Alphabet Q3 2026 Earnings Miss Wall Street Estimates

Alphabet just reported twenty-five percent revenue growth, but the stock still tumbled eight percent in after-hours trading. Total revenue reached one hundred twenty-seven point six billion dollars, which slightly missed analyst forecasts. Earnings per share took a much bigger hit at two dollars and twelve cents against expectations of three dollars and one cent. Despite the miss, CEO Sundar Pichai called it a strong quarter. The company crossed a half-trillion-dollar annual run rate, and the Gemini app hit one billion users. Google Cloud revenue also surged one hundred three percent, driven by massive demand for AI infrastructure and TPU systems. Meanwhile, YouTube ad revenue climbed nine percent to hit eleven point two billion dollars. One outlet notes that total revenue reached one hundred twenty-seven point eight billion in consensus estimates, highlighting the narrow gap that triggered the selloff. Wall Street clearly wants faster returns on all that heavy AI spending.