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Alphabet reports $127.6B Q3 revenue as Google Cloud grows 103% on AI and TPU demand

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Alphabet reported Q3 2026 revenue of $127.6B, up 25%, on 28 October 2026. Google Cloud more than doubled to $30.7B and capital spending reached $51.4B.

Summary

Alphabet reported third quarter 2026 revenue of $127.6 billion on 28 October 2026, up 25% from a year earlier, with operating margin of 31.8%. Google Cloud revenue rose 103% to $30.7 billion, helped by AI infrastructure and TPU system sales. Capital spending reached $51.4 billion in the quarter, more than operating cash flow, leaving free cash flow at minus $9.1 billion. CEO Sundar Pichai said the Gemini app has one billion users.