Alphabet Q3: free cash flow negative $9.07B, capex ate ~40 cents of every revenue dollar
Alphabet reported Q3 results today: revenue up 25% to $127.6B, but free cash flow was negative $9.07B and shares fell about 10% after hours.
I think the key number is capex of $51.36B, about 40 cents of every revenue dollar, with 2027 spend expected to top $300B. Not financial advice.
How long will investors fund that?
https://www.cnbc.com/2026/10/28/alphabet-googl-earnings-q3-2026.html
Sources: Reuters via Investing.com: Alphabet heavy cloud spending drives bigger-than-expected cash burn
Not financial advice. For informational and educational purposes only.
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End-of-day recap
The Fed held rates steady on Oct 28, 2026, while AI hardware earnings drove the largest single-stock moves of the session.
The Fed held rates steady on Oct 28, 2026, while AI hardware earnings drove the largest single-stock moves of the session. The S&P 500 closed at 7,744.20 (+0.28%), the Nasdaq at 26,549.85 (+0.27%), the Dow at 52,475.10 (+0.19%) and the Russell 2000 at 2,830.51 (+0.41%). The VIX fell 3.48% to 16.91; the 10-year yield sat at 5.05%.
GE's Fallen Giant Arc — $594B to $53B to $312B
General Electric was worth $594 billion in 2000, the most valuable company on earth, the year Jeffrey Immelt was named to succeed Jack Welch.
General Electric was worth $594 billion in 2000, the most valuable company on earth, the year Jeffrey Immelt was named to succeed Jack Welch. Eighteen years later, GE was removed from the Dow Jones Industrial Average entirely, the last of the index's…