Google's Q3 Earnings Preview Tomorrow: Cloud Growth Yet to Be Verified, Revenue Expected to Surge 24.9% Year-over-Year

BlockBeats news, October 28 — Google parent company Alphabet is set to release its earnings report after the U.S. market close on Wednesday, with cloud business growth and TPU external supply ramp-up yet to be verified, while 2027 capital expenditure guidance and free cash flow turning negative will become the focus of the earnings report.

Q3 single-quarter revenue for fiscal year 2026 is forecast at $127.833 billion, expected to grow 24.9% year-over-year; net profit is forecast at $37.334 billion, expected to grow 6.73% year-over-year.

Major investment banks have also offered their respective forward-looking views: JPMorgan raised its cloud business revenue year-over-year growth forecast from 88% to 100%; Deutsche Bank believes its Q3 search revenue growth will be relatively healthy; HSBC Research forecasts its operating margin at 44.5%, above market expectations, with GAAP EBIT growing 35% year-over-year.