Google Goes Wild After Hours After Beating Estimates, Projects Mindblowing CapEx Heading into today's Alphabet earnings, we said that as a result of positioning (GOOGL positioning was 9.5/10 according to Goldman's desk), it would be difficult for the stock, which was already priced to perfection, to impress an increasingly skeptical Wall Street, especially on the day when momentum saw its 4th bigg...
Google Goes Wild After Hours After Beating Estimates, Projects Mindblowing CapEx Heading into today's Alphabet earnings, we said that as a result of positioning (GOOGL positioning was 9.5/10 according to Goldman's desk), it would be difficult for the stock, which was already priced to perfection, to impress an increasingly skeptical Wall Street, especially on the day when momentum saw its 4th biggest drop on record. Well, that's what happened, at least initially because despite solid results which beat across the board, the company's shocking 2026 capex guidance (a mindblowing $175-185BN, double the 2025 number and crushing the estimate of ) absolutely spooked investors, who promptly sent the stock down as much as 7.5% after hours. But more remarkably, after losing as much as $350BN in market cap in kneejerk response to the company's stunning capex forecast, the stock managed to rebound and even turn green, a reversal of some $800BN in the span of minutes! Here is what GOOGLE just reported for Q4:. EPS $2.82, up 31% vs. $2.15 y/y, beating estimate $2.65 Revenue ex-TAC $97.23 billion, +19% y/y, beating estimates of $95.17 billion Revenue $113.83 billion, +18% y/y, beating estimates of $111.4 billion, Google Services revenue $95.86 billion, +14% y/y, beating estimates of $94.9 billion Google advertising revenue $82.28 billion, +14% y/y, beating estimates of $80.89 billion Google Search & Other Revenue $63.07 billion, +17% y/y, beating estimates of $61.37BN, and buyside bogey of 16% growth YouTube ads revenue $11.38 billion, +8.7% y/y, missing estimates of $11.78 billion Google Network Revenue $7.83 billion, -1.6% y/y, beating estimate $7.78 billion Google Subscriptions, Platforms and Devices Revenue $13.58 billion, +17% y/y, missing estimate $13.81 billion Google Cloud revenue $17.66 billion, +48% y/y, beating estimates of $16.2BN, and smashing buyside bogey of 40% growth Other Bets revenue $370 million, -7.5% y/y, missing estimate of $443.8 million Hedging losses $68...