StocksMedium•7 November 2026•
1 min read
Alphabet Shares Plunge 10% on Earnings Miss and Higher Capex Outlook
Key Facts
1Alphabet shares fell more than 10% in after-hours trading following quarterly results that missed expectations.
2Earnings per share were $2.12 against estimates of approximately $3.01 for the third quarter.
3Management's outlook for significantly higher capital expenditures in 2027 further drove the share price decline.
Alphabet shares fell more than 10% in after-hours trading following quarterly results that missed expectations. The company reported earnings per share of $2.12 for the third quarter of 2026, falling short of the $3.01 estimated by analysts. While revenue grew 25% to $127.6 billion, the performance failed to meet market projections according to media reports.
Alphabet shares closed at $284.78 on November 6, 2026, prior to the post-earnings slide. Investor sentiment was further pressured by CFO Anat Ashkenazi's outlook for significantly higher capital expenditures in 2027. On the same date, peer tech stocks AAPL and META closed at $342.37 and $610.15 respectively, while MSFT ended the session at $530.61.