Alphabet (GOOGL) earnings for the quarter ended September 2026: EPS misses estimates
Alphabet reported results for the quarter ended September 2026 on October 28, 2026. Adjusted earnings per share came in at $2.12 against the analysts’ average forecast of $3.01, a miss of 29.5%.
Revenue for the quarter was $127.58 billion, up 24.7% from $102.35 billion in the same quarter a year earlier.
The market’s verdict: the stock fell 11.5% on the first trading day after the report.
The last four quarters
Alphabet has beaten the analysts’ EPS forecast in 3 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $2.12 | $3.01 | −29.5% | +25% | −11.5% |
| Jun 2026 | $9.11 | $2.90 | +214.2% | +24% | −8.5% |
| Mar 2026 | $5.11 | $2.67 | +91.6% | +22% | +10.0% |
| Dec 2025 | $2.82 | $2.64 | +7.0% | — | −2.5% |
What comes next
Analysts expect EPS of $3.20 for the next quarter on average and $19.56 for the fiscal year ending December 31, 2026.
The average analyst price target is $400.37, 35% above the current price of $295.77.
Valuation and score
Alphabet scores 3.8 out of 5 overall on Stock Analiz (good, with some weak spots), trades at a trailing P/E of about 15.4, and its intrinsic value under moderate assumptions is about 38% above the current market value. Full Alphabet analysis with 10 years of financials
Frequently asked questions
What was Alphabet’s EPS for the quarter ended September 2026?
$2.12 adjusted per share, against an analyst consensus of $3.01.
How much revenue did Alphabet report?
$127.58 billion, up 24.7% year over year.
More
This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.