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Alphabet reported a $9.1 billion quarterly cash outflow in the third quarter of 2026 despite doubling Google Cloud revenue to $30.7 billion. The company announced Wednesday that quarterly revenue increased 25% to $127.6 billion, while operating income rose 30% to $40.6 billion.
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Summary by ByteBrief

Alphabet Cash Flow Drops to Negative $9.1 Billion

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)

Alphabet Q3 Revenue Hits $127.6 Billion