Google stocks fell about 10% in after-hours trading after Alphabet reported third-quarter results that missed Wall Street profit expectations, investors and market coverage show.
Alphabet’s Oct. 28 earnings release shows consolidated revenue rose 25% year-over-year to $127.6 billion, but diluted earnings per common share fell to $2.12 for the quarter, down from $2.87 a year earlier.
Market reporting said the stock plunge followed the earnings miss and disclosure that heavy AI-related capital spending pushed quarterly capital expenditures to about $51.4 billion and turned quarterly free cash flow negative, a combination that worried investors.
Alphabet’s investor presentation highlighted Google Cloud revenue jumped 103% to $30.7 billion and that Search and YouTube continued to grow, but outlets noted the EPS shortfall dominated investor reaction and sent shares sharply lower.
Analysts and market coverage framed the move as a reaction to profitability and cash-flow metrics rather than top-line growth: while revenue hit $127.6 billion, net income available to common stockholders fell to $26.2 billion, per the company release and financial reporting.
The article includes context on why the market reacted: Alphabet disclosed large at-the-market share issuances and senior unsecured notes during the quarter and flagged continued heavy capex as it scales TPU systems and AI infrastructure, which raises near-term cash demands.
For readers tracking the stock action, see our prior coverage of Alphabet entering the tech-earnings week and a recent market-close price update for context.
Keywords: google stocks, Alphabet, Q3 results, earnings, Google Cloud.
Sources
- Alphabet Inc. (press release) — Q3 2026 results, revenue $127.6B, EPS $2.12, Google Cloud growth and capex figures.
- Investing.com — market reaction, after-hours share decline and analysis of capex, free cash flow and investor concerns.
Related links: GOOGL stock under watch, GOOG stock closed Oct. 28
