Alphabet's third-quarter revenue climbed 25% and Google Cloud sales more than doubled, while net income fell despite stronger operating income and a sharp reversal in non-operating results.
The company reported $127.58 billion in revenue for the three months ended Sept. 30, up 25% from a year earlier. Net income available to common stockholders was $26.17 billion, compared with $34.98 billion in the same quarter last year. Diluted earnings per share declined to $2.12 from $2.87, while operating income rose 30% to $40.58 billion.
The line labeled other income (expense), net, shifted from $12.76 billion in income a year earlier to an $8.22 billion expense. Alphabet's earnings release said a net loss on equity securities reduced net income by $6.7 billion and diluted earnings per share by $0.55.
Google Cloud revenue reached $30.71 billion, up 103%. Alphabet said demand for enterprise AI infrastructure and solutions led the segment's growth, while sales of TPU systems also contributed. Google Services revenue rose 11% to $96.3 billion. Within that segment, Search and other revenue increased 12% to $63.35 billion. Alphabet said Search query growth reached its fastest year-over-year pace in five years.
Alphabet said the quarter marked its 13th consecutive period of double-digit revenue growth. The results put growth in cloud, services and Search alongside declines in net income and diluted earnings per share.
Alphabet filed a Form 8-K with the Securities and Exchange Commission on Oct. 28. The filing index lists results under Item 2.02 and financial statements and exhibits under Item 9.01, with the earnings release attached as Exhibit 99.1. The index records Oct. 28 as the report date and assigns the submission accession number 0001652044-26-000080.
