GOOGL Alphabet Inc.

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Alphabet Missed Expectations

Wednesday, October 28, 2026 · 4:02 PM ET

Alphabet (GOOGL) reported earnings of $2.12 per share on revenue of $127.58 billion for the third quarter ended September 2026. The consensus earnings estimate was $2.94 per share on revenue of $111.80 billion. The Earnings Whisper number was $3.08 per share. The company missed expectations by 31.17% while revenue grew 24.65% on a year-over-year basis.

Sundar Pichai, CEO of Google and Alphabet, said, “We had a strong quarter and are now on a half-trillion dollar revenue run rate. Our deep full stack approach is driving momentum across the business, with Alphabet revenues growing 25% year-over year."

Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.

Earnings Whisper Grade —
Power Rating—
Reported Earnings
$2.12
Earnings Whisper®
$3.08
Consensus Estimate
$2.94
Earnings Surprise
Earnings Growth-26.1 %
Reported Revenue
$127.58B
Revenue Estimate
$111.80B
Revenue Surprise
Revenue Growth24.7 %

Earnings Conference Call Summary

Alphabet Announces Third Quarter 2026 Results

Wednesday, October 28, 2026 · 4:02 PM ET GOOGL

MOUNTAIN VIEW, Calif. – October 28, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2026.

  • Consolidated Alphabet revenues increased 25% to $127.6 billion, reflecting strong performance across the business and our 13th consecutive quarter of double-digit revenue growth.
  • Google Services revenues increased 11% to $96.3 billion, led by 12% growth in Google Search & other with the year-over-year Search query growth rate the highest it has been in the last five years.
  • Google Cloud delivered record growth as revenues increased 103% to $30.7 billion, led by strong growth in Google Cloud Platform (GCP) across enterprise AI infrastructure and enterprise AI solutions, as well as core GCP services. TPU systems sales were also a meaningful contributor to revenue growth.
  • Consolidated Alphabet operating income increased 30% and operating margin was 31.8%.
  • Net income available to common stockholders was $26.2 billion and EPS was $2.12.
Sundar Pichai, CEO of Google and Alphabet, said:

“We had a strong quarter and are now on a half-trillion dollar revenue run rate. Our deep full stack approach is driving momentum across the business, with Alphabet revenues growing 25% year-over year.

Our AI investments are driving overall Search query growth, including commercial queries. In fact, our year-overyear query growth rate is the highest it’s been in the last five years.

Google Cloud revenues grew 103%, powered by huge demand for our AI infrastructure and AI solutions. We’re also seeing strong demand for our TPU systems across a wide range of customers.

Gemini 4 Argon and Carbon are now leading at the frontier. Overall, our first-party model APIs are now processing nearly 32 billion tokens per minute, more than four times what we processed a year ago.

On top of that, the Gemini app has reached one billion users—making it the fastest-growing product in Google’s history—and we surpassed 150 million YouTube Music and Premium subscribers globally, including trials.

We’re excited by the range of big opportunities ahead of us.”

For the full earnings release, please go here.