Earnings call briefThird-quarter 2026
Alphabet says it expects capital spending to increase significantly in 2027
Alphabet said it expects just over 55% of its $561 billion Google Cloud backlog to be recognized as revenue over the next 24 months.
GetSignal Alphabet GOOG
On its third-quarter call, Alphabet said it expects capital spending to increase significantly in 2027. Its full-year 2026 capital spending guidance range of $195 billion to $205 billion remains unchanged.
Alphabet also said it expects TPU system sales to keep scaling in the fourth quarter, followed by a meaningful revenue ramp in 2027.
Quotes from the call
“Google Cloud's backlog was $561 billion in the third quarter, with the majority of the backlog related to typical GCP contracts. We expect to recognize just over 55% of the total backlog as revenues over the next 24 months.”
“Our full year 2026 CapEx guidance range of $195 billion to $205 billion remain unchanged.”
Key facts from the call
- 2027 capital spending outlook
- Expected to increase significantly
- 2026 capital spending guidance
- $195 billion to $205 billion, unchanged
- Google Cloud backlog
- $561 billion in the third quarter
Source: Alphabet's third-quarter 2026 earnings call, October 28, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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