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Alphabet misses Q3 earnings but shows strong growth and cloud profits, trading at attractive valuation.

Company Fundamentals
29 Oct 2026, 01:05 WIB
Seeking Alpha
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Bullish
Alphabet misses Q3 earnings but shows strong growth and cloud profits, trading at attractive valuation.

Alphabet Inc. reported a rare double miss in its Q3 earnings, mainly due to non-operational investment losses rather than core business weakness. Despite this, the company’s underlying operations remain strong, with revenue up nearly 25% year-over-year and Google Cloud revenues doubling while tripling operating profits. Operating margins expanded even with significant AI investments. Following the earnings report, Alphabet’s shares now trade at about 19 times next year’s earnings, below historical averages, making it a compelling long-term buy opportunity.

Alphabet's market cap stands at $3.90 trillion as of Oct 29, 2026, 05:21 WIB, with a dividend yield of 0.28%. Despite the sharp 8.80% drop in its share price to USD 288.96 on Pluang, the platform shows a strong buy interest at 77%, reflecting investor confidence in the company's long-term prospects. Trading volume reached 17,638,170 shares, and the typical holding period on Pluang is 139 days, indicating a patient investor base amid recent volatility.

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