🔍 Street Takeaways - Alphabet Q3 Earnings ($287.71 -$37.18) Overview: • Shares (11.4%). Revenue +24.7% y/y missed by (0.3%). Services missed on the top line as Ads were below by (1.9%) while Cloud mitigated beating by 6.9%. • GAAP operating margin on gross revenue (210bps) y/y missed by (190bps); OM on net revenue +80bps y/y and below by (230bps). FCF ($9.07B) was ($6.37B) below consensus. • Full-year 2026 CapEx guidance remains $195B-$205B with significant increase expected in 2027. • Analysts were mixed following the print. Slight miss in the quarter was attributed to deceleration in Search more than offsetting GCP revenue +103% y/y. Those leaning more hesitant feel pending transition to agentic experience presents material execution risk for search monetization. Others more positive call out multiple reasons for Buy including AI platform development, rather than new products, and competition for compute maximizing ROICs on Capex. RSI investment and cadence of innovation across AI stack also cited underscoring constructive views. $GOOG $GOOGL #Google# #Earnings# #TechEarnings# #Tech# #GoogleCloud# #FCF# #EPS# #GCP# #GoogleSearch# #CloudRevenue# #AI# #AgenticAI# #Capex# #CloudComputing# #FinTwit# Gain immediate access to earnings insights with #StreetAccount#: