In a review of the 2025 third-quarter earnings reports for U.S. stocks, Alphabet delivered a standout performance, with quarterly sales outpacing analysts' projections. The primary driver behind this surge was the robust growth in its cloud business, which benefited significantly from the heightened demand for support and computing power from artificial intelligence (AI) startups. As a result, Alphabet's stock price soared by 7.5% in after-hours trading.

For the third fiscal quarter, Alphabet's sales, excluding revenue sharing with partners, climbed to $87.5 billion, comfortably surpassing the anticipated $85.1 billion. Moreover, the company reported net earnings per share of $2.87, outstripping Wall Street's estimates. At present, Alphabet is channeling unprecedented levels of investment into propelling the advancement of artificial intelligence. This strategic move involves integrating its cutting-edge large language model, Gemini, into a range of its widely used products. Looking ahead, the company anticipates that its annual capital expenditures will range between $91 billion and $93 billion, a figure that exceeds earlier projections.