Google is trading 12.63% lower at $281.25 after its October 28, 2026, third-quarter results missed Wall Street’s revenue and earnings expectations.
- Revenue was $127.58 billion versus $128.22 billion expected; adjusted EPS was $2.67 versus $3.02 expected.
- Free cash flow turned negative at $9.07 billion, intensifying concerns about AI infrastructure spending and potential returns.
- Google Cloud revenue surged 103% to $30.7 billion, while search advertising fell short of expectations.