$ETH
Google reports earnings tonight
The more money AI makes, the more it burns
How much longer can its search cash cow keep producing?
Damn
Guys,
Google has to turn in its report card tonight.
It looks impressive every day,
but we’ll know if it’s really any good when the results come in.
Another thing to watch is
not just how much more money it can make,
but also whether, with AI having come this far,
Google can still defend its search business.
First, let’s look at market expectations.
Analysts expect
Alphabet’s third-quarter revenue to come in at around $128.2 billion,
up about 25% year over year.
Google Cloud revenue is expected to approach $29.6 billion,
up about 95% year over year.
If cloud keeps growing this fast,
that’s seriously impressive.
But Google’s real bread and butter
is still search advertising.
The market expects search revenue growth to slow from 16.8% last quarter to 14.7%.
The reason is simple.
In the past, users would open Google whenever they had a question.
Now, some people ask AI directly
and can’t even be bothered to scroll through search results.
If user habits change,
will the advertising business change along with them?
That’s what investors really care about.
Google has raised its 2026 capital expenditure guidance to $195 billion–$205 billion.
AI computing power, chips, data centers—
it needs all of them.
But after all that money is spent,
can it ultimately turn into profits and cash flow?
That’s the damn key question.
So, in tonight’s earnings report,
the main things to watch are:
Will search advertising hold up?
Can the cloud business keep surging?
And when will AI investment start paying off?
#谷歌财报能否守住基本盘
Google reports earnings tonight
The more money AI makes, the more it burns
How much longer can its search cash cow keep producing?
Damn
Guys,
Google has to turn in its report card tonight.
It looks impressive every day,
but we’ll know if it’s really any good when the results come in.
Another thing to watch is
not just how much more money it can make,
but also whether, with AI having come this far,
Google can still defend its search business.
First, let’s look at market expectations.
Analysts expect
Alphabet’s third-quarter revenue to come in at around $128.2 billion,
up about 25% year over year.
Google Cloud revenue is expected to approach $29.6 billion,
up about 95% year over year.
If cloud keeps growing this fast,
that’s seriously impressive.
But Google’s real bread and butter
is still search advertising.
The market expects search revenue growth to slow from 16.8% last quarter to 14.7%.
The reason is simple.
In the past, users would open Google whenever they had a question.
Now, some people ask AI directly
and can’t even be bothered to scroll through search results.
If user habits change,
will the advertising business change along with them?
That’s what investors really care about.
Google has raised its 2026 capital expenditure guidance to $195 billion–$205 billion.
AI computing power, chips, data centers—
it needs all of them.
But after all that money is spent,
can it ultimately turn into profits and cash flow?
That’s the damn key question.
So, in tonight’s earnings report,
the main things to watch are:
Will search advertising hold up?
Can the cloud business keep surging?
And when will AI investment start paying off?
#谷歌财报能否守住基本盘
