Alphabet reported October 28 that third-quarter revenue increased 25% from a year earlier to $127.6 billion, with Google Cloud revenue more than doubling to $30.7 billion.
The results cover the quarter ended September 30, 2026. Operating income rose 30% to $40.6 billion, but net income available to common shareholders declined to $26.2 billion from $35.0 billion. Diluted earnings per common share fell to $2.12 from $2.87.
The company's unaudited earnings release showed $8.2 billion in net other expense, compared with $12.8 billion in net other income a year earlier. That change helps distinguish the decline in bottom-line earnings from growth in operating income.
Google Services revenue increased 11% to $96.3 billion. Search and related revenue reached $63.35 billion, while YouTube advertising generated $11.21 billion.
Alphabet attributed Google Cloud's 103% revenue growth to enterprise AI infrastructure, AI solutions and core cloud services, with sales of its TPU systems also contributing. Those explanations are the company's account of its performance.
Sources Alphabet earnings release furnished to the SEC: https://www.sec.gov/Archives/edgar/data/1652044/000165204426000080/googexhibit991q32026.htm