KeyCorp Comments on Alphabet’s Q3 Earnings (NASDAQ:GOOG)

Posted by Stanley Muller on Jul 29th, 2026

Alphabet Inc. (NASDAQ:GOOG – Free Report) – Research analysts at KeyCorp dropped their Q3 2026 earnings estimates for shares of Alphabet in a research report issued on Thursday, July 23rd. KeyCorp analyst J. Patterson now anticipates that the information services provider will post earnings of $2.99 per share for the quarter, down from their prior estimate of $3.02. The consensus estimate for Alphabet’s current full-year earnings is $19.79 per share. KeyCorp also issued estimates for Alphabet’s Q4 2026 earnings at $3.27 EPS, FY2026 earnings at $20.48 EPS and FY2027 earnings at $15.24 EPS.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis.

Several other research analysts have also weighed in on the company. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Roth Capital lifted their target price on Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, UBS Group restated a “neutral” rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $410.09.

View Our Latest Report on GOOG

Alphabet Price Performance

GOOG stock opened at $332.60 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.03 trillion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.95 and a beta of 1.23. The company’s fifty day simple moving average is $358.25 and its 200 day simple moving average is $337.68. Alphabet has a 12-month low of $188.70 and a 12-month high of $404.47.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOG. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock valued at $86,596,000 after acquiring an additional 2,850 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Alphabet by 7.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock worth $19,060,000 after acquiring an additional 4,239 shares during the period. Violich Capital Management Inc. lifted its holdings in Alphabet by 1.0% during the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider’s stock worth $106,936,000 after acquiring an additional 3,378 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Alphabet by 12.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 45,014 shares of the information services provider’s stock worth $14,125,000 after purchasing an additional 4,848 shares during the last quarter. Finally, Robinhood Asset Management LLC bought a new position in Alphabet in the 4th quarter valued at $20,337,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 285,049 shares of company stock worth $10,051,351 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Fundamentals remain strong. Alphabet reported 24.2% year-over-year revenue growth to $119.8 billion, while Google Cloud revenue surged 82% and its backlog reached approximately $514 billion. Search and YouTube also continued to grow, supporting the long-term AI monetization story. Alphabet earnings and stock analysis
Positive Sentiment: Wall Street remains broadly constructive. Alphabet maintains a consensus “Buy” rating, with several firms retaining targets well above the current trading level. Phillip Securities upgraded the stock to “strong buy,” while Erste Group raised its FY2027 EPS estimate to $14.74. Asset Management One also added roughly 117,000 GOOGL shares in its latest disclosed portfolio update.
Positive Sentiment: YouTube gained additional distribution potential. A multiyear agreement will bring Peacock programming, including sports and entertainment content, to YouTube Premium subscribers in the United States, potentially improving engagement and subscription value. YouTube Peacock agreement
Neutral Sentiment: Analyst estimates are mixed. KeyCorp raised its FY2026 EPS forecast sharply to $20.48 from $14.41 and lifted its FY2028 estimate modestly, but reduced estimates for third-quarter 2026, fourth-quarter 2026 and FY2027 earnings. This signals confidence in the broader outlook but some caution about near-term results.
Neutral Sentiment: Insider and institutional activity is conflicting. Major shareholder 2019 GP L.L.C. GV reported several sales, while Provident Trust reduced its GOOG and GOOGL positions by about 21%. These moves may weigh on sentiment, although other institutions continue to add shares.
Negative Sentiment: AI capital spending is the main pressure point. Alphabet raised its 2026 capital-expenditure outlook to approximately $195 billion–$205 billion. Quarterly capital spending reached $44.9 billion and free cash flow turned negative, prompting investors to question whether AI infrastructure returns will justify the investment.
Negative Sentiment: European litigation risk is increasing. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims related to Google’s business practices. Google European damages litigation

About Alphabet

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Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.