Anni(@anni_sen):$GOOGL report ready! Alphabet dropped about 10% after hours. The headline said EPS of $2.12 against a $3.00 estimate. Most of that gap was an $11 billion mark-to-market loss on Alphabet's SpaceX stake. Strip that out and the quarter still missed. Just by less. Here's how I read the print,and why the supply chain matters more than the stock tonight. The real problem isn't SpaceX. It's the bill for the AI build. Capex hit $51 billion in a single quarter. Free cash flow went negative again. Buybacks went to zero. The one thing paying for it: Cloud, up 103%.

Anni

@anni_sen

Managing Partner, BluBird Capital Engineer - xApple | xQualcomm | xIntel | Startup exits, Tennis player🎾, JohnsHopkins alumni

参加 January 2015

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Anni@anni_sen

2026.10.29 03:54

$GOOGL report ready! Alphabet dropped about 10% after hours. The headline said EPS of $2.12 against a $3.00 estimate. Most of that gap was an $11 billion mark-to-market loss on Alphabet's SpaceX stake. Strip that out and the quarter still missed. Just by less. Here's how I read the print,and why the supply chain matters more than the stock tonight. The real problem isn't SpaceX. It's the bill for the AI build. Capex hit $51 billion in a single quarter. Free cash flow went negative again. Buybacks went to zero. The one thing paying for it: Cloud, up 103%.