# Alphabet's Earnings Hinge on Google Cloud Growth

> Google Cloud's 82% revenue jump could reshape Alphabet's Oct 28 earnings report.
- Title: Alphabet's Earnings Hinge on Google Cloud Growth | Shortify
- Summary: Google Cloud's 82% revenue jump could reshape Alphabet's Oct 28 earnings report. Alphabet's Oct 28 earnings report may hinge on Google Cloud's 82% quarterly…
- Keywords: alphabet, google cloud, microsoft azure, amazon web services, quantum ai, willow processor, s&p 500, capital expenditure, cloud computing, tensor processing units, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/203e07c4-91b0-4285-a501-08d65731ebb8
- Author: BigGo Finance
- Published: 2026-10-21T11:55:14+00:00
- Read time: 1 min
- Topics: alphabet, google cloud, microsoft azure, amazon web services, quantum ai, willow processor, s&p 500, capital expenditure, cloud computing, tensor processing units, finance, markets
## Alphabet's earnings report
Alphabet reports third-quarter results on Oct 28 with its stock up about 7% this year.
## Google Cloud revenue growth
Google Cloud revenue grew 82% in the second quarter to $24.8 billion.
## Cloud operating margin
Cloud operating margin rose to 35.6% from 20.7% in the previous quarter.
## Cloud backlog growth
Cloud backlog reached $514 billion, up more than $50 billion in the quarter.
## Capital expenditure plan
Alphabet raised 2026 capital expenditure guidance to $195 billion-$205 billion.
## Quantum AI breakthrough
Google Quantum AI disclosed Willow processor error-correction advance on Oct 15.
## TPU sales pipeline
Alphabet began selling Tensor Processing Units to customers in the second quarter.
## Cloud market share
Synergy Research Group reported Google Cloud's 15% global share in cloud infrastructure spending.
## Quantum competitors
IonQ and Rigetti Computing have not yet achieved profitability in quantum computing.
## Earnings impact
Capital spending pushed second-quarter free cash flow to negative $5.9 billion.
## Key takeaway

Alphabet's Oct 28 earnings report may hinge on Google Cloud's 82% quarterly revenue growth, accelerating past Microsoft Azure and AWS.