Alphabet (GOOG) essentially just handed Wall Street a “good news, bad news” sandwich. The Q4 2025 numbers were a knockout; revenue hit $113.8 billion (up 18% YoY), and EPS jumped 31%. But the market’s focus shifted almost immediately to the price tag for 2026. Management is doubling down on the AI arms race, forecasting a capital expenditure budget between $175 billion and $185 billion.
It’s a staggering amount of money, but with Google Cloud revenue surging 48% this quarter, Sundar Pichai is clearly making the case that you have to spend record-breaking amounts to maintain record-breaking growth.
GOOG Stock Live After Earnings Report
On February 4, 2026, Steve Teilmann and Josh Smith hosted a live post-market breakdown of Alphabet’s (GOOGL) Q4 results alongside key reports from Qualcomm (QCOM), ARM, and Snap (SNAP). The session analyzed Alphabet’s historic $400 billion annual revenue milestone and its 48% Google Cloud surge, which helped shares climb 3% after-hours despite a massive capital expenditure of $180 billion for its AI infrastructure needs.
Steve and Josh also dissected the AI sell-off in semiconductors, as ARM shares slid 9% despite a revenue beat, and Qualcomm dropped 7% on cautious guidance linked to handset memory constraints, while Snap fell 3% after a soft Q1 outlook overshadowed a surprise holiday profit.
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