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Alphabet shares plunge 10% after Q3 revenue misses estimates

By Drooid · Oct 29, 2026 · How we work

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Summary

Alphabet shares fell more than 10% after Q3 revenue missed Wall Street expectations.
Q3 revenue was $127.58 billion, up 25% YoY and fell short of the $127.97 billion forecast.
Net income fell to $26.17 billion and earnings per share dropped to $2.12 versus $3.01 expected.
Google Cloud revenue surged 103% to $30.7 billion, fueling overall growth.
CEO Sundar Pichai said Gemini AI assistant reached 1 billion users, the fastest growth in Google history.

Summary

A U.S. judge declined to order Google to divest parts of its ad tech business and imposed restrictions.
Alphabet paid a fine to the European Union as part of its AI-related investment plan.
Alphabet raised $28.7 billion in bonds and $12.4 billion in new shares to fund AI.
OpenAI reportedly plans to buy some Alphabet TPU chips, heightening competition with Nvidia.

History

The EU first fined Google €2.42 billion on 27 June 2017 for abusing its AdSense dominance, a penalty upheld in 2021 and reflecting over 2.5 % of its 2016 revenue. Subsequent EU probes in 2021 and a 2025 €2.95 billion fine show a pattern of antitrust enforcement, while a U.S. judge now blocks Alphabet’s ad-tech mergers, prompting CEO Sundar Pichai to issue a $28.7 billion bond for AI expansion.

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The EU first fined Google €2.42 billion on 27 June 2017 for abusing its AdSense dominance, a penalty upheld in 2021 and reflecting over 2.5 % of its 2016 revenue. Subsequent EU probes in 2021 and a 2025 €2.95 billion fine show a pattern of antitrust enforcement, while a U.S. judge now blocks Alphabet’s ad-tech mergers, prompting CEO Sundar Pichai to issue a $28.7 billion bond for AI expansion.

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