ME News reports that on October 28 (UTC+8), Alphabet, Google's parent company, is expected to release its third-quarter financial results for fiscal year 2026 after market close on Wednesday. Analysts project quarterly revenue of $127.833 billion, a 24.9% year-over-year increase, and net profit of $37.334 billion, up 6.73% year-over-year.
Key focus areas of this earnings report include the growth of Google Cloud, progress in TPU external supply, and capital expenditure guidance for 2027 and free cash flow pressures.
On the investment banking side, JPMorgan raised its year-over-year revenue growth forecast for Google Cloud from 88% to 100%; Deutsche Bank expects its search business revenue to maintain steady growth in the third quarter; and HSBC Research forecasts an operating profit margin of 44.5%, above market expectations, with GAAP pre-tax profit growing 35% year-over-year. (Source: ODAILY)
Google to report Q3 earnings tomorrow, with revenue growth expected at 24.9%
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Summary
Alphabet is scheduled to report its Q3 2026 earnings after U.S. markets close on Wednesday, October 28 (UTC+8). Daily market report forecasts predict revenue of $127.83 billion, a 24.9% year-over-year increase, with net profit at $37.33 billion, up 6.73%. Key focus areas include Google Cloud growth, TPU supply, and 2027 CAPEX guidance. JPMorgan raised its forecast for Google Cloud revenue growth to 100%, while Deutsche Bank anticipates strong search revenue gains. HSBC Research expects an operating margin of 44.5%, above consensus, with GAAP EBIT up 35%. Investors monitoring altcoins may also track Alphabet’s advancements in cloud and AI for potential market spillovers.
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