Sundar Pichai shares Google’s Q3 numbers; shows strong growth in numbers for Search, Cloud and AI models; while Elon Musk says ‘wow’, Wall Street ‘not happy’

Google reported its third-quarter 2026 financial results on October 28. Sharing the Q3 numbers, Google CEO Sundar Pichai wrote on X (formerly Twitter): “Q3 is in the books! We’re now on a half-trillion annual revenue run rate, with Alphabet revenues growing at 25%”. This caught Elon Musk’s attention who replied to Sundar Pichai’s post on Google results with a ‘Wow’. But Wall Street seems to be ‘not happy’ with the Google results. Hours after the earnings result, shares of Alphabet’s fell nearly 10% reportedly because the company missed profit projections and increased its AI spending past $50 billion in the third quarter. As stated in a Semafor report, the “resulting cash burn stoked investors’ fears that hyperscalers aren’t generating enough revenue to justify their debt-fueled infrastructure investments”.