Earnings Releases·Oct 28, 2026, 4:01 PM ET

Alphabet Inc. — Third Quarter 2026 Earnings Summary

Consolidated revenues rose 25% year-over-year to $127.6 billion, driven by a 103% surge in Google Cloud to $30.7 billion and 12% growth in Search & other revenues; operating income increased 30% to $40.6 billion with a 31.8% margin.
Net income was $26.2 billion (EPS $2.12), though Other income (expense) swung to an $8.2 billion loss from a $12.8 billion gain in the prior year period due to an $8.7 billion loss on equity securities.
Management confirmed a half-trillion dollar revenue run rate, citing strong momentum in AI infrastructure demand, Gemini app reaching one billion users, and Search query growth at its highest level in five years.
Capital allocation included $28.7 billion in senior unsecured notes issued for general corporate purposes, $12.4 billion in net proceeds from ATM stock issuances, and a quarterly cash dividend of $0.22 per share declared.
Capital expenditures doubled to $51.4 billion year-over-year, while total assets grew to $1.00 trillion and long-term debt increased to $125.1 billion as of September 30, 2026.