Alphabet's revenue growth reaccelerated to 24.7% year over year in 2026Q3 ($127.6B), driven by Cloud and AI-linked advertising demand, supporting a forward P/E of 15.77 and a PEG of 1.01 that appears reasonable relative to growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated from 11.8% in 2024Q4 to 24.7% in 2026Q3, yet operating margin slipped from a 36.1% peak in 2026Q1 to 31.8% and gross margin retreated from 62.4% to 59.7%, suggesting compute cost creep is absorbing AI-driven demand gains.
Google Cloud revenue grew 63% year-over-year in Q1 2026, with a backlog exceeding $460 billion, indicating strong future revenue visibility.
Alphabet's full-stack AI approach is effectively monetizing AI investments, with unprecedented demand for its AI chips (TPUs).
Google Search revenue increased by 19% in Q1 2026, indicating strength in the core advertising business despite AI disruptions.
Alphabet's CapEx guidance for 2026 is projected between $175 billion and $190 billion, raising concerns about future cash flow.
Competition from AI-powered alternatives and potential shifts in partnerships could significantly impact Google's ad revenue.
Ongoing antitrust litigation and a $3.5 billion fine in Europe pose significant risks to Google's financial performance.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $2.12-29.8% vs $3.02 | $127.6B-0.3% vs $128.0B |
Q3 2026 Jul 22, 2026 | $9.11+217.4% vs $2.87 | $119.8B+2.8% vs $116.5B |
Q2 2026 Apr 29, 2026 | $5.11+93.6% vs $2.64 | $109.9B+2.7% vs $107.0B |
Q1 2026 Feb 4, 2026 | $2.82+9.7% vs $2.57 | $113.8B+2.2% vs $111.3B |
Alphabet's stake in SpaceX keeps growing, yet its seat at the table just vanished. With a huge computing contract in play and no replacement named, the filing leaves one question hanging over both stocks.
Google's parent company, Alphabet (NASDAQ: GOOGL), has increased its exposure to Elon Musk's SpaceX (NASDAQ: SPCX), adding millions of shares in the aerospace and artificial intelligence (AI) company.
The Nasdaq has fallen since September, but Alphabet, Amazon, and Netflix are benefiting from AI and everyday consumer behavior across searching, shopping, and streaming. Alphabet trades at about 18 times forward earnings after a 19% drop, with Search ad revenue up 12%.
Google Search revenue growth slowed to just 12% last quarter. There's a big shift going on in how people use Google Search.
Benchmark GOOGL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Alphabet Inc. (GOOGL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $284.78 | $3.45T | 26.34 | 15.13% | 32.8% | 35.7% | 0.29% | |
| $610.15 | $1.55T | 25.97 | 22.17% | 31.15% | 30.27% | 0.34% | |
| $530.61 | $3.94T | 29.56 | 17.79% | 41.17% | 33.21% | 0.67% | |
| $259.30 | $2.79T | 36.16 | 12.38% | 16.9% | 26.71% | — | |
| $342.37 | $5.03T | 45.89 | 6.43% | 27.6% | 127.61% | 0.3% | |
| $81.87 | $27.85B | 46.45 | -3.04% | -2.9% | -1.61% | — |
Alphabet Inc. (GOOGL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Alphabet Inc. (GOOGL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Aug 10, 2026·SEC
Jul 22, 2026·SEC
Feb 5, 2026·SEC
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Alphabet Inc. (GOOGL) stock FAQ — growth, dividends, profitability & financials explained
Alphabet Inc. (GOOGL) reported $471.10B in revenue over the trailing twelve months. Revenue was $402.96B in fiscal year 2025. That is 91585% more than the $439.5M of fiscal year 2002.
Alphabet Inc. (GOOGL) grew revenue by 15.1% in fiscal year 2025, compared with the prior fiscal year.
Yes. Alphabet Inc. (GOOGL) earned $235.69B in net income over the trailing twelve months (a 50.0% net margin).
Yes. Alphabet Inc. (GOOGL) pays a dividend that yields 0.29% at the current price, a small yield.
Alphabet Inc. (GOOGL) had a return on equity (ROE) of 35.7% in fiscal year 2025. That is well above the market's typical 10-15%.
Alphabet Inc. (GOOGL) generated $19.75B in free cash flow over the trailing twelve months.
