Alphabet Cloud Revenue Doubles to $30.71B as Free Cash Flow Hits -$9.07B

YvesMulkers · x · 2026-10-30

Alphabet's latest results show cloud revenue doubling to $30.71B, but free cash flow came in at -$9.07B versus an expected -$36M. Author Yves Mulkers argues this is the AI capex bill arriving faster than priced in — massive AI infrastructure spending is directly eating into cash flow.

Related event: Alphabet Misses on Revenue and EPS, Wiping Out ~$500B in a Day(43 posts)→

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