Alphabet Announces Third Quarter 2026 Results (Form 8-K)

Alphabet Announces Third Quarter 2026 Results

MOUNTAIN VIEW, Calif. - October 28, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2026.

•Consolidated Alphabet revenues increased 25% to $127.6 billion, reflecting strong performance across the business and our 13th consecutive quarter of double-digit revenue growth.

•Google Services revenues increased 11% to $96.3 billion, led by 12% growth in Google Search & other with the year-over-year Search query growth rate the highest it has been in the last five years.

•Google Cloud delivered record growth as revenues increased 103% to $30.7 billion, led by strong growth in Google Cloud Platform (GCP) across enterprise AI infrastructure and enterprise AI solutions, as well as core GCP services. TPU systems sales were also a meaningful contributor to revenue growth.

•Consolidated Alphabet operating income increased 30% and operating margin was 31.8%.

•Net income available to common stockholders was $26.2 billion and EPS was $2.12.

Sundar Pichai, CEO of Google and Alphabet, said:

"We had a strong quarter and are now on a half-trillion dollar revenue run rate. Our deep full stack approach is driving momentum across the business, with Alphabet revenues growing 25% year-over year.

Our AI investments are driving overall Search query growth, including commercial queries. In fact, our year-over-year query growth rate is the highest it's been in the last five years.

Google Cloud revenues grew 103%, powered by huge demand for our AI infrastructure and AI solutions. We're also seeing strong demand for our TPU systems across a wide range of customers.

Gemini 4 Argon and Carbon are now leading at the frontier. Overall, our first-party model APIs are now processing nearly 32 billion tokens per minute, more than four times what we processed a year ago.

On top of that, the Gemini app has reached one billion users-making it the fastest-growing product in Google's history-and we surpassed 150 million YouTube Music and Premium subscribers globally, including trials.

We're excited by the range of big opportunities ahead of us."

Q3 2026 Financial Highlights (unaudited)

The following table summarizes our consolidated financial results for the quarters ended September 30, 2025 and 2026 (in millions, except for per share information and percentages).

			Quarter Ended September 30,
			2025						2026
Revenues			$	102,346					$	127,577
Change in revenues year over year			16		%				25		%
Change in constant currency revenues year over year(1)			15		%				25		%
Operating income			$	31,228					$	40,576
Operating margin			31		%				32		%
Other income (expense), net			$	12,759					$	(8,221)
Net income available to common stockholders			$	34,979					$	26,170
Diluted net income per common share			$	2.87					$	2.12

(1) Non-GAAP measure. See the section captioned "Reconciliation from GAAP Revenues to Non-GAAP Constant Currency Revenues and GAAP Percentage Change in Revenues to Non-GAAP Percentage Change in Constant Currency Revenues" for more details.

Q3 2026 Supplemental Information (in millions, except for number of employees; unaudited)

Revenues, Traffic Acquisition Costs (TAC), and Number of Employees

			Quarter Ended September 30,
			2025						2026
Google Search & other			$	56,567					$	63,350
YouTube ads			10,261						11,207
Google Network			7,354						7,455
Google advertising			74,182						82,012
Google subscriptions, platforms, and devices			12,870						14,290
Google Services total			87,052						96,302
Google Cloud			15,157						30,709
Other Bets			344						372
Hedging gains (losses)			(207)						194
Total revenues			$	102,346					$	127,577
Total TAC			$	14,876					$	16,366
Number of employees			190,167						204,757

Segment Operating Results

			Quarter Ended September 30,
			2025						2026
Operating income (loss):
Google Services			$	33,527					$	39,157
Google Cloud			3,594						11,121
Other Bets			(1,426)						(2,047)
Alphabet-level activities(1)			(4,467)						(7,655)
Total income from operations			$	31,228					$	40,576

(1)Alphabet-level activities primarily reflect expenses related to our shared AI research and development.

Additional Information Relating to the Quarter Ended September 30, 2026 (unaudited)

At-the-Market Program

During the three months ended September 30, 2026, we issued 12 million shares of Class A stock for net proceeds of $4.3 billion and 24 million shares of Class C stock for net proceeds of $8.1 billion. As of September 30, 2026, $27.6 billion remained available for future issuance under the ATM Program.

Issuance of Senior Unsecured Notes

In the third quarter of 2026, we issued senior unsecured notes for net proceeds of $28.7 billion, to be used for general corporate purposes.

Preferred and Common Dividend Programs

In October 2026, the company's Board of Directors declared a quarterly cash dividend of $15.63 per share on each of our Series A and Series B mandatory convertible preferred stock (equivalent to approximately $0.78 per share on each of our Series A and Series B Depositary Shares) and a quarterly cash dividend of $0.22 per share on our Class A, Class B, and Class C stock. The mandatory convertible preferred stock dividend is payable on November 15, 2026 to stockholders of record for each of the company's Series A and Series B shares as of November 1, 2026, and the common stock dividend is payable on December 14, 2026 to stockholders of record for each of the company's Class A, Class B, and Class C shares as of December 7, 2026.

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Webcast and Conference Call Information

A live audio webcast of our third quarter 2026 earnings release call will be available on YouTube at https://www.youtube.com/watch?v=X9mmCagxJTo. The call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available at http://abc.xyz/investor.

We also provide announcements regarding our financial performance, including SEC filings, investor events, press and earnings releases, and blogs, on our investor relations website (http://abc.xyz/investor).

We also share Google news and product updates on Google's Keyword blog at https://www.blog.google/ and News From Google page on X at x.com/NewsFromGoogle, and our executive officers may also use certain social media channels, such as X and LinkedIn, to communicate information about earnings results and company updates, which may be of interest or material to our investors.

Forward-Looking Statements