Alphabet fell about 12% after Q3 miss on EPS, Search and high capex despite record revenue

Record revenue of $127.58B with EPS of $2.12 vs $3.00-3.02 expected, Search $63.4B vs $64.9B expected.

Capex was $51.4B with free cash flow negative $9.07B, Cloud revenue $30.7B up 103%.

First reported Oct 29, 2026, 07:25 UTC

Source reports

📣 Google Shares Plunge Post-Earnings: Why Did the Market Sell Off Despite Doubled Cloud Growth? 🔥 🟢 Core Rationale Google Cloud revenue has doubled, signaling robust demand for AI infrastructure; however, a slowdown in search advertising growth—coupled with ever-increasing… — Bitget Announcements, Oct 29, 2026, 07:25 UTC
Extreme crash on $GOOGL after markets closed. A drop of 10%+ as they missed earnings by a slight 0.4%. That's not an organic price action, that's because of a bunch of active speculators jumping from assets in a blink of an eye as we're in an attention economy. This also… — @CryptoMichNL (X), Oct 29, 2026, 11:05 UTC
🚨TODAY: Google’s nearly 15% PLUNGE drags on Wall Street as AI spending eats into cash flow. An earlier decline had already erased roughly $520 billion from $GOOG’s market value. What’s driving the SELLOFF: - Search revenue missed at $63.4B vs. $64.9B expected - Free cash flow… — @coinbureau (X), Oct 29, 2026, 14:24 UTC

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