The facts
FactSet's revenue consensus cited by AP was $127.97 billion, compared with Alphabet's reported $127.58 billion. The $0.39 billion gap is a revenue miss for the same quarter. [1][2]
AP reported analyst EPS estimates around $3.01 and described earnings below expectations, but said it was not immediately clear whether the estimate was comparable with the reported $2.12 diluted GAAP EPS. Alphabet said an $8.664 billion equity-securities loss reduced diluted EPS by $0.55; no like-for-like EPS surprise is calculated. [1][2]
Reuters reported Alphabet shares fell 12.6% in regular trading on 29 October. This is distinct from the earlier after-hours share-price movement. [4][5]
Still unconfirmed
- The available independent report does not establish a common accounting basis for Alphabet's reported EPS and the analyst EPS consensus. No precisely comparable EPS miss is asserted here.
Corrections & updates
Update: Added the 28 October after-hours move, with the Nasdaq Class A ticker, currency, 19:59 EDT quote and same-day regular-close comparison, corroborated approximately by Reuters. Distinguished the fall from the regular-session gain. The exact comparable EPS shortfall remains unresolved.
Update, 29 October: added the regular-session selloff and closing index changes from Reuters. Kept the earlier 28 October Class A after-hours snapshot separately dated and retained the unresolved EPS-comparability caveat. The new reported percentage does not specify a share class.
Clarification, 1 November: made the reported EPS miss explicit in the headline and summary, while distinguishing $2.12 diluted GAAP EPS from AP's approximately $3.01 analyst estimate, whose accounting basis is not confirmed. Added the named FactSet revenue comparison; no incompatible EPS miss is calculated.
Sources
References support the numbered facts above. Source checks: 1 Nov 2026, 06:48 UTC.
- Alphabet Announces Third Quarter 2026 Results
Alphabet · Primary source · 28 Oct 2026
Company-hosted financial release. The PDF was retrieved successfully and its actual text reviewed through a permitted network/PDF fallback after web-tool retrieval failed. Figures are unaudited.
- Google shares fall after Q3 earnings despite 25% revenue growth
The Associated Press · Reporting · 28 Oct 2026
Independent reporting by Kaitlyn Huamani. FactSet revenue consensus and the qualification about EPS comparability come from this report; the accounting results originate with Alphabet.
- Alphabet GOOGL: Class A price history and after-hours quote
Stock Analysis · Reporting · 28 Oct 2026
Explicit Nasdaq, USD, Class A, regular-close and after-hours labels checked. Quotes are tied to the displayed timestamp; another provider’s last pre-close trade is not substituted for this closing baseline.
- Asian shares fall as Alphabet earnings miss drags Wall St futures lower
Reuters, via MarketScreener · Reporting · 29 Oct 2026
Actual public report datelined Sydney, 29 October; read through normal HTTPS. Independently owned from Alphabet and Stock Analysis. Used for the approximate after-hours move, without adopting a speculative market-cause explanation.
- Wall Street ends lower as Alphabet revenue miss revives AI capex jitters
Reuters, via Yahoo Finance · Reporting · 29 Oct 2026
Actual updated closing report by Stephen Culp and Shashwat Chauhan read. The URL retains its earlier futures headline. The body reports a 12.6% regular-session Alphabet decline without naming the share class; this is kept separate from the earlier Class A quote.