Google Cloud Crosses 24% of Alphabet Revenue as SpaceX Writedown Triggers First Miss in Four Years
· techtimes.com · popularity 26/100 · 0 similar stories today · Computing & Software Development (Technology & Consumer Electronics)
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Summary
Google Cloud Q3 2026 earnings surged 103% to $30.7 billion, crossing 24% of Alphabet revenue for the first time - but a $8.2 billion SpaceX equity writedown reversed the FASB accounting rule that inflated Q2 earnings, triggering Alphabet's first top-and-bottom-line earnings miss in nearly four years and sending shares down roughly 10% after hours.
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