Alphabet Logs Its First $100 Billion Quarter

Three’s a trend, as they say. If Meta and Microsoft reported record revenues, surely Alphabet would too? Andrew Nusca asked in his Fortune Tech report.

Alphabet has raised its 2025 CapEx forecast to between $91 billion and $93 billion. (Photo RB Photo Flickr) 

Google’s parent company said Wednesday that it raked in $102.3 billion in third-quarter revenue—its first 12-digit fiscal quarter—beating estimates of about $99.9 billion. Net income surged to $35 billion, a 33% increase.

Cloud revenue leapt 34% to $15.2 billion, surpassing estimates of about $14.7 billion.

Speaking of trends, Alphabet raised its 2025 CapEx forecast to between $91 billion and $93 billion, after projecting $85 billion just three months ago. And it won’t stop there.

“Looking out to 2026, we expect a significant increase in capex,” CFO Anat Ashkenazi said on a call with investors. Alphabet shares rose 5% to about $294 in after-hours trading.