Overview
- Alphabet will release third-quarter results after the market close today, with a conference call at 5:30 p.m. ET available on its Investor Relations site.
- Wall Street consensus projects roughly $99–100 billion in revenue and earnings per share of about $2.26 to $2.32.
- A recent ruling by Judge Amit Mehta curtailed exclusivity in Google’s default-search agreements without forcing a breakup, easing a long-running regulatory risk.
- JPMorgan raised its price target to $300 and kept a buy rating, while Stifel lifted to $292, BofA to $280, Bernstein to $260, and Guggenheim to $280 ahead of the print.
- Anthropic plans to expand on Google Cloud with up to 1 million TPUs in a deal described as worth tens of billions and adding gigawatt-scale capacity in 2026, sharpening focus on AI growth versus higher capex and potential regulatory charges.