Alphabet's third-quarter revenue came in at $128bn, below analyst expectations, and earnings also fell short of market forecasts. Google Cloud revenue more than doubled year on year, but weaker-than-expected search advertising and higher AI-related spending worried investors.
The story so far: Alphabet third-quarter results
Alphabet was expected to report third-quarter 2026 results with consensus revenue of $128bn, up 24.9% year on year. Revenue came in at $128bn, below analyst expectations, with earnings also missing forecasts; Google Cloud revenue more than doubled but search advertising was weak and AI spending rose.
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Alphabet third-quarter revenue of $128bn misses expectations
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