Alphabet Inc. · GOOGL · Next earnings

Alphabet Inc. next earnings report

GOOGL's next report date is not on the calendar yet. Here is where the last quarter left off and what remains open. Last quarter: Alphabet pairs strong Cloud growth with heavier AI investment

Date not yet scheduled Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $3.37 Analyst average (26 estimates)
Consensus revenue $142.51B Analyst average (24 estimates)
Report date TBD Not yet on the calendar
Session — Session not yet known

Where GOOGL left off: FY2026 Q3

Full report

Alphabet pairs strong Cloud growth with heavier AI investment

EPS surprise -28.6% Reported $2.12 vs $2.97
Revenue surprise -0.3% Reported $127.58B vs $127.96B
Stock move +1.3% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained 2026 capex guidance while continuing to invest in AI infrastructure, cloud capacity and agentic products.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Foreign-exchange headwinds could affect Search and YouTube advertising revenue.
  • Compute constraints, TPU inventory buildup and higher capex or depreciation could pressure margins and free cash flow.
  • Competition in AI models and infrastructure remains intense.
  • European regulatory actions and changing advertising rules could affect operations.
  • Cybersecurity demand creates opportunity but also increases exposure.

Questions analysts left open

  • Search growth could decelerate, with foreign-exchange pressure on Search and YouTube ads.
  • TPU inventory buildup, third-party compute use and higher depreciation could pressure margins and free cash flow.
  • The pace of scaling agentic experiences and the availability of cloud compute remain execution questions.
  • Regulatory developments in Europe and cybersecurity exposure add risk.

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Recent GOOGL quarters

All GOOGL earnings
+1.3%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.