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What we know about this company
A dated company review is availableAlphabet Inc.
Changed since the 2026-08-30 company check: the eligible Aug. 28 EEA Search policy update modestly lowers one regulatory-friction area, while Sept. 2 ad-tech remedy news was excluded by the cutoff rule.
TickerYou is watching this company, but we are not currently recommending it. An earlier full review was positive 8/10, but that view is historical.
$335.45
last session
Price only · no current Idea
Quarterly results in 46 days · Oct 28 · Estimated date
This came from an earlier review. It is useful background, not a current Idea.
Google makes most of its money from ads — when you search, watch YouTube, or use an app, advertisers pay to reach you. It is hugely profitable: in the three months ending June 2026 it took in $119.8 billion, up 24% from a year earlier, and kept about $40.8 billion as operating profit. Its fast-growing second business rents computing power and AI tools to companies; that part jumped 82%. The one thing that has to go right: as people increasingly get answers from AI instead of clicking blue links, Google needs its AI answers and cloud rentals to make as much money as the old search ads did — so far they are. The one thing that could go wrong: courts. Google lost a big monopoly case and is fighting appeals; a judge could force it to share data or sell off part of its ad business. On top of that, a few top AI scientists just left, and the company is spending around $200 billion this year on AI — a huge bet that has to pay off.
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TickerYou is checking this company, but no active investment Idea is open.
That review was positive with 8/10 research strength. It is history, not a current Idea.
Read the newest company check below. New facts can update the research, but watching a company does not turn it into a recommendation.
Changed since the 2026-08-30 company check: the eligible Aug. 28 EEA Search policy update modestly lowers one regulatory-friction area, while Sept. 2 ad-tech remedy news was excluded by the cutoff rule.
Changed since the 2026-08-30 sweep: the eligible Aug. 28 EEA Search policy update modestly lowers one regulatory-friction area, while Sept. 2 ad-tech remedy news was excluded by the cutoff rule. The 3m and 1y read still balances Cloud/Search growth against capex and antitrust risk.
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Earlier company review · Record saved Aug 12, 2026 · check date unavailable. The original research wording and date checks stay available inside.
These events and risks came from an earlier company review. There is no current Idea.
An event can change what investors believe. A risk shows how our research could be wrong.
Watch for a company announcement or filing that confirms or moves this date.
Expected from Alphabet Earnings Date, Report, Conference Call, Forecasted Dates (GOOGL) · Aug 22, 2026
Changed since the 2026-08-30 company check: the eligible Aug. 28 EEA Search policy update modestly lowers one regulatory-friction area, while Sept. 2 ad-tech remedy news was excluded by the cutoff rule.
A company check updates what we know. It does not by itself turn this company into a current opportunity.
1 older quarterly-results date is hidden because a newer company check is shown above.
Computed by TickerYou from 1254 completed daily closing sessions supplied by Yahoo Finance, through Sep 10, 2026. The Sep 11, 2026 quote-session candle was excluded because a delayed feed cannot prove it was final. No company fundamentals enter this reading.
Shorter and longer price trends point in different directions, so there is no clear trend.
Price movement can help with timing and can warn when the market disagrees with our Idea. It does not tell us what the business is worth.
Watch whether the close and the 50-session average ($345.63) move to the same side of the 200-session average ($335.41).
Last closing price
$330.39
Sep 10, 2026
Average price over 20 trading days
$338.46
Close is 2.4% below this average
Average price over 50 trading days
$345.63
Close is 4.4% below this average
Average price over 200 trading days
$335.41
Close is 1.5% below this average
Recent price speed
41.0 · balanced
A 14-day speed reading; lower than 30 is low and higher than 70 is high
Is the trend speeding up?
Below signal
Shows whether the shorter trend is pulling ahead of or behind the longer one
The moving averages are simple averages over exactly 20, 50, and 200 daily trading sessions. RSI uses Wilder's 14-session smoothing; a flat series is neutral at 50. MACD uses 12- and 26-session exponential averages with a 9-session signal. A window is never shortened when history is missing. Every comparison uses the final dated daily close—not an intraday quote—so all figures share one observation boundary. A candle dated to an active delayed-quote session is excluded because it may still be changing. These are trend and momentum references, not a Buy/Sell score.
We keep the original wording so readers can check the record. Any figures below belong to that older review and are not current guidance.
Long GOOG near $343 with 8/10 conviction. The most profitable ad franchise on the market is now also the fastest-growing large-cap cloud, at a modest multiple, with antitrust and AI-talent fears already in the price. Genuine leadership and regulatory risks warrant close monitoring, not avoidance.
Three checks use SEC filings alone. The net-buyback check requires matching stated filing and quote currencies, a compatible single-ticker SEC share-unit receipt, and a dated provider quote; its row explains any refusal. One dated deep-review judgement is marked researched; missing checks are excluded, never treated as zero.
A score requires both core checks — what the share count did and pay in stock versus revenue — plus at least one other established check. Missing core checks: what the share count did; pay in stock, vs revenue.
A company can grow while each shareholder owns a smaller slice. Share issuance and stock pay can offset part of the business gain.
Establish the missing core checks first; other unestablished checks: buybacks net of new stock sold; room left under the charter.
no combined count in the SEC feed
the two figures cover different periods, and a ratio across mismatched periods would be invented
stock sold is untagged — and missing is not zero, so no net can be computed
The deep review’s dated judgement (published Aug 12, 2026; evidence cutoff unavailable): how much of a 1% ownership slice at that review could survive through its horizon.
no usable outstanding count to compare the ceiling against
review saved Aug 12, 2026 · check date unavailable
The founders still run this company. Larry Page and Sergey Brin own under 10% of the shares but control about 53% of the votes through special Class B stock, so outside owners have almost no say. The shares you can buy (Class C) carry no vote at all. For years Google shrank its share count by buying stock back, which made each remaining share worth more. In 2026 it stopped: it bought back nothing and instead borrowed about $25 billion to pay for its AI build-out. It still pays staff partly in stock, but it is not selling new shares to the public to survive. So your slice is not being watered down — but the old tailwind of a steadily shrinking share count has paused for now.
1M
3M
6M
1Y
Computed from SEC filings — never model output. Blank means it cannot be computed honestly.
Revenue grew 13.1% versus the comparable filing period.
Revenue shows whether demand is expanding, while operating and free-cash-flow margins show how much of those sales becomes profit and cash. Net cash or debt affects how resilient that result is.
Watch whether the next comparable filing confirms the revenue direction and whether operating and cash-flow margins hold or improve.
Every figure comes from an SEC filing and carries the day it was measured. Nothing here is estimated.
A year-over-year share-count conclusion is not established: no combined count in the SEC feed.
Without two comparable filed counts, the app cannot say whether existing owners gained or lost percentage ownership.
Watch for two comparable filing cover pages before interpreting dilution or ownership-slice change.
Total share count — not known yet
no combined count in the SEC feed
The SEC's XBRL company-concept feed carries no undimensioned dei:EntityCommonStockSharesOutstanding for this filer. Issuers with more than one share class tag the count once per class, and this feed exposes only untagged totals; foreign private issuers filing 20-F or 40-F do not tag it at all. Adding up numbers from elsewhere would be a guess, so the total is left blank.
No bar is drawn: with no total share count there is nothing to draw a proportion of.
no combined count in the SEC feed
Each quarter is named by the fiscal quarter the company itself reported — the label its release used and its consensus estimate was quoted against — and by the month that quarter ended, taken from the filer's own XBRL period boundaries. A fiscal year need not follow the calendar, so Apple's Q2 runs January to March; naming the quarter end keeps that true in both calendars, and no quarter number is ever inferred from a date. Quarterly financials beside this card names the same quarter the same way. TickerYou takes the figures from the release and its filing; every word, sign and percentage is calculated by the app from those stored numbers. A post-release reaction appears only with the stored first-close measurement stamp; otherwise the card says the window is not established and computes no divergence. EPS here is on the basis consensus quotes — adjusted for most US names — so it can legitimately differ from the GAAP figure in Quarterly financials. Rows marked [backfilled] were confirmed from archived coverage after the fact — a lower evidence tier than live capture, and labelled so.
Q2 FY2026 · Jun 2026: EPS missed the stored consensus estimate, while revenue beat the stored consensus estimate. No post-release price reaction is asserted because its stamped measurement window is not established.
A surprise shows how the release differed from expectations, not whether the business is good or the thesis is right. The price reaction shows repricing, not its cause.
Watch whether the next comparable release repairs the miss, and keep the operating result separate from the market reaction.
Quarter ended Jun 30, 2026 · Reported Jul 22, 2026 · stock move after results · not shown
[backfilled] Google Cloud revenue surged 82% to $24.8B, consolidated operating margin expanded to 34% (up 2pp YoY), GAAP net income was dominated by a $99B unrealized equity securities gain that added $6.26 to diluted EPS, and management raised full-year capex guidance to $195–205B while Q2 free cash flow turned negative at -$5.9B.
Quarter ended Mar 31, 2026 · Reported Apr 29, 2026 · stock move after results · not shown
[backfilled] Google Cloud surged 63% to $20.0B and Search grew 19%, lifting total revenue 22% to $109.9B with operating margin expanding ~200bp to 36.1%; GAAP EPS of $5.11 was inflated by a $36.9B equity-securities gain — the LSEG-comparable adjusted EPS was $2.62, essentially flat to the $2.63 pre-release consensus.
Quarter ended Dec 31, 2025 · Reported Feb 4, 2026 · stock move after results · not shown
[backfilled] Alphabet cleared on both lines — GAAP diluted EPS up 31% YoY on 18% revenue growth; Google Cloud surged 48% to $17.7B; YouTube ads at $11.4B missed the $11.84B estimate; management guided 2026 capex to $175-185B for AI infrastructure, sending shares down ~3% after hours despite the beat.
Quarter ended Sep 30, 2025 · Reported Oct 29, 2025 · stock move after results · not shown
[backfilled] Alphabet delivered its first-ever $100 billion quarter with GAAP diluted EPS of $2.87 (+35% YoY); Google Cloud accelerated to $15.2 billion (+34% YoY) with a $155 billion backlog; Search, YouTube, and Cloud all posted double-digit growth; revenue of $102.35 billion cleared the $99.9 billion consensus by roughly $2.4 billion on broad AI-driven demand across segments.
Quarter ended Jun 30, 2025 · Reported Jul 23, 2025 · stock move after results · not shown
Computed from SEC filings — never model output. Each quarter is named by the fiscal quarter the company itself reported and the month that quarter ended, through the same resolver the Earnings card beside this one uses; where no release established a fiscal label, the quarter is named by its end alone rather than by a quarter number guessed from the date. EPS is GAAP diluted, as filed, so it can legitimately differ from the adjusted figure in the Earnings card (consensus is quoted adjusted). Y/Y compares the same fiscal quarter a year earlier; a comparison that cannot be made honestly is an em-dash that says why.
Q2 FY2026 · Jun 2026: Net income grew 297.9% year over year.
Comparing the same fiscal quarter a year earlier controls for seasonality. Revenue direction and margin direction together show whether sales are translating into profit, but one quarter is evidence—not a complete thesis.
Watch for the next filing that supplies a same-quarter comparison rather than substituting an older period.
| (USD) |
|---|
measured Jun 30, 2025, 14 months ago — from the 10-K filed Feb 5, 2026
Market value of shares held by non-affiliates under the SEC filing definition. This is a dollar amount, not a share count. It is never converted into one to fill the line above.
Not researched yet. Release dates, tranche sizes, the shares issued at IPO and the insider breakdown are prose in the prospectus and in 8-Ks, with no XBRL tag to read them from. They appear here once TickerYou research can quote the source clause behind each figure—never estimated in the meantime.
[backfilled] Google Cloud surged 32% YoY to $13.6B and operating margin expanded to 32.4%, driving a clean top-and-bottom-line beat, but shares fell after-hours as management signalled materially higher 2025 capex to fund AI infrastructure buildout.
| Q2 FY2026Quarter ended Jun 2026 |
|---|
| vs last year |
|---|
| Revenue | — | — |
| Profit after costs | $112.19 B | |
| Profit per share | 9.11 | |
| Profit margin | — | — |
† derived: the fiscal year minus its three reported quarters — no 10-K reports a Q4 figure directly. For EPS this assumes per-share figures add across the year.
| Quarter | Revenue | Y/Y | Net income | Margin |
|---|---|---|---|---|
| Q1 FY2026 · Mar 2026 | — | — | $62.58 B | — |
| Q4 FY2025 · Dec 2025 | — | — | $34.45 B † | — |
| Q3 FY2025 · Sep 2025 | — | — | $34.98 B | — |
| Q2 FY2025 · Jun 2025 | — | — | $28.20 B | — |
| Mar 2025 | $90.23 B | $34.54 B | 38.3% | |
| Dec 2024 | $96.47 B † | $26.54 B † | 27.5% | |
| Sep 2024 | $88.27 B | $26.30 B | 29.8% | |
| Jun 2024 | $84.74 B | $23.62 B | 27.9% |
Append-only company checks, newest evidence first. Evidence dates come from frozen research cutoffs; older rows without a cutoff are labelled by publication time instead. Multiple checks are preserved, never silently merged into one conclusion.
Changed since the 2026-08-30 sweep: the eligible Aug. 28 EEA Search policy update modestly lowers one regulatory-friction area, while Sept. 2 ad-tech remedy news was excluded by the cutoff rule. The 3m and 1y read still balances Cloud/Search growth against capex and antitrust risk.
2026-10-28 (expected, not company-confirmed) after market earnings reporting date was forecast by Wall Street Horizon and marked unconfirmed.
Checked Alphabet EDGAR FWP filing detail for recent securities filing activity.
Checked Alphabet EDGAR 8-K for August 2026 senior notes financing activity.
No new change versus the 2026-08-28 prior sweep; the Axios Google Cloud pricing item remains the last material recent update. The 1y case still balances Cloud/Search growth against capex intensity and antitrust risk.
2026-10-28 (expected, not company-confirmed) after market earnings reporting date was forecast by Wall Street Horizon and marked unconfirmed.
Incremental update versus the prior sweep: Google Cloud's new AI pricing controls modestly support the enterprise AI adoption case. The 1y thesis still balances Cloud/Search growth against capex intensity and antitrust risk.
2026-10-28 (expected, not company-confirmed) after market earnings reporting date was forecasted by a third-party calendar and marked unconfirmed.
Evidence checked Aug 26, 2026 · 2 recorded assessments
No change versus the newest prior sweep; the Marvell-Google custom silicon filing remains the key recent fundamental item. The 1y case still balances Search and Cloud/AI growth against capex and antitrust risk.
2026-10-28 (expected, not company-confirmed) after market earnings reporting date was forecasted by a third-party calendar and marked unconfirmed.
Evidence checked Aug 24, 2026 · 2 recorded assessments
No new change versus the newest prior sweep; the Marvell item remains the key recent fundamental update. The 1y case is still Search plus Cloud/AI growth, offset by capex and antitrust risk.
Checked Alphabet Class C page for next earnings timing
Published Aug 19, 2026 · 2 recorded assessments
Q2 operating income +30% confirms Search/Cloud/AI earnings power is compounding, with antitrust settling into manageable behavioral remedies. The new debt to fund AI capex is worth watching but doesn't dent the 1y thesis — quality franchise, still reasonably valued for the growth.
Published Aug 12, 2026 · 3 recorded assessments
Alphabet's Q2 2026 was operationally exceptional — Search, Cloud, and YouTube all growing, operating income up 30%, EPS vastly ahead of consensus — but the market's ongoing sell-off since the earnings call is rational: $205B capex, $25B in new debt, a leadership restructure inside the AI division, and a simultaneously expanding antitrust front in the US, EU, and now France. Gemini at 1B monthly users is genuine competitive progress, but the monetization bridge from user scale to incremental revenue per share is not yet established. The 1-year thesis is cautiously constructive — Search and Cloud are durable earnings machines with strong pricing power — but the capex overhang and multi-jurisdiction regulatory risk represent genuine downside scenarios that are more probable today than two years ago. Conviction is moderate; the stock is not obviously cheap relative to the capital it is consuming.
Published Aug 11, 2026 · 2 recorded assessments
Alphabet's Q2 2026 was its best in years — Cloud at +82%, a 294% EPS upside surprise, and operating margin expanding to 34% — but two near-term risks have emerged since: the AI leadership overhaul (Jeff Dean departure) threatens the talent edge underpinning Cloud growth, and a social-media liability verdict creates a new legal exposure. The $25B bond deal attracted $115B in demand, underscoring capital markets' confidence in Alphabet's credit; but it also signals heavy capex is coming. Net view: thesis intact at 1-year horizon given Cloud momentum and Search resilience, but the leadership stability question in AI is now the most critical variable to monitor through Q3.
Checked Google issuer blog for eligible recent Search regulatory-policy update.
Fundamental but modest: Google changed EEA enforcement of its site reputation policy after European Commission discussions, which may reduce one DMA-related regulatory friction point while preserving the policy outside the EEA. This updates the regulatory-risk tape but is smaller than the pending U.S. antitrust remedies items.
source ↗Checked Alphabet EDGAR FWP filing detail for recent securities filing activity.
Checked Alphabet EDGAR 8-K for August 2026 senior notes financing activity.
Checked recent Google Cloud pricing news for fundamental relevance.
Fundamental: Google Cloud is adding pay-as-you-go Gemini Enterprise pricing, spending limits, committed-spend discounts, and planned off-peak token discounts, which may improve enterprise AI adoption and competitive positioning.
source ↗Checked Alphabet EDGAR FWP filing detail for recent securities filing activity.
Checked Alphabet EDGAR 8-K for August 2026 senior notes financing activity.
Checked recent Google Cloud pricing news for fundamental relevance.
Fundamental: Google Cloud is adding pay-as-you-go Gemini Enterprise pricing, budget controls, committed-spend discounts, and planned off-peak token discounts, which could lower enterprise AI adoption friction and sharpen Cloud's competitive position.
source ↗Checked Alphabet EDGAR FWP filing detail for recent securities filing activity.
Checked Marvell filing for Google custom silicon agreement and warrant terms.
Fundamental: Marvell disclosed a commercial agreement to develop custom semiconductor products for Google tied to the TPU ecosystem, plus warrants that vest partly with Google purchase volumes through fiscal 2033.
source ↗No new fundamental change versus the latest prior sweep; the Marvell-Google custom silicon filing remains the key recent item. The 1y case still balances Search and Cloud/AI growth against capex and antitrust risk.
2026-10-28 (expected, not company-confirmed) earnings date and after-market timing were estimated by a third-party calendar.
Checked Alphabet Q2 2026 8-K filing directory on EDGAR.
Checked Alphabet Q2 2026 10-Q filing directory on EDGAR.
Checked Marvell filing for Google custom-silicon agreement and warrant terms.
Fundamental and already captured in the prior sweep: Marvell disclosed a Google custom-products agreement tied to the TPU ecosystem plus a warrant structure, reinforcing Alphabet's effort to secure AI compute supply and diversify custom silicon sourcing.
source ↗Checked Alphabet Q2 2026 8-K filing detail
Checked Alphabet Q2 2026 10-Q filing detail
Checked Marvell filing for Google custom-silicon agreement
Fundamental: Marvell disclosed a custom semiconductor agreement with Google covering TPU-ecosystem silicon and a warrant for up to 58,970,907 Marvell shares. This supports Alphabet's AI infrastructure supply strategy and supplier diversification.
source ↗New incremental positive: the reported Marvell custom-chip expansion fits Alphabet's supply-constrained AI compute strategy. The 1y thesis remains Search plus Cloud AI growth, balanced against very large capex and antitrust overhang.
Checked Alphabet next earnings date for GOOG Class C shares
Checked Alphabet Q2 2026 8-K filing detail
Checked Alphabet Q2 2026 10-Q filing detail
Checked Alphabet August 2026 prospectus supplement filing
Checked recent Google custom silicon supply-chain news
Checked DOJ Google Search antitrust case page for regulatory context
Fundamental for Alphabet's AI infrastructure strategy: a broader custom-silicon supply relationship may diversify TPU-related capacity and reduce single-supplier concentration risk as AI compute demand remains supply constrained.
source ↗Debt issuance by a historically net-cash balance sheet is a capital-structure shift, likely funding heavy AI/data-center capex; relevant to free-cash-flow and return-of-capital math.
source ↗The December 2025 final judgment imposed data-sharing/distribution limits rather than a breakup; the ongoing appeal keeps a tail risk to Search economics alive but the base-case remedy is manageable.
source ↗Blowout Q2 — Cloud +82%, EPS $9.11 vs $3.04 consensus, 11 straight quarterly beats — sets a high bar. The $25B debt issuance and $205B capex plan represent an AI infrastructure bet of historic scale. AI leadership reshuffle is the key near-term risk; Kavukcuoglu promotion and Gemini 3.7 Flash cadence suggest execution is not impaired. Antitrust appeal ongoing but Chrome divestiture risk appears reduced. Berkshire doubling down to a top-three holding is a strong corroborating signal.
Loss of 27-year AI pioneer Dean alongside Ghemawat, Vinyals, and Le introduces frontier-research key-person risk; Alphabet shares fell ~4% on the announcement. Kavukcuoglu now owns Gemini model development — structural DeepMind continuity appears intact but the breadth of the talent exit is a genuine watch item for the 1-year horizon.
source ↗Continued rapid Gemini model release cadence despite leadership overhaul signals that Cloud AI product velocity is intact, directly supporting the 82% Cloud growth trajectory that drove Q2 upside.
source ↗A $205B capex ceiling — up from $180B capex spent in prior guidance — directly suppresses free cash flow through 2027 and raises execution risk if AI monetization does not accelerate proportionally. This is not noise: it is a structural claim on future shareholder capital.
source ↗The bond issuance expands long-term debt materially; while record demand signals confidence in Alphabet's credit quality, increased leverage adds interest obligations and reduces financial flexibility at a moment of peak capex commitment.
source ↗Scale at 1B MAU establishes Gemini as a platform-level asset with potential to drive advertising, Cloud, and subscription revenue that could justify the AI infrastructure capex over a multi-year horizon.
source ↗Regulatory action in France adds to the US antitrust (search remedies, AdX ruling pending) and EU Android cases; a ruling requiring changes to AI Overviews could structurally reduce Search's ability to retain users and ad revenue without referral traffic obligations.
source ↗GOOG's Q2 2026 was exceptional: revenue $119.8B (+24% YoY), Google Cloud +82% to $24.77B, EPS $9.11 crushed a $3.04 consensus — 11 straight quarterly beats. The AI monetization flywheel in Cloud and Search is clearly working. However, the Jeff Dean departure and concurrent DeepMind leadership restructuring introduce a genuine AI talent and execution risk that is not trivial to dismiss: losing the principal architect of Google's AI stack while competitors are aggressively recruiting creates a widened capability uncertainty window. The $25B bond deal anchors the capex commitment. The 3-month view is cautiously optimistic pending clarity on AI leadership continuity; the 1-year view remains constructive on Cloud acceleration, but the leadership risk warrants a closer watch than at any point in the past two years.
Dean is the architect of Google's neural network and AI infrastructure stack — the technical foundation underlying Gemini, Search, and Google Cloud AI services. His departure alongside other senior AI researchers raises a material competitive-positioning risk at the peak of the AI investment cycle. GOOG fell ~3.5% on the disclosure. Koray Kavukcuoglu steps up to SVP of Google DeepMind, but institutional knowledge loss of this magnitude cannot be fully mitigated by org chart changes.
source ↗The oversubscribed issuance at investment-grade rates funds Alphabet's AI capex ramp without equity dilution, exploiting the company's fortress balance sheet. Adds leverage but Alphabet's cash generation makes this manageable; it signals the company is committing to sustained heavy AI infrastructure spending into 2027-2028.
source ↗Price and valuation commentary on the back of a confirmed Q2 beat; does not change fundamentals but reflects the market's current pricing of the AI monetization thesis.
source ↗Alphabet's Q2 print was exceptional (EPS $9.11, revenues +22%) and confirms Search and Cloud remain dominant franchises. However, the stock faces a three-layer overhang: (1) a $195B–$205B capex commitment that has turned FCF negative and required $25B in fresh debt issuance; (2) the DOJ's appeal of the Chrome browser antitrust ruling introducing breakup risk; and (3) a new social media harm liability precedent threatening YouTube's operating model. The bull case is intact if AI capex generates measurable Cloud and Search revenue uplift by 2027–2028; the bear case is a value-destroying capex cycle with unproven returns. Binary setup — wait for FCF trajectory clarity before adding.
A liability finding establishes legal precedent that could result in significant financial damages against YouTube and other Google consumer platforms; it also opens the door to regulatory mandates on content moderation practices that could increase operating costs or constrain monetization.
source ↗Issuing $25B in new long-dated debt fundamentally changes Alphabet's historically net-cash balance sheet, signals the extraordinary scale of capital required to compete in frontier AI, and reduces future share repurchase capacity — a structural shift in capital allocation philosophy.
source ↗A 100% YoY quarterly capex surge has pushed Alphabet's free cash flow into negative territory for the first time; while necessary to compete in frontier AI, this creates a multi-year earnings headwind and materially raises the bar on demonstrating AI-driven revenue returns to justify the investment.
source ↗Loss of foundational AI research leaders at the moment Google Cloud is scaling 82% YoY creates genuine competitive-position risk; the market's 4% stock drop reflects concern that talent attrition could slow product velocity.
source ↗Oversubscription of 4.6x signals exceptionally strong credit market confidence; proceeds fund AI capex cycle, signaling sustained multi-year investment ramp ahead.
source ↗Court finding establishes precedent for financial liability tied to algorithmic harm on YouTube; could expose Google to significant damages or content-moderation compliance costs.
source ↗Alphabet is executing at peak operational intensity — Cloud at +82% with profitability inflecting, Gemini at 950M MAU, Search stable, $195-205B capex backed by a fresh $25B debt raise. The one genuine risk is the AI leadership exodus: Jeff Dean's departure is the most concerning personnel event at a major tech firm this year. Worth monitoring whether model development velocity slows into Q3.
Google Cloud's 82% growth with near-tripling operating income demonstrates it is now a profitability engine, not a growth-at-a-loss bet. This structurally improves Alphabet's earnings quality.
source ↗Jeff Dean co-designed Google's AI infrastructure over nearly three decades. His exit alongside other senior researchers is a talent risk at a pivotal moment in the AI race — the kind of departure that can slow model development and shift competitive positioning.
source ↗Raising debt signals Alphabet is aggressively leveraging its balance sheet to accelerate AI infrastructure, an arms-race posture that will determine Cloud share gains vs. AWS and Azure over the next 1-2 years.
source ↗Complete SEC 13F filings only. These delayed reports show filed share amounts, not a manager’s full portfolio, intent, or a proven trade.
12 of 14 recent complete filings report ordinary shares. Compared with the prior report: 1 new positions, 8 with more shares, and 3 with fewer shares.
A large, repeated position can support a research story, but these filings arrive late and do not show an investor’s full portfolio or reason for owning the stock.
Look for the same investor to keep a meaningful position across several reports.
No numeric score or recommendation is made from these delayed filings. They are one piece of background evidence, not a buy or sell signal.
14 current complete filings of 16 tracked managers. 2 investors have only an older filing and are left out of this current view. Current holding dates span Mar 31, 2026 to Jun 30, 2026.
GOOG is 12.6% of Berkshire Hathaway's disclosed portfolio ($37.76 B). Holdings as of Jun 30, 2026. Reported in 4 consecutive quarters.
GOOG is 9.5% of Third Point's disclosed portfolio ($442.52 M). Holdings as of Jun 30, 2026. Reported in 2 consecutive quarters.
GOOG is 9.0% of Baupost Group's disclosed portfolio ($484.74 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 8.7% of Tiger Global Management's disclosed portfolio ($2.07 B). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 8.5% of Appaloosa's disclosed portfolio ($653.66 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 3.4% of Soros Fund Management's disclosed portfolio ($273.27 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 2.7% of ARK Investment Management's disclosed portfolio ($418.72 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 2.3% of Duquesne Family Office's disclosed portfolio ($120.18 M). Holdings as of Jun 30, 2026. Reported in 1 consecutive quarter.
GOOG is 2.0% of Bridgewater Associates's disclosed portfolio ($498.73 M). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 1.9% of Renaissance Technologies's disclosed portfolio ($1.38 B). Holdings as of Jun 30, 2026. Reported in all 6 quarters we can see.
GOOG is 0.72% of Pershing Square's disclosed portfolio ($98.73 M). Holdings as of Mar 31, 2026. Reported in all 5 quarters we can see.
GOOG is 0.25% of Citadel Advisors's disclosed portfolio ($2.23 B). Holdings as of Jun 30, 2026. Reported in all 2 quarters we can see.
Market-neutral / multi-strategy: Citadel often reports shares, calls, and puts at the same time. These rows show reported exposure, not a simple bullish or bearish bet.
Citadel Advisors (Ken Griffin) reports a PUT option ($3.06 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
Citadel Advisors (Ken Griffin) reports a CALL option ($4.10 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
Citadel Advisors (Ken Griffin) reports a PUT option ($4.51 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
Citadel Advisors (Ken Griffin) reports a CALL option ($7.20 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
9 newly or higher reported, 3 lower reported. Reported amounts only; corporate actions are not normalized.
Reported by 12 of 14 managers with a current filing; at least 0.5% of disclosed 13F value for 11.
Largest reported position: Berkshire Hathaway (Warren Buffett) at 12.6% of disclosed 13F value ($37.76 B).
Across 6 quarters of stored filings: 28 newly or higher comparisons, 18 lower or absent, 4 unchanged, across 12 managers. Corporate actions are not normalized.
No numeric score is shown: filing comparisons are not adjusted for splits or other corporate actions, so reported changes cannot be treated as trades.
13Fs can arrive up to 45 days after quarter end. They omit short positions, cash, and securities outside the SEC's 13(f) list. Higher, lower, new, and absent describe filed share amounts, not proven purchases or sales; splits and other corporate actions are not normalized. This is context for a thesis, never a call by itself.