Google share price: why Alphabet fell after Q3

Published 29 October 2026 at 5:16 am · 10 sources · 200+ searches today

Google shares fell as much as about 7% in after-hours trading on 28 October 2026 after Alphabet reported Q3 results. Investors focused on weaker-than-expected advertising and profit figures, even though cloud revenue beat forecasts and growth stayed strong. As of 29 October 2026, that mix is why Google share price is trending in Singapore.

Key facts

28 Oct 2026: Alphabet Q3 revenue rose 25% to US$127.6 billion
Google shares fell about 7% after-hours after the results
Google Search and other revenue was US$63.35 billion, below US$64.9 billion expected
Google Cloud revenue jumped 103% to US$30.7 billion
Capital expenditure hit US$51.36 billion and free cash flow was about negative US$9.1 billion

What happened to Alphabet shares

Alphabet reported Q3 results on 28 October 2026, and the market reaction was negative despite headline growth. Parent-company revenue climbed 25% year on year to US$127.6 billion, but that was slightly below the roughly US$127.9 billion analysts had expected.

Google shares fell as much as about 7% in after-hours trading after the release. The drop reflected investor disappointment with advertising growth and profitability, not a lack of overall growth.

Why investors were concerned

Google Search and other revenue came in at US$63.35 billion, up from US$56.57 billion a year earlier, but below the roughly US$64.9 billion analyst estimate. YouTube advertising revenue was about US$11.2 billion, also short of expectations of roughly US$11.4 billion.

Net income declined to US$26.47 billion from US$34.98 billion a year earlier. That added to concern that Alphabet’s heavy AI spending is pressuring short-term profits and cash generation.

The cloud and AI story behind the move

Google Cloud was the clear bright spot. Revenue more than doubled to US$30.7 billion, up 103% year on year and above the roughly US$28.7 billion expected.

Alphabet’s aggressive AI infrastructure investment pushed capital expenditure to US$51.36 billion, up 114% from a year earlier, though still below the US$55.09 billion analyst estimate. Free cash flow fell to roughly negative US$9.1 billion because capex exceeded operating cash flow in the quarter.

What Singapore readers should watch next

The key question now is whether AI investment keeps lifting cloud growth fast enough to offset softer advertising performance. Investors will also watch whether search and YouTube advertising stabilise after this quarter’s miss.

For people in Singapore following global tech stocks, the next move in Google share price will likely depend on whether markets believe Alphabet can turn AI spending into stronger earnings, not just higher revenue. As of 29 October 2026, the sell-off reflects concern rather than a single failed quarter.

Frequently asked

Why is Google share price trending in Singapore today?

Alphabet’s Q3 results on 28 October 2026 triggered the move. The stock fell as much as about 7% after-hours after advertising and profit figures came in weaker than expected.

Did Alphabet actually grow in the latest quarter?

Yes. Parent-company revenue rose 25% year on year to US$127.6 billion. The market reaction was negative because some core revenue lines missed estimates.

What was the biggest positive in Alphabet’s results?

Google Cloud was the standout. Revenue more than doubled to US$30.7 billion, up 103% year on year and above analyst expectations.

What worried investors most about Google shares?

Search and other revenue, YouTube advertising, net income, and heavy capital spending all raised concerns. Free cash flow was roughly negative US$9.1 billion because spending was so high.

Sources

Researched automatically from live news and written by Simpledot's AI; facts are limited to what the sources above report as of the published time. Spot an error? Tell us.