{
  "id": 16986841,
  "title": "Alphabet’s stock sinks after shocking investors with top-and-bottom line miss",
  "url": "https://urgent.news/2026/10/29/alphabets-stock-sinks-after-shocking-investors-with-top-and-bottom",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T00:48:15.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/10/28/alphabets-stock-sinks-after-shocking-investors-with-top-and-bottom-line-miss/"
  },
  "original_language": "en",
  "account": "Alphabet's stock plummeted by more than 9% in after-hours trading following a disappointing earnings report for the third quarter. The tech giant reported adjusted earnings of $2.67 per share, falling short of the expected $3.02 per share. Revenue also missed targets, rising 25% to $127.58 billion, but still below the anticipated $128.22 billion. The quarter marked Alphabet's first top-and-bottom line miss in nearly four years, leading to a drop in net income to $26.17 billion, down from $34.98 billion in the same period last year. Negative free cash flow of $9.07 billion also fell short of the expected $2.7 billion. The company's capital expenditures totaled $51.36 billion, less than the $55.09 billion analysts had predicted. CFO Anat Ashkenazi reiterated plans for capital spending to exceed $300 billion by 2027. Investors expressed concerns over Alphabet's spending on AI infrastructure, questioning its ability to generate returns. The company also borrowed heavily, with long-term debt increasing to $125.1 billion, a 479% rise year-over-year. Despite a $99.03 billion revenue windfall from investments in AI firms, net losses from those investments reached $8.66 billion. Google Cloud revenue more than doubled to $30.7 billion, exceeding analyst expectations. However, search revenue rose only 12% to $63.35 billion, missing the $64.96 billion forecast. CEO Sundar Pichai highlighted strong demand for Google's AI products and models, with Gemini reaching over 1 billion users for the first time.",
  "summary": "Shares of Alphabet Inc. fell more than 9% in after-hours trading after the Google parent reported a stunning earnings miss and a substantial drop in free cash flow at the end of its third quarter. The search engine and cloud computing giant reported third-quarter adjusted earnings of just $2.67 per share, some way behind Wall […] The post Alphabet’s stock sinks after shocking investors with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Alphabet stock sinks as search woes cause revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/28/alphabet-stock-sinks-as-search-woes-cause-revenue-miss-cash-burn",
        "published": "2026-10-28T20:07:24.000Z"
      },
      {
        "outlet": "Daily Maverick",
        "title": "Alphabet stock sinks as search woes cause revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/29/alphabet-stock-sinks-as-search-woes-cause-revenue-miss-cash-burn",
        "published": "2026-10-29T03:46:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}