Alphabet Inc. (GOOGL) earnings on July 22, 2026
Prior outlook: Pessimistic Outcome: Accurate
GOOGL gave up early gains and fell 7.13%, dropping as much as 7.95% during the day.
GOOGL price around the earnings
317.69
Change: -7.1%
2026-07-23, 20:00 UTC
Start of the measured window
End of the measured window
315.17
326.60
338.04
349.47
342.09
July 22, 2026
July 23, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Strong recent earnings beat record and strong analyst targets offset by severe negative trend strength and sharp selloff into earnings.
Context analyzed before publication
- Trend
- Trajectory collapsed from +41.3 to -12.0 in 2 days; severe negative trend strength deterioration into event.
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.44
- Analysts covering the stock
- 53
- Average price target
- 433.55
- Lowest price target
- 340
- Highest price target
- 515
- Upside to price target
- 26%
- Quarterly earnings growth
- 81.2%
- Revenue growth
- 21.8%
- Forward EPS
- 14.67
- Trailing EPS
- 13.12
- Analyst moves in the last 60 days
- 10
- Strong buy: 14
- Buy: 43
- Hold: 7
- Sell: 0
- Strong sell: 0
- Strong buy
- 14
- Buy
- 43
- Hold
- 7
- Sell
- 0
- Strong sell
- 0
- July 22, 2026 · Citizens: Reiterates rating (Market Outperform → Market Outperform)
- July 21, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- July 17, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- July 13, 2026 · UBS: Maintains rating (Neutral → Neutral)
- July 10, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- July 2, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- June 30, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 3, 2026 · Needham: Reiterates rating (Buy → Buy)
- June 2, 2026 · HSBC: Maintains rating (Buy → Buy)
- June 1, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Cautious
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- Stock Market Today: Nasdaq 100 Falls as Crude Rallies to $88 (opens in a new tab) — Benzinga
- Alphabet Earnings Jitters: The Greatest Cash Machine Ever Still Doesn't Have Enough (opens in a new tab) — Benzinga
- Citizens Reiterates Market Outperform on Alphabet, Maintains $515 Price Target (opens in a new tab) — Benzinga
- Google Earnings Prediction Market Preview: What Will Sundar Pichai Say? (opens in a new tab) — Benzinga
- Alphabet, Microsoft, Meta Earnings Will Spotlight AI Spending — But the Bigger Story May Be In The Footnotes (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 3.2%
- Distance to 52-week high
- -14.5%
- 14-day change (14d)
- -5.4%
- 30-day change (33d)
- -5.7%
- 30-day relative strength
- -5.8%
- SPY change (33d)
- +0.2%
- Nearest support
- 346.22
- Nearest resistance
- 347.55
- Volume accumulation ratio (14d / 46d)
- 0.77
Trends
Evidence
- Average earnings surprise
- +33.5%
- April 29, 2026: actual EPS 5.11 vs estimate 2.63 (surprise +94.3%)
- February 4, 2026: actual EPS 2.82 vs estimate 2.64 (surprise +7.0%)
- October 29, 2025: actual EPS 2.87 vs estimate 2.26 (surprise +26.9%)
- July 23, 2025: actual EPS 2.31 vs estimate 2.19 (surprise +5.7%)
Expected move
- Implied move
- +4.0%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 5%
- 75th percentile move
- 7.6%
- 90th percentile move
- 9.6%
- Up / down moves
- 11 / 9
- Average up move
- +5.2%
- Average down move
- -5.0%
Monitoring and close
What Alphabet Inc. reported
- Status
- Pending
| Actual EPS | 9.11 |
|---|---|
| EPS estimate | 2.87 |
| EPS surprise | +217.4% |
| Revenue | $119,796 million |
| Revenue estimate | $116,639 million |
| Revenue surprise | +2.7% |
Sources (1)
- Alphabet reported earnings of $9.11 per share, beating the $2.87 estimate, and revenue of $119.796B, above the $116.639B forecast. — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures confirm the pessimistic scenario. In the 711 past cases with a similar move, the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -7.1%
- Max favorable move (MFE)
- 8%
- Max adverse move (MAE)
- 3.4%