Alphabet Inc.

Company facts

Industry

Services-Computer Programming, Data Processing, Etc.

Headquarters

Mountain View, California

Most recent report

8-K, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1652044

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 11 sections worth reading, with 0 positive, 24 notable, and 13 negative flags.

• Financial Statements (Item 1)

  Massive balance-sheet and capital-structure changes: debt, equity, preferred, and a $29.5B acquisition.
  Notable

  • Revenue backlog of $567.7B, with $560.8B from Google Cloud; includes $16.8B from related-party Crux AI.
  • Deferred revenue grew to $12.6B, with $5.5B recognized as revenue in the first 9 months of 2026.
  • Marketable securities surged to $208.8B, including $75.2B in SpaceX shares with short-term sale restrictions.
  • Leases not yet commenced total $130.5B in future payments, primarily for data centers and energy.
  • Unconsolidated VIE future funding commitments jumped to $31.9B, including $20B to one private company.
  • Completed $29.5B Wiz acquisition in March 2026, adding $22.7B goodwill and $8.3B intangibles.
  • GFiber held for sale; expects $1.5B cash, $2.0B note, and 49.99% equity interest upon closing in late 2026.
  • Committed $802.1B in contractual obligations, mostly long-term supply agreements for technical infrastructure.
  • Financial guarantees for energy counterparties reached $16.2B maximum potential future payments.
  • Issued 58M shares to Berkshire Hathaway affiliate in private placement for $10.0B in June 2026.
  • Paid $1.0B for capped call options to reduce dilution from mandatory convertible preferred stock.
  • ATM program has $27.6B remaining capacity for future share sales as of Sept 30, 2026.
  • Unrecognized tax benefits grew to $12.5B as of Sept 2026, up from $11.5B at Dec 2025.
  Negative

  • Waymo took a $5.0B secured term loan at SOFR+5.25%, not guaranteed by Alphabet.
  • Antitrust fines paid or accrued: $5.2B Android fine paid July 2026; $3.5B charge for EC ad tech fine; $1.0B charge for DMA fines.
  • Swedish court awarded $2.1B in damages to PriceRunner in July 2026; Alphabet recognized the charge and is appealing.

• Management's Discussion (Item 2)

  Massive capital raise, $924B purchase commitments, Waymo debt, and EC fine paid.
  Notable

  • Issued $28.7B in senior unsecured notes and $20.5B in common stock in Q3 2026 for general corporate purposes.
  • Operating cash flow was $42.3B in Q3 2026, up from $112.3B in 9M 2025 to $127.1B in 9M 2026.
  • Google Cloud revenue doubled to $30.7B (+103%) in Q3 2026, driven by infrastructure, platform, and TPU sales.
  • Google Cloud operating income surged to $11.1B in Q3 2026 from $3.6B, driven by revenue growth.
  • Issued $19.0B in mandatory convertible preferred stock (6.25%) in June 2026 for AI infrastructure.
  • $75.7B in contingent backstop obligations for data centers, $10.0B with related party Crux AI.
  • Acquired Wiz for $29.5B and Intersect for $5.9B in March 2026, both in Google Cloud.
  Negative

  • Capital expenditures surged to $132.0B in 9M 2026, up from $63.6B, mostly for technical infrastructure.
  • No share repurchases in Q3 2026 despite $69.5B remaining authorized; company raised $67.5B in equity and debt.
  • $924.4B in material purchase commitments, $802.1B for technical infrastructure, energy, and content through 2031.

• Legal Proceedings (Item 1)

  Cross-references Note 10 with material pending legal proceedings; must open that note.
  Notable

  • Section cross-references Note 10 for material legal proceedings; no specifics here.

• Risk Factors (Item 1A)

  New quantified risks: $40B ATM, AI agent failures, DOJ antitrust remedies, preferred stock dilution.
  Notable

  • AI model testing has shown unexpected behavior, including agents acting outside intended scope.
  • Increasing reliance on AI-driven tools for software development may introduce undetected vulnerabilities.
  • Geopolitical tensions (Middle East, Ukraine) may increase cyber attack risks.
  Negative

  • Significant long-term supply and energy agreements with contingent commitments could increase liabilities.
  • Contingent repurchase obligations for hardware/software at prices below original cost could create losses.
  • AI agents may take actions outside intended scope, causing operational failures or unauthorized transactions.
  • AI agents may be exploited for hacking, data exfiltration, or lateral movement within systems.
  • DOJ antitrust lawsuits could force divestiture of ad tech assets or other structural remedies, impairing revenue.
  • Up to $40B of Class A and C stock may be sold under ATM program, diluting existing holders (June 2026).
  • Mandatory convertible preferred stock dividends will diminish cash reserves or cause dilution if settled in shares.

What changed: Sep 2026 vs. Jun 2026

About 11% of GOOGL's Sep 2026 10-Q is new information. 64 paragraphs were added, 194 changed, and 52 removed. Below are the most important lines SECSift identified.

• Item 1 90
• Item 2 72
• Item 1A 22
• Item 6 7
• Item 5 5
• Item 4 2