谷歌季度营收增长25%但未达预期Google Quarterly Revenue Grows 25% But Falls Short of ExpectationsGoogle’s cloud sales surged in the latest quarter but overall revenue at parent Alphabet grew a slower-than-expected 25% to $127.6 billion, disappointing investors. Operating profit rose in the third quarter, but net profit declined by nearly a quarter to $26.2 billion, well below analysts’ estimates according to S&P Capital IQ. Alphabet’s shares fell by nearly 9% in after hours trading. Google Cloud revenue in the third quarter more than doubled from a year earlier to $30.7 billion, powered by demand from AI customers, the company said Wednesday. Sales of its tensor processing unit AI chips also meaningfully contributed to growth, it said. The Information on Monday reported that Google had struck a deal to sell its TPUs to OpenAI—the same day Google announced a deal with Oracle for it to offer the AI chips. Last quarter, Google Chief Executive Sundar Pichai said that Google expects the “vast majority” of TPU revenues to be realized in 2027. Google’s services business—its largest, which includes its core search advertising operation—grew less than 11% in the quarter, its slowest rate since the first quarter of last year. Reflecting Google’s enormous spending on AI data centers, the company reported negative free cash flow of more than $9 billion. That marked its second straight quarter of negative cash flow, and was a big increase in the deficit from the negative $5.9 billion for the previous quarter. Earlier today, Google released its latest model, Gemini 4 Carbon, which it said was significantly more capable than its previous model, Argon, released less than a month ago.

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谷歌母公司Alphabet最新季度云业务销售激增，但整体营收增长25%至1276亿美元，增速慢于预期，令投资者失望。第三季度营业利润上升，但净利润下降近四分之一至262亿美元，远低于根据标普资本IQ汇总的分析师预期。Alphabet股价在盘后交易中下跌近9%。

公司周三表示，第三季度谷歌云营收较去年同期翻倍多，达到307亿美元，得益于AI客户的需求。公司称，其张量处理单元（TPU）AI芯片销售也对增长有显著贡献。《The Information》周一报道，谷歌已达成协议向OpenAI出售TPU——就在谷歌宣布与甲骨文达成协议由其提供AI芯片的同一天。上一季度，谷歌首席执行官桑达尔·皮查伊表示，谷歌预计TPU营收的“绝大多数”将在2027年实现。

Google’s cloud sales surged in the latest quarter but overall revenue at parent Alphabet grew a slower-than-expected 25% to $127.6 billion, disappointing investors.

谷歌服务业务——其最大业务，包含核心搜索广告业务——本季度增长不足11%，为去年第一季度以来最慢增速。反映出谷歌在AI数据中心的巨额支出，公司报告自由现金流为负超90亿美元。这标志着连续第二个季度现金流为负，且赤字较上一季度的负59亿美元大幅扩大。

谷歌今日早些时候发布最新模型Gemini 4 Carbon，称其能力显著强于不到一个月前发布的前代模型Argon。

Operating profit rose in the third quarter, but net profit declined by nearly a quarter to $26.2 billion, well below analysts’ ...