Alphabet disappoints Wall Street despite record results: shares fall more than 8%

FinanceInternationalXTB.comOct 28, 2026, 4:33 PM35 s readAI summary

Alphabet closed the third quarter of 2026 with revenue of $127.6 billion, up 25% year on year, slightly below expectations of about $128 billion. Operating profit rose 30% to $40.6 billion, but net profit fell 25% to $26.2 billion, and earnings per share came in at $2.12 versus roughly $3.00 expected. The stock fell 8.25% in after-hours trading, testing the $300 level.

In 35 seconds

Revenue of $127.6 billion (+25% year on year), below the roughly $128 billion analysts expected.
Net profit fell 25% to $26.2 billion on an $8.7 billion loss on equity investments; EPS was $2.12 versus about $3.00 expected.
Google Cloud revenue reached $30.7 billion (+103%) and its operating profit rose from $3.6 billion to $11.1 billion.

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IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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Google
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Alphabet disappoints Wall Street despite record results: shares fall more than 8%

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Economic Rescue Law: 19% VAT on food and changes to income tax and payroll

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