Overview
- Wall Street expects revenue of about $111.3–$111.4 billion and EPS of roughly $2.63–$2.64 for the quarter.
- Shares recently touched a record near $350, valuing Alphabet around $4.1 trillion, while options point to roughly a 5% move after the report.
- Google Cloud is forecast at roughly $16.18–$16.2 billion in Q4 revenue with further margin expansion, a key proof point for AI-driven demand.
- Management previously flagged about $91–$93 billion in 2025 capex and a significant increase for 2026, with analysts modeling around $116 billion.
- New and expanded deals — including Apple’s plan to use Gemini in a revamped Siri and Anthropic’s TPU agreements — plus Waymo’s $16 billion raise at a $126 billion valuation add growth avenues as antitrust litigation proceeds.