GOOGL Q3 FY2026 earnings: EPS missed by 29.8%, revenue in line
Alphabet Inc. reported Q3 FY2026. EPS came in at $2.12 against a $3.02 consensus, missed by 29.8%. Revenue was $127.6B versus $128.0B expected, in line. Gross margin was 59.7%, down 190 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.12 | $3.02 | missed by 29.8% |
| Revenue | $127.6B | $128.0B | in line |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $127.6B | +6.5% | +24.7% |
| Gross profit | $76.2B | +3.1% | +24.9% |
| Operating income | $40.6B | -0.5% | +29.9% |
| Net income | $26.5B | -76.4% | -24.3% |
| Diluted EPS | $2.12 | -76.7% | -26.1% |
| Gross margin: 59.7%. |
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The trend
Revenue is up 24.7% from the same quarter last year. Gross margin sits at 59.7%, 270 bps off its 8-quarter high.
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How it stacks up
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