2 publishers · first seen Wed, 28 Oct 2026 20:40 UTC · updated Thu, 29 Oct 2026 21:20 UTC
Alphabet reported a 25 per cent year-on-year increase in revenue to USD 127.6 billion in the third quarter, driven by strong growth in Google Cloud and Search, with the company stating its annual revenue run rate had reached half a trillion dollars. Google Cloud revenue more than doubled to USD 30.7 billion, up 103 per cent from a year earlier, while operating income rose 30 per cent to USD 40.6 billion. However, net income available to common stockholders declined to USD 26.2 billion from USD 35 billion a year earlier, with diluted earnings per share falling to USD 2.12 from USD 2.87, due in part to an USD 8.7 billion loss on equity securities.
Alphabet's after-hours stock price dropped more than 11 per cent following the results, wiping out more than USD 280 billion in market value, as investors expressed concern over slower growth in Google Search, which rose 12 per cent to USD 63.4 billion.
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