GOOGLQ3 2026 PreviewExpected October 27, 2026 · after market close
GOOGL Q3 2026 Earnings Preview — What to Watch
At the archive date, Alphabet Inc. was expected to release its Q3 2026 10-Q filing on October 27, 2026, after market close. Last quarter: Alphabet’s Q2 FY2026 revenue rose 24% to $119.8 billion, but a $99 billion unrealized gain on equity investments pushed net income up nearly 300% to $112.2 billion, while heavy cloud investments led to a $5.8 billion free cash flow deficit.
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the GOOGL page for retained reports.
What to Watch in Q3 2026
Drawn from management commentary in the Q2 2026 10-Q:
Google Cloud revenue accelerated 82% driven by AI and TPU sales
Google Cloud revenues surged to $24.8 billion, up 82% year-over-year, primarily from infrastructure and platform services; the company also began recognizing revenue from the sale of TPU systems in Q2 2026.
$99 billion unrealized gain on equity securities inflated net income
Other income, net included $99 billion in net gains on equity securities, largely unrealized gains from SpaceX and a private company, causing net income to nearly quadruple to $112.2 billion.
$49.6 billion equity raise to fund AI infrastructure
In June 2026, Alphabet raised $49.6 billion through a combination of Class A, Class C, and mandatory convertible preferred stock, with proceeds intended for scaling AI infrastructure and global compute.