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Alphabet shares plunge 12% after Q3 earnings miss

By Drooid · Oct 31, 2026 · How we work

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Alphabet Inc. shares fell over 12% to $285 after its Q3 2026 earnings report.
Earnings per share missed forecasts at $2.12 versus the $3.02 estimate.
The miss erased nearly $500 billion in market capitalization.
Sell-side analysts quickly downgraded Alphabet, cutting price targets and forward estimates.
Cloud revenue rose 103% year-over-year, showing underlying business strength.

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Alphabet Inc. shares fell over 12% to $285 after its Q3 2026 earnings report.
Earnings per share missed forecasts at $2.12 versus the $3.02 estimate.
The miss erased nearly $500 billion in market capitalization.
Sell-side analysts quickly downgraded Alphabet, cutting price targets and forward estimates.
Cloud revenue rose 103% year-over-year, showing underlying business strength.