Overview
- Q3 revenue reached $102.35 billion, the first quarter above $100 billion, with net income up 33% to $34.98 billion.
- Google Cloud generated $15.16 billion, beating estimates as customers adopt Vertex AI and custom TPUs.
- Core advertising outperformed forecasts, including $56.57 billion in Search and $10.26 billion in YouTube ads.
- Management raised next fiscal-year capital spending guidance to $91–93 billion after earlier targets of roughly $75 billion in February and $85 billion in July.
- Shares gained in late trading, and analysts are watching the AI infrastructure ramp and ad-market caution linked to trade and competitive pressures, with some expecting spend to shift back from newer platforms such as Snapchat.