Alphabet Inc.: EPS $2.12 vs $2.97 expected; revenue $127.6B vs $128.0B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.12 | 2.97 | −28.6% | 2.87 |
| Revenue (USD bn) | 127.58 | 127.96 | −0.3% | 102.35 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 28, 2026 | Q3 FY2026 | 2.12 | 2.97 | −28.6% | 127.58 | 127.96 | −0.3% |
| Jul 22, 2026 | Q2 FY2026 | 9.11 | 2.87 | — | 119.80 | 116.53 | +2.8% |
| Apr 29, 2026 | Q1 FY2026 | 5.11 | 2.64 | +93.6% | 109.90 | 106.98 | +2.7% |
| Feb 4, 2026 | Q4 FY2025 | 2.82 | 2.57 | +9.7% | 113.83 | 111.33 | +2.2% |
| Oct 29, 2025 | Q3 FY2025 | 2.87 | 2.30 | +24.8% | 102.35 | 99.93 | +2.4% |
| Jul 23, 2025 | Q2 FY2025 | 2.31 | 2.15 | +7.4% | 96.43 | 99.83 | −3.4% |
| Apr 24, 2025 | Q1 FY2025 | 2.81 | 2.02 | +39.1% | 90.23 | 89.15 | +1.2% |
| Feb 4, 2025 | Q4 FY2024 | 2.15 | 2.12 | +1.4% | 96.47 | 96.67 | −0.2% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Alphabet Inc. results: EPS $2.12 vs $2.97 expected; revenue $127.6B vs $128.0B. The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 28.6%; revenue below the estimate by 0.3%.
Revenue was up 24.7% from $102.4 billion a year earlier (Q3 FY2025). EPS was down 26.1% from $2.87 a year earlier. On its record, EPS topped analysts' estimates in 6 of 6 earlier comparable reports.
What the results mean
Alphabet’s business rests on an ecosystem of digital services connecting users with advertisers, including Search, YouTube and applications. Understanding its core business therefore involves assessing how these platforms attract usage and turn it into advertising revenue, while subscriptions, digital content and devices diversify income sources.
The cloud business serves enterprise needs for technology infrastructure and collaboration tools, making corporate spending on these services central to understanding Alphabet’s operations. Other activities include health technology and internet services. Without details from the earnings release, revenue growth cannot be attributed to a particular business or its effect on profitability determined.
What to watch on the earnings call: Listen for management’s discussion of advertising demand across Search and YouTube, and enterprise adoption of cloud services and collaboration tools. The contribution of subscriptions, devices and digital content also merits attention, alongside spending discipline and how the business mix affects margins.
For the full analysis of Alphabet Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.