Sundar Pichai shares Google’s Q3 numbers; shows strong growth in numbers for Search, Cloud and AI models
Google reported its third-quarter 2026 financial results on October 28. We’re now on a half-trillion annual revenue run rate, with Alphabet revenues growing at 25%”. Google-parent Alphabet reported negative free cash flow of $9.07 billion during the third quarter. As stated in a CNBC report, this fell much further than the $2.70 billion expected by analysts.
Because the company missed profit projections and increased its AI spending past $50 billion in the third quarter, hours after the earnings result, shares of Alphabet’s fell nearly 10% reportedly.
As stated in a Semafor report, the “resulting cash burn stoked investors’ fears that hyperscalers aren’t generating enough revenue to justify their debt-fueled infrastructure investments”. Sharing the Q3 numbers, Google CEO Sundar Pichai wrote on X (formerly Twitter): “Q3 is in the books! This caught Elon Musk’s attention who replied to Sundar Pichai’s post on Google results with a ‘Wow’. But Wall Street seems to be ‘not happy’ with the Google results.
Google surpassed 150 million YouTube Music and Premium subscribers globally, including trials. Gemini app is now at one billion users and is the fastest-growing product in Google’s history.