Why Alphabet’s stock could see its worst drop in years after the latest results

Oct 29, 2026 2:44 AM · MarketWatch

Shares of Alphabet were falling hard in after-hours trading as the company reported a third-quarter revenue and earnings miss on Wednesday, stoking fears that artificial intelligence is pressuring its core search-engine business.

Overall revenue for Alphabet GOOGL GOOG grew 25% from a year before to $127.6 billion, missing the $128.0 billion figure expected by analysts. Earnings per share of $2.12 were also lower than Wall Street consensus estimates of $3.02, driven by a $8.6 billion paper loss on equity stakes which the company attributed to its investment in SpaceX SPCX.

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Original source: MarketWatch