Alphabet (GOOG) Projected to Post Quarterly Earnings on Wednesday

Alphabet (NASDAQ:GOOG - Get Free Report) is projected to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $3.03 per share and revenue of $127.92 billion for the quarter. Interested persons can check the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. On average, analysts expect Alphabet to post $20.55 EPS for the current fiscal year and $14.98 EPS for the next fiscal year.

Alphabet Stock Performance

NASDAQ:GOOG opened at $336.40 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet has a 52-week low of $244.67 and a 52-week high of $404.47. The firm has a market cap of $4.11 trillion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.99 and a beta of 1.19. The business's fifty day moving average is $340.64 and its 200 day moving average is $350.00.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cloud and AI-chip growth could support an earnings beat. Bank of America expects Alphabet’s third-quarter revenue and adjusted earnings to modestly exceed Wall Street forecasts, citing expanding Google Cloud capacity and strong demand for Alphabet’s custom TPU chips. Analysts remain broadly constructive, with several firms maintaining buy or overweight ratings. Alphabet's Cloud Growth, TPU Sales Could Drive Q3 Upside
• Positive Sentiment: Alphabet is expanding its AI ecosystem. Google released TorchTPU as an open-source PyTorch project, potentially making it easier for developers to use Google’s chips and reducing Nvidia’s software advantage. Google is also bringing a more personalized Gemini assistant to vehicles, which could deepen user engagement and ecosystem adoption. Google has joined Amazon in attacking Nvidia's stronghold
• Positive Sentiment: Waymo provides longer-term growth potential. Alphabet’s autonomous-driving unit plans to launch robotaxi service in Madrid in 2027 and reportedly aims to expand its fleet to 20,000 vehicles by the end of next year. The initiatives offer potential diversification beyond advertising and cloud services. Waymo to launch autonomous ride-hailing in Madrid
• Neutral Sentiment: Alphabet’s valuation continues to attract investors. Commentators describe GOOG as one of the more reasonably valued “Magnificent Seven” stocks, while recent institutional filings show additional purchases by some large funds. These signals may support the shares but are not immediate earnings catalysts. Amazon vs Alphabet
• Negative Sentiment: A Google Cloud outage disrupted U.K. banks and financial applications. Although services were largely restored, the incident highlights reliability and concentration risks as Google Cloud becomes more important to critical infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Investors remain concerned about AI capital spending. Expectations for heavier infrastructure investment, potentially weaker free cash flow and pressure on margins could overshadow strong revenue growth ahead of the October 28 earnings report. A broader AI-stock sell-off is adding to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misrepresented the timing or progress of its Gemini 3.5 Pro model. The announcements may weigh on sentiment, although the financial impact remains uncertain. Alphabet securities-fraud lawsuit

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 402,479 shares of company stock worth $7,946,534. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOG. Oppenheimer reiterated an "outperform" rating and set a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. TD Cowen restated a "buy" rating and issued a $485.00 price objective (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. The Goldman Sachs Group reduced their price target on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Arete Research upped their price target on shares of Alphabet from $425.00 to $450.00 in a report on Monday, July 6th. Finally, Citic Securities lifted their price objective on Alphabet from $430.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Six research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average target price of $421.85.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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