Alphabet's free cash flow turns negative for first time in 20 years, burning ~$15B over two quarters
luisdans · x · 2026-11-15
Per unusualwhales citing a WSJ chart, Alphabet's quarterly free cash flow has gone negative for the first time in 20 years — about -$6B then -$9B in the last two quarters, versus roughly +$25B/quarter as recently as early 2026. The swing reflects massive AI capex now eating into the company's cash generation.
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