Google will release its Q3 earnings tomorrow, with the market expecting revenue to grow 24.9% year-over-year to $127.8 billion
Odaily: Alphabet, Google's parent company, is expected to release its fiscal 2026 third-quarter earnings after the U.S. market close on Wednesday. The market forecasts quarterly revenue of $127.833 billion, up 24.9% year-over-year, and net profit of $37.334 billion, up 6.73% year-over-year.
Key focuses for this earnings report include the growth of Google Cloud, progress in externally supplying TPUs, as well as 2027 capital expenditure guidance and free cash flow pressure.
On the investment banking side, JPMorgan raised its forecast for Google Cloud revenue year-over-year growth from 88% to 100%; Deutsche Bank expects its third-quarter search business revenue to maintain steady growth; HSBC Research forecasts its operating margin at 44.5%, above market expectations, with GAAP EBIT growing 35% year-over-year.
