Alphabet (GOOGL) Set to Release Earnings on Wednesday

Alphabet (NASDAQ:GOOGL) is expected to be posting its results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $2.99 per share and revenue of $127.92 billion for the quarter.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. On average, analysts expect Alphabet to post $20.55 EPS for the current fiscal year and $14.97 EPS for the next fiscal year.

Alphabet Stock Down 1.1%

Shares of NASDAQ GOOGL opened at $340.27 on Wednesday. Alphabet has a one year low of $244.15 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm’s 50 day simple moving average is $343.93 and its two-hundred day simple moving average is $352.57. The stock has a market capitalization of $4.16 trillion, a P/E ratio of 17.09, a PEG ratio of 1.00 and a beta of 1.21.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 402,479 shares of company stock worth $7,946,534 in the last ninety days. 11.61% of the stock is owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support remains strong. BMO Capital raised its Alphabet price target to $480, while other coverage continues to characterize the stock as an attractive growth and value opportunity ahead of the October 28 earnings report. Bank of America expects a modest earnings beat, supported by Google Cloud growth and demand for Alphabet’s custom AI chips. BMO Capital adjusts price target on Alphabet
• Positive Sentiment: AI and emerging businesses continue to expand. Alphabet launched TorchTPU as an open-source PyTorch project, potentially helping developers use Google’s chips instead of Nvidia GPUs. Google is also adding more personalized Gemini functionality to vehicles, while Waymo reportedly plans to expand its robotaxi fleet to 20,000 vehicles and launch autonomous ride-hailing in Madrid next year. Google attacks Nvidia’s AI developer stronghold
• Neutral Sentiment: Investors are focused on upcoming earnings. Alphabet’s strong prior quarter and rapid Cloud growth have not translated consistently into share-price gains. The company will need to demonstrate that Cloud expansion and TPU demand are producing meaningful profitability, while also addressing potential moderation in Search growth.
• Negative Sentiment: Google Cloud suffered a high-profile outage in the United Kingdom. Disruptions affected several banking and online services, and the Bank of England is investigating the incident. Although services were largely restored, the event raises concerns about reliability and could increase regulatory scrutiny of Alphabet’s cloud infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misled investors about the development timeline for Gemini 3.5 Pro. Several firms highlighted lead-plaintiff deadlines around November 30 and December 1, keeping legal risk and the possibility of investor damages in focus. Rosen securities class-action notice
• Negative Sentiment: Broader AI-stock weakness added pressure. Concerns about AI financing, elevated capital spending and the sustainability of the technology trade have encouraged investors to reduce exposure to major technology stocks, even as Alphabet remains comparatively inexpensive among the “Magnificent Seven.”

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $410.00 target price on shares of Alphabet in a report on Thursday, September 3rd. Barclays reaffirmed an “overweight” rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Truist Financial set a $420.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Benchmark reissued a “buy” rating on shares of Alphabet in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $426.34.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.