Alphabet reportedly raised about $41.4 billion through stock sales and debt in the third quarter to fund AI-related capital spending. The moves supported $51.355 billion in capex while Google Cloud revenue grew 103 percent year over year.
Alphabet spent $51.355 billion on capital expenditures.
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Alphabet shares slid 10.2% in premarket trading after Q3 results, Reuters reported (Investing.com, updated 6:00 AM AST). Alphabet's release shows Search & other revenue of $63.35B, up 12%, and free cash flow of negative $9.065B; CNBC says Search came in below estimates and FCF was far worse than the $2.70B deficit analysts expected. Nasdaq 100 futures were down about 1% at 5:18 AM AST while Microsoft rose 3.6%, per Reuters.
Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
Alphabet announced $127.6 billion in Q3 2026 revenue, up 25 percent from a year earlier. Google Cloud revenue more than doubled while the Gemini app reached one billion users.
