Alphabet Inc. (Class A) reported earnings per share of $2.12 against an estimate of $2.97, and revenue of $127.58 billion against an estimate of $127.96 billion, missing on both measures. The stock fell to $292.46 in after-hours trading, down 9.98% from its $324.89 close. Alphabet's market value stood at $3.96 trillion following the report.
Source: Trades in the regular session and after hours, against the close · as of October 28, 2026 at 6:45 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $2.12 | $2.97 | Missed |
| Revenue | $127.58 billion | $127.96 billion | Missed |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 28, 2026 at 6:45 PM ET · Reported after the close on Wednesday, October 28, 2026.
Against the quarters before
Over the prior four quarters, Alphabet had topped estimates each time. In the quarter reported October 29, 2025, EPS came in at $2.87 versus $2.30 expected, with revenue of $102.35 billion.
The quarter reported February 4, 2026 brought EPS of $2.82 against $2.57 expected, on revenue of $113.83 billion. By April 29, 2026, EPS reached $5.11 versus a $2.64 estimate, with revenue of $109.90 billion.
Most recently, the quarter reported July 22, 2026 showed EPS of $9.11 against an expected $2.87, with revenue of $119.80 billion. This quarter's results break that streak of beats on both the earnings and revenue lines.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 22, 2026 | $9.11 | $2.87 | $119.80 billion | Beat |
| April 29, 2026 | $5.11 | $2.64 | $109.90 billion | Beat |
| February 4, 2026 | $2.82 | $2.57 | $113.83 billion | Beat |
| October 29, 2025 | $2.87 | $2.30 | $102.35 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares moved lower after hours, trading at $292.46, a drop of 9.98% from the $324.89 close. The facts provided do not include direct management commentary tied to this specific report; broader logistics industry remarks from the same earnings season, cited by TheStreet, describe companies as past "the inflection point" on volume and margin performance and pointing to rebounding trade lane activity, though these comments are not attributed to Alphabet.
| Measure | Value |
|---|---|
| Last close | $324.89 |
| Price | $292.46 |
| Change | -9.98% |
Source: Extended-hours trades against the regular close · as of October 28, 2026 at 6:45 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list several suppliers and customers tied to Alphabet. Suppliers include Take-Two Interactive, AES Corporation and AppLovin Corporation, while customers include News Corp (Class B), Workday, The Trade Desk, Roper Technologies and Booking Holdings.
This chain spans gaming, energy, mobile advertising, media, enterprise software, ad tech, industrial technology and travel booking, reflecting how broadly Alphabet's business touches other public companies' filings.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Take-Two Interactive | Supplier | TTWO | -2.98% |
| AES Corporation | Supplier | AES | -0.33% |
| AppLovin Corporation | Supplier | APP | -1.08% |
| News Corp (Class B) | Customer | NWS | -2.27% |
| Workday, Inc. | Customer | WDAY | -0.54% |
| The Trade Desk, Inc. | Customer | TTD | +0.47% |
| Roper Technologies | Customer | ROP | +1.42% |
| Booking Holdings | Customer | BKNG | -1.47% |
Source: Relationships named in company filings (SEC 10-K annual report); stock quotes · as of October 28, 2026 at 6:45 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.