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Alphabet Inc. Class A (GOOGL) earnings date & stock reaction

Alphabet Inc. Class A · IT

Alphabet Inc. Class A earnings date & time

Next earningsWed, October 28 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Thu, October 29
Reporting pattern
12 of last 12 after close
Typical move
±5.4% · 12-report avg

What the market expects

Consensus EPS

$3.01Coming in above this counts as a beat

Year-ago quarter
$2.87→+4.9%
Full earnings calendarFrom an earnings calendar · Schedule last checked October 14
Latest reportApr–Jun 2026 results· July 22, 2026 reported
EPS consensus $2.90 → $9.11 ▲ +214.2% beatRev $96.4B → $119.8B +24% YoY
Post-earnings price move
Next-day move
-7.1%
After 5 days
-1.6%
Price around earnings
Earnings callExponential cloud revenue growth driven by surging AI infrastructure demand
“Cloud revenue grew 82%, powered by strong demand for AI infrastructure and AI solutions. Cloud backlog grew to $514 billion.”
· Sundar Pichai
“We are updating our full-year 2026 CapEx guidance range to $195 billion-$205 billion.”
· Anat Ashkenazi
Positives
  • ▲Explosive Google Cloud growth
    • Google Cloud revenue reached $24.8 billion this quarter, up 82% vs last year.
    • Cloud backlog grew to $514 billion, an increase of over $50 billion sequentially.
  • ▲Improved profitability and margins
    • Operating income was $40.8 billion, up 30% vs last year.
    • Operating margin expanded to 34% from 32% in the same period last year.
  • ▲Solid advertising revenue performance
    • Google Search and other advertising revenue grew 17% vs last year to $63.3 billion.
    • YouTube advertising revenue increased 13% vs last year to $11.1 billion.
Concerns
  • ▼Negative cash flow and heavy investment
    • Heavy CapEx of $44.9 billion resulted in negative free cash flow of $5.9 billion this quarter.
    • Full-year CapEx guidance was raised to $195-$205 billion, increasing cost pressure.
  • ▼Decline in Network advertising
    • Google Network advertising revenue fell 1% vs last year to $7.3 billion.
  • ▼Near-term margin pressure
    • The company plans to increase third-party capacity in Q3 to address supply constraints, which will create modest margin pressure.
Based on the Jul 22, 2026 earnings-call transcript. Quotes are verbatim.

Alphabet Inc. Class A (GOOGL) rose the day after earnings in 6 of its last 12 reports (50%), moving ±5.4% on average. It has fallen despite beating the consensus estimate 6 times.

Up next day
6/12
50%
Fell despite growth
6/12
Good earnings ignored
Price when beating
-0.7%
avg over 12 beats
Price when missing
—
never missed
Avg earnings move
±5.4%
typical swing on earnings
Biggest single move
+10.2%
'24.4 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 6 of the last 12 times. The number alone doesn't move it.

What really matters here
How fast Cloud grows + AI capex
In finance terms: Cloud growth · capex
Growth · Google Cloud (YoY by quarter, latest right)
+30%
25-02
+28%
25-04
+32%
25-07
+34%
25-10
+48%
26-02
+63%
26-04
+82%
26-07
Accelerating · Growth is accelerating (+30%→+82%), but this stock often falls even on strong results (6 recent times). Expectations are already high, so accelerating isn't enough. It must beat a lofty bar.
This company spent ~$44.9B on AI capex last quarter alone (+100% YoY, ~2x in a year). The catch: capex (+100%) is outgrowing revenue (cloud +82%). The market worries about the payoff. Unless revenue catches up to the capex ramp, the stock can fall even on a beat.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 12 of 12 times. Beating is the default here
Median beat +14.8%. 6 of those beats still fell the next day.
Reports that rose beat by +26.9% (median). Reports that fell beat by just +7%
Roughly +26.9% was the bar this stock had to clear.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Beating estimates doesn't always lift it
Up the next day 6 of 12 beats (50%)
Tends to keep drifting the same way for days
Day-one direction continued · 58% of last 12
vs IT sector avg (192 peers)
This
-0.7%
Sector
+1.0%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

The number and guidance move the price about equally
Moved opposite to results 6 of last 12 times (50%)
6xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth6/12

6/12 beats fell next day · watches Cloud growth · capex

Next-day reaction
  • Jun 2026 report-7.1%
  • Mar 2026 report+10.0%
  • Dec 2025 report-0.5%
  • Sep 2025 report+2.5%
  • Jun 2025 report+1.0%
  • Mar 2025 report+1.7%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Apr–Jun 2026 results
Reported 2026-07-22
Next-day move
-7.1%
After 5 days -1.6%
EPS consensus $2.90 → $9.11 ▲ +214.2% beatRev $96.4B → $119.8B +24% YoY
Beat by +214.2% but stock -7.1%
Google Cloud
+82%
Price around earnings

Earnings trend · last 12 quarters

EPS$9.11YoY +294%
'23.10'26.7
Revenue$119.8BYoY +24%
'23.10'26.7

Earnings history and price reaction

Alphabet Inc. Class A across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
6/20262026-07-22+214.2%†-7.1%-1.6%
3/20262026-04-29+91.6%+10.0%+13.8%
12/20252026-02-04+7.0%-0.5%-6.6%
9/20252025-10-29+26.9%+2.5%+3.5%
6/20252025-07-23+5.7%+1.0%+3.3%
3/20252025-04-24+39.8%+1.7%+1.3%

12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Alphabet Inc. Class A earnings date?

The next Alphabet Inc. Class A (GOOGL) earnings report is expected Wed, October 28 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Alphabet Inc. Class A's next earnings?

Analysts expect EPS of about $3.01 for Alphabet Inc. Class A (GOOGL). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Alphabet Inc. Class A (GOOGL) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±5.4%.

Does Alphabet Inc. Class A react more to the earnings numbers or to guidance?

In 6 of the last 12 reports (50%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Alphabet Inc. Class A stock fall even when earnings are good?

Yes. In 6 of the last 12 reports, Alphabet Inc. Class A fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Alphabet Inc. Class A stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 58% of the time. This tendency is known as post-earnings announcement drift.