Alphabet Q3: $102.3B, AI Growth, €3.5B Fine

Alphabet posted its first-ever $100+ billion quarter, reporting $102.3 billion in Q3 2025 revenue (about 16% year‑over‑year), net income near $35 billion and EPS around $2.87, beating estimates. Growth was broad‑based: Search and YouTube ad revenues strengthened while Google Cloud surged roughly 34% to about $15.2 billion and finished the quarter with an approximately $155 billion sales backlog. Revenue from generative‑AI products rose more than 200% and the Gemini app surpassed 650 million monthly active users, helping monetize AI features. Management raised 2025 capital spending guidance to $91–$93 billion to build datacenters, custom AI chips and servers to meet cloud and AI demand. The company disclosed a planned acquisition of Wiz to bolster cloud security but also reported regulatory headwinds, including a €3.5 billion competition fine and ongoing DOJ and other scrutiny. Shares jumped after hours and hit record highs as investors viewed Alphabet’s AI investments and large cloud deals as driving faster growth and stronger margins.