for AI infrastructure as the driver for the cloud's performance, and Alphabet's total annual revenue run rate has now reached half a trillion dollars.
Read originalSign in to suggest
Sources
+ 5 more
- SUPPORT@bespokeinvest“Alphabet $GOOGL initially trades down 7% and Microsoft $MSFT up 5% in reaction to earnings.”x.com
- SUPPORT@zerohedge“Google advertising revenue $82.01 billion, estimate $83.57 billion”x.com
- SUPPORT@ftr_investors“Revenue: $127.58B vs $127.83B est. 🔴”x.com
- SUPPORT@negligible_cap“ALPHABET SINKS 7.9% AFTER 3Q REVENUE EX-TAC MISSES ESTIMATE”x.com
- SUPPORT@melvininvests“I think this is one of the biggest long term risks facing Google. AI is increasingly replacing the need for traditional search, and that directly threatens the advertising revenue Google generates from those searches.”x.com