Google Cloud third-quarter revenue rises 103% to 30.7 billion dollars
Alphabet said Google Cloud revenue more than doubled in the third quarter of 2026, while quarterly capital spending reached 51.4 billion dollars.
In results released on 28 October 2026, Alphabet said Google Cloud revenue rose 103% to 30.7 billion dollars. Purchases of property and equipment rose to 51.4 billion dollars from 24 billion dollars a year earlier.
Google parent Alphabet released its third-quarter 2026 results on 28 October 2026 in a filing with the US Securities and Exchange Commission. Total revenue rose 25% to 127.6 billion dollars. Google Cloud revenue grew 103%, to 30.7 billion dollars from 15.2 billion dollars a year earlier.
- Alphabet credits Google Cloud Platform for most of the growth and says TPU system sales also added significantly.
- Google Cloud operating income rose to 11.1 billion dollars from 3.6 billion dollars.
- Purchases of property and equipment in the quarter rose to 51.4 billion dollars from 24 billion dollars.
- Net income available to common stockholders fell to 26.2 billion dollars from 35 billion dollars; a footnote in the release says an 8.7 billion dollar loss on equity securities cut net income by 6.7 billion dollars.
Why it matters
Google chief executive Sundar Pichai tied the cloud growth to very high demand for the company's AI infrastructure and AI solutions, and said demand for TPU systems is coming from many kinds of customers. The story is also close to home for Türkiye: according to a November 2025 Webrazzi report, Turkcell and Google Cloud formed a partnership to build a Google Cloud region in Türkiye with three or more zones. The report gives no opening date for the region; companies preparing a cloud strategy can follow the schedule and the services to be offered to plan for data location and latency needs.
- Google Cloud revenue rose 103% to 30.7 billion dollars.
- Quarterly capital spending more than doubled.
- A Google Cloud region in Türkiye is planned with Turkcell.
Sources
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