Alphabet will be released after the market closes on Wednesday Q3 earnings report, with the market focused on cloud business and capital expenditure guidance
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AT A GLANCE
Alphabet The earnings preview expects Q3 revenue to increase year on year by 24.9%, with cloud business, capital expenditure, and cash flow yet to be verified.
Article
Google Tomorrow Q3 Earnings Preview: Cloud Growth Yet to Be Verified, Revenue Expected to Surge Year on Year 24.9%BlockBeats reports that October 28, Google’s parent company Alphabet is set to release its earnings after the U.S. stock market closes on Wednesday, with cloud growth and the ramp-up of external supply of TPU yet to be verified; 2027 capital expenditure guidance and pressure from free cash flow turning negative will be key earnings focuses. 2026 Fiscal Year Q3 quarterly revenue forecast 127833000000 USD, expected to increase 24.9%; net profit forecast 37334000000 USD, expected to increase 6.73%.
Major investment banks have also provided their respective outlooks: JPMorgan raised its year-on-year cloud revenue growth forecast from 88%to 100%; Deutsche Bank believes its Q3 search revenue growth will remain relatively healthy; HSBC Research forecasts an operating margin of 44.5%, above market expectations, and forecasts GAAP EBIT growth of 35%.
Original link https://m.theblockbeats.info/flash/374107
Key points
01
BlockBeats stated on October 28 that Google’s parent company Alphabet is set to release its earnings after the U.S. stock market closes on Wednesday.
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The article’s 2026 fiscal year Q3 quarterly revenue forecast is 127833000000 USD, with expected year-on-year growth of 24.9%。
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The article’s net profit forecast is 37334000000 USD, with expected growth of 6.73%。
04
JPMorgan raised its Alphabet cloud revenue growth forecast from 88%to 100%。
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Deutsche Bank believes Alphabet’s Q3 search revenue growth will remain relatively healthy.
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HSBC Research forecasts Alphabet an operating margin of 44.5%, stating that it is above market expectations; it also forecasts GAAP year-on-year EBIT growth of 35%。
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The article states that cloud growth,TPU the ramp-up of external supply, and 2027 annual capital expenditure guidance and pressure from free cash flow turning negative will be key earnings focuses.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a summary of forecasts before the earnings release, not officially reported results. The figures for revenue, net profit, cloud growth, and margins are all forecasts and must await Alphabet the earnings report for verification.
Why it matters to readers
The difference between the official figures and these expectations is an important basis for assessing Alphabet business performance; the article particularly identifies cloud business,TPU external supply, capital expenditure, and free cash flow as areas of focus.
Beginners should distinguish between “forecast figures” and “actual figures” and not treat investment-bank outlooks as realized results; after the official earnings report is released, they can compare revenue, profit, and cloud growth item by item.
Risks and unknowns
Alphabet The official earnings report has not appeared in the evidence, and none of the forecast figures has been verified.
Whether cloud revenue growth can reach JPMorgan’s forecast of 100%is unknown.
TPU It is unknown whether external supply has increased in volume.
2027 It is unknown whether annual capital expenditure guidance and free cash flow are under the pressure referred to in the text.
The evidence does not provide the calculation methods for these forecasts or complete sources for market consensus.
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TPU
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