Google’s Q3 Earnings Preview (Tomorrow): Cloud Segment Growth Remains Unproven, Revenue Expected to Surge 24.9% Year-over-Year
1 hours ago
Google parent company Alphabet is set to release its earnings after U.S. stock market close on Wednesday. The growth rate of its cloud business and the expansion of external TPU supply will be key points to watch, while its 2027 capital expenditure guidance and pressure on free cash flow turning negative will be the core focus of the report. For Q3 of fiscal 2026, single-quarter revenue is projected at $127.833 billion, with an expected year-on-year increase of 24.9%; net profit is forecast at $37.334 billion, up 6.73% year-on-year. Major investment banks have also released their outlooks: JPMorgan raised its year-on-year growth forecast for cloud business revenue from 88% to 100%; Deutsche Bank notes its Q3 search revenue growth will be relatively healthy; HSBC Research projects its operating margin to hit 44.5%, exceeding market expectations, with GAAP earnings before interest and taxes (EBIT) rising 35% year-on-year.
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