Bearish
Alphabet's GOOGL shares drop nearly 5% after-hours as capex spending increases
Alphabet's GOOGL shares experienced a significant after-hours decline of nearly 5% following the company's announcement of increased capital expenditures for 2026, raising concerns among investors about the impact on profitability. Despite strong revenue and earnings reports, the heightened spending plans have overshadowed positive financial results.
Key points
- Alphabet's after-hours stock price drops nearly 5% following capex increase to $205B
- Company reports 24% year-on-year revenue growth to $119.8 billion, surpassing expectations
- Earnings per share reach $9.11, significantly exceeding analyst expectations of $2.91
- Google's cloud sales rise 82% year-over-year to $24.77 billion, driven by enterprise AI demand
Sources
AI-generated from public news sources. Not financial advice.
