Google Earnings Preview: Will $100 Billion in Revenue be Reported?
Google Earnings Preview: Will $100 Billion in Revenue be Reported?
By:Mike Butler
Google Earnings Preview
- Google's parent company Alphabet will report quarterly earnings on October 29th after the market closes
- Consensus is a $2.28 earnings-per-share on $99.9 billion in revenue, which means we could see the first $100 billion earnings report for Alphabet
- The market expects to see strong growth from Google Cloud, as well as more data from AI Overview & AI Mode
- The market is pricing in a 6% stock price move in either direction for earnings, based on current implied volatility
$100 Billion Revenue for Alphabet is Possible
The markets were off to a hot start on Monday, with the S&P 500 and Nasdaq up well over 1%. While this isn't always a precursor for what's to come, it's certainly a welcome sight for traders & investors that want to participate in Mag 7 earnings reports this week in more calm markets. Google is expected to report an earnings-per-share of $2.28 on $99.9 billion in revenue. You heard that right - almost $100 billion in revenue for a quarter - what a staggering & historic figure we may get to witness! GOOGL stock opened the trading year at $190.65, and currently sits at $269 per share. Alphabet was not out of the woods during the tariff turbulence in April though, as the stock price dropped as low as $140.53 before making a momentous comeback to the annual high we're seeing now.
The market expects a strong showing for Alphabet on Wednesday, and Alphabet CEO Sundar Pichai had strong words of positivity in the previous earnings call:
"We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.”
These are just huge numbers, and it's hard to fathom such growth. With that said, we need to respect the implied volatility of the options market, as it tells us the market story without any upside or downside narratives.
Based on current implied volatility, we're looking at a 6% stock price range for Alphabet's upcoming earnings announcement. This is on the lower end for most companies that fall between the 5-10% notional value range. With that said, we are only seeing a +-$33.58 implied stock price move through January 2026, so the earnings report this week makes up almost 50% of the implied range through the end of this year.
Bullish on Google for Earnings
If you're bullish on GOOGL stock for earnings, you certainly want to see that shiny $100 billion revenue number come through - it could result in a nice stock price move to the upside, especially if it's paired with a strong sentiment for 2026 and beyond. Key focal points from this earnings call revolve around AI initiatives, and the success of the Google Cloud business sector.
Bearish on Google for Earnings
If you're bearish on GOOGL stock for earnings, you want to see a slowdown in expectations, or any sort of EPS or revenue miss on Wednesday after the market closes. With so much hype and euphoria in the market right now, any sort of slow down or miss from one of the biggest companies on the planet could trigger a selloff in GOOGL and other tech stocks that are at or near annual stock price highs.
Join us on Options Trading Concepts Live at 11am CST on Wednesday for a deep dive into Google and Microsoft earnings - both reporting after the market closes on October 29th.
Mike Butler, tastylive director of market intelligence, has been trading the markets for a decade. He appears on Options Trading Concepts Live, Monday-Friday. @tradermikeyb
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