The Marked Chart Wire · Series of events
Series of events · Alphabet
Alphabet reports revenue miss and shares drop
Alphabet sold TPUs externally, then reported revenue below estimates, with shares falling 10 percent.
Updated
The flow in 3 points
- TPU sales to external clients began this year
- Revenue of $127.58 billion missed $127.96 billion estimate
- Stock dropped 10 percent in premarket trading
What happened, in order
Times are Eastern-
Where it began
TPU sales start
Alphabet began selling its proprietary TPU processors to external clients this year, potentially strengthening its position in the AI hardware market.
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Turning point
Revenue misses
Alphabet reported third-quarter revenue of $127.58 billion, falling short of the $127.96 billion expected by analysts.
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Asian stocks mixed
Asian shares and US futures traded mixed on Thursday morning, with big tech stocks under pressure following Alphabet's earnings report.
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Nasdaq futures fall
Nasdaq futures led market losses following Alphabet's earnings report, which failed to meet expectations.
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Latest
Shares slide 10%
Alphabet stock dropped 10 percent in premarket trading after the company reported cash outflows exceeding analyst estimates.
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How they connect
Alphabet first began selling TPUs to outside buyers. Then, the company reported revenue below estimates, and its shares fell 10 percent while Nasdaq futures dropped.
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