# Google Cloud Revenue Doubles to $30.7 Billion as Alphabet Capex Hits $51.4 Billion; Microsoft Azure Grows 48%

*2026-10-29 07:00 UTC · Business · 1 min read*

> Alphabet and Microsoft reported results: Google Cloud grew 103% but Alphabet free cash flow turned negative, while Microsoft beat estimates.

Alphabet reported revenue up 25% to $127.6 billion, slightly below estimates, as Search and YouTube ads underperformed. Google Cloud revenue grew 103% to $30.7 billion with $11.1 billion in operating income. Capex reached $51.4 billion, double last year's $24.0 billion, pushing free cash flow to -$9.1 billion.

Alphabet raised $28.7 billion in senior notes and $12.4 billion from stock sales; long-term debt rose from $46.5 billion at the end of 2025 to $125.1 billion. It held 2026 capex guidance at $195-205 billion and said 2027 spending will "increase significantly". Shares fell after hours.

Microsoft sales rose 19% to $92.3 billion, with adjusted EPS of $4.89 against about $4.72 expected. Azure grew 48% to $33.17 billion; free cash flow fell 27% to $18.63 billion after $39.37 billion in cash capex. Shares rose after hours.

## Sources

- [fool.com](https://www.fool.com/investing/2026/10/28/microsoft-and-alphabet-just-reported-earnings-putting-the-ai-boom-to-the-test/)

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TechTools News · https://techtools.cz/tools/news/article/2598-google-cloud-revenue-doubles-to-30-7-billion-as-alphabet-capex-hits-51-4
Česká verze: https://techtools.cz/tools/news/clanek/2672-trzby-google-cloudu-se-zdvojnasobily-na-30-7-miliardy-dolaru-investice