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Alphabet Posts $127.6B Q3 With Google Cloud Up 103% to $30.7B as 2027 Capex Set to Top $300B

Summary

Alphabet reported Q3 2026 revenue of $127.6B, up 25% YoY, with Google Cloud revenue up 103% to $30.7B and capex of $51.4B in the quarter. CEO Sundar Pichai said first-party model APIs now process nearly 32 billion tokens per minute (4x YoY) and the Gemini app has reached 1 billion users. Alphabet raised its FY26 capex guide to $195B-$205B and signaled 2027 capex will top $300B.