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Alphabet to report Q3 after the bell as CNBC flags a shaky AI trade

CNBC reported on Oct 28 that Alphabet is set to report Q3 earnings after the bell, saying the company faces a skeptical Wall Street as a shaky AI trade looks for signs of strength.

Developing storyOptions traders eye Alphabet and Microsoft ahead of Oct 28 after-hours reports9 reports · latest 39 min agoTimeline →

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: Alphabet to report Q3 after the bell as CNBC flags a shaky AI trade
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What happened

CNBC reported on Oct 28, 12:00 UTC that Alphabet is set to report Q3 earnings after the bell. The headline framed the release as coming while a shaky AI trade looks for signs of strength.

CNBC's summary said, "Alphabet faces a skeptical Wall Street as it prepares to report quarterly results."

Stocks market context

At Oct 28, 20:00 UTC the SPY ETF was $772.31 and rose 0.34% from the prior close; the QQQ ETF was $725.61 and rose 0.60% from the prior close. NVIDIA was $215.38 and fell 1.17% from the prior close; Apple was $343.83 and fell 0.94% from the prior close; Microsoft was $531.01 and fell 0.06% from the prior close. Amazon was $254.60 and rose 0.59% from the prior close; Meta Platforms was $612.49 and fell 1.24% from the prior close; Tesla was $404.22 and fell 0.80% from the prior close; JPMorgan Chase was $339.30 and rose 1.05% from the prior close.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $772.31 +0.34% vs prior close Oct 28, 20:00 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $725.61 +0.60% vs prior close Oct 28, 20:00 UTC Finnhub
NVIDIA $215.38 -1.17% vs prior close Oct 28, 20:00 UTC Finnhub
Apple $343.83 -0.94% vs prior close Oct 28, 20:00 UTC Finnhub
Microsoft $531.01 -0.06% vs prior close Oct 28, 20:00 UTC Finnhub
Amazon $254.60 +0.59% vs prior close Oct 28, 20:00 UTC Finnhub
Alphabet $324.89 +1.34% vs prior close Oct 28, 20:00 UTC Finnhub
Meta Platforms $612.49 -1.24% vs prior close Oct 28, 20:00 UTC Finnhub
Tesla $404.22 -0.80% vs prior close Oct 28, 20:00 UTC Finnhub
JPMorgan Chase $339.30 +1.05% vs prior close Oct 28, 20:00 UTC Finnhub

Yahoo published "Microsoft, Alphabet Earnings Put Focus on AI Cash Flow Drain." cnbc.com ran "Here's what options traders see before Alphabet, Microsoft report after the bell," and CNBC also ran a separate piece titled "Alphabet, Microsoft set to report today: Constellation's Ray Wang on what to expect."

What to watch

Market attention moves to other scheduled earnings: AMZN Q3 2026 earnings is scheduled Thu Oct 29 (after the close) and INTC Q3 2026 earnings is scheduled Thu Oct 29 (after the close).

  • Thu Oct 29 (before the open) — LLY Q3 2026 earnings · EPS estimate 6.61
  • Thu Oct 29 (before the open) — CAT Q3 2026 earnings · EPS estimate 7.16
  • Thu Oct 29 (before the open) — MRK Q3 2026 earnings · EPS estimate 2.10
  • Thu Oct 29 (after the close) — AMZN Q3 2026 earnings · EPS estimate 2.00
  • Thu Oct 29 (after the close) — INTC Q3 2026 earnings · EPS estimate 0.40
  • Fri Oct 30 (before the open) — XOM Q3 2026 earnings · EPS estimate 4.12

Sources and data

  • CNBC (secondary source) — Alphabet set to report Q3 earnings after the bell as shaky AI trade looks for signs of strength
  • Yahoo (secondary source) — Microsoft, Alphabet Earnings Put Focus on AI Cash Flow Drain
  • cnbc.com (secondary source) — Here's what options traders see before Alphabet, Microsoft report after the bell
  • Finnhub (market data) — market data

Market data as of Oct 28, 20:00 UTC; report generated Oct 28, 21:01 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. CNBC (secondary, retrieved Oct 28, 2026, 09:03 PM UTC)
  2. Yahoo (secondary, retrieved Oct 28, 2026, 09:03 PM UTC)
  3. cnbc.com (secondary, retrieved Oct 28, 2026, 09:03 PM UTC)
  4. Finnhub (market-data, retrieved Oct 28, 2026, 09:03 PM UTC)

Market data as of Oct 28, 2026, 08:00 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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