US Stocks Movement: Google A Plunges on October 29—Q3 Misses Expectations, EPS Drops Sharply, Cash Flow Turns Negative

Google A October 29 Major Drop Analysis

Keywords: Q3 missed expectations, EPS plummeted, negative cash flow

1. On October 28, Alphabet reported third-quarter 2026 revenue of $127.577 billion, a year-on-year increase of 25%, slightly below market expectations; GAAP earnings per share were $2.12, significantly lower than the expected $3.01–$3.03, and the stock price fell more than 10% after hours.

2. On October 28, third-quarter capital expenditure was $51.4 billion, free cash flow was -$9.065 billion and negative for the second consecutive quarter; the company maintained its 2026 capital expenditure guidance of $195–$205 billion, and expects a significant increase in capital expenditures in 2027.

3. On October 28, search advertising revenue grew 12% year-on-year to $63.3 billion, slowing from a 17% growth rate in the second quarter; AI-based query volume increased but the monetization rate was low, and cloud business revenue grew 103% year-on-year but still did not offset the overall revenue and earnings falling short of expectations.

(Disclaimer: This content is a summary generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)