Why Google Stock Crashed 7% Despite Big Revenues in Earnings Call
Alphabet published robust revenues in its recent Q2 earnings call and beat all market expectations. Despite the strong numbers, Alphabet’s Google stock (NASDAQ: GOOG) plunged nearly 7% and closed Thursday’s trading session at $318. It erased nearly 24 points, wiping out $138 billion in investors’ money in a single day. The dip is making traders panic about taking an entry position, as GOOG is failing to sustainably scale higher on the charts.
Also Read: Barclays Gives Buy Call on Google Stock: See Price Target
Here’s Alphabet’s Earnings Call Details and Revenues
Alphabet’s earnings call saw stellar revenues that outweighed Wall Street expectations by a wider margin. It also delivered its 12th consecutive quarter of double-digit revenue growth, making it stand apart from the rest. Below is the table on Q2 revenues vs Wall Street forecast, along with the year-on-year growth.
| Metric | Q2 2026 Reported | Wall Street Forecast | Growth (YoY) |
| Total Revenue | $119.80 Billion | $116.51 Billion | +24% |
| Diluted EPS | $9.11 | $2.88 | +294% |
| Google Cloud | $24.77 Billion | $21.50 Billion | +82% |
| Search & Other | $63.27 Billion | $63.40 Billion | +17% |
| YouTube Ads | $11.06 Billion | $10.90 Billion | +13% |
| Operating Income | $40.77 Billion | $38.20 Billion | +30% |
Why Did Google Stock Drop 7%?
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